NOT LISTED FOR SALE

19120 Cool Spring Rd Milton, DE 19968

Estimated Value: $685,000 - $874,073

80.56 Acres
$9,881 Price per Acre
3,509,194 Sq Ft Lot

Last Sold December 29, 2015

Last sale price $600,000

Est. 33% increase in value since last sale

Current estimated payment $4,274/month

120 Days on Market

Highlights

  • Horses Allowed On Property
  • 80.56 Acre Lot
  • No HOA
  • Love Creek Elementary School Rated A
  • Wooded Lot

About This Lot

As of December 2015

80-acre parcel of land available. Already subdivided into 4 separate parcels (three 15-acre parcels and one 35-acre parcel). Perfect location for a grand estate, compound or build on one parcel and sell the others.Existing 9-stall horse barn and garage convey with the property in as-is condition.Located just south of Lewes-Georgetown Highway in a growing residential area.

Last Agent to Sell the Property

Andrew Ratner

(302) 745-9659 andrew.ratner@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #RB-0002872 Listed on: 08/24/2015

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Kathy Newcomb

(302) 542-4255 knewcomb@cbanker.com Coldwell Banker Premier - Rehoboth License #RA-0003510

Coldwell Banker Premier - Rehoboth

Property Details

Property Type

  • Land

Lot Details

  • 80.56 Acre Lot
  • Wooded Lot
  • Zoning described as AGRICULTURAL/RESIDENTIAL

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Well Required
  • Site Evaluation on File
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 234-01.00-1.02

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Vacant
  • New Construction: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 0.20

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Site Evaluation On File, No Sewer System
  • Water Source: Well Required

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Wooded Acres: 50.00
  • Crops Included: No
  • Horse Amenities: Horses Allowed
  • Lot Features: Trees/Wooded
  • Lot Size Acres: 80.56
  • Lot Size Area: 3508982
  • Lot Size Description: ClearAcres: 30.00
  • Lot Dimensions: Irregular
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3508982.00
  • Zoning Description: AGRICULTURAL/RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5147552
  • Assessor Parcel Number: 234-01.00-1.02
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2015
Closed on
Dec 29, 2015
Sold by
Gallo Elizabeth D and Gallo Salvatore J
Bought by
Newcomb Kathlyn K and Newcomb Michael A
Seller's Agent
Andrew Ratner
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Kathy Newcomb
Coldwell Banker Premier - Rehoboth
List Price
$700,000
Sold Price
$600,000
Premium/Discount to List
-$100,000
-14.29%
Current Estimated Value
$796,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,024
Avg. Annual Appreciation
2.87%
Original Mortgage
$480,000
Outstanding Balance
$381,879
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$414,145
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Newcomb Kathlyn K $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newcomb Kathlyn K $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2015 12/29/15 Sold $600,000 -14.3% --
12/22/2015 12/22/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $700,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,086 $36,850 $1,750 $35,100
2024 $1,974 $36,850 $1,750 $35,100
2023 $1,972 $36,850 $1,750 $35,100
2022 $1,904 $36,850 $1,750 $35,100
2021 $1,886 $36,850 $1,750 $35,100
2020 $1,880 $36,850 $1,750 $35,100
2019 $1,883 $36,850 $1,750 $35,100
2018 $1,759 $40,050 $0 $0
2017 $1,550 $36,850 $0 $0
2016 $493 $12,350 $0 $0
2015 $471 $12,350 $0 $0
2014 $468 $12,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Ratner

    Seller's Agent in 2015

    Andrew Ratner

    BHHS PenFed (actual)

    (302) 745-9659

    2 in this area

    12 Total Sales

    Andrew Ratner
    Section Image
  • Kathy Newcomb

    Buyer's Agent in 2015

    Kathy Newcomb

    Coldwell Banker Premier - Rehoboth

    (302) 542-4255

    11 in this area

    176 Total Sales

    Kathy Newcomb
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001009462

Bright MLS

APN: 234-01.00-1.02

Delaware Sussex County Milton 19968

19120 Cool Spring Rd, Milton, DE

Not Listed for Sale

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