NOT LISTED FOR SALE

2367 Bay Rd Milford, DE 19963

Estimated Value: $250,000 - $674,000

19.47 Acres
$19,929 Price per Acre
848,113 Sq Ft Lot

Last Sold February 29, 2016

Last sale price $300,000 $282 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,099/month

253 Days on Market

Highlights

  • 19.47 Acre Lot
  • Partially Wooded Lot
  • No HOA

About This Lot

As of February 2016

Price Reduction for Quick Sale!! Seller Motivated. Property is 19.47 level acres with Multi-Zoning. Corner Lot with 3 zones - General Industrial, small Agricultural Residential lot with home that has NO Value, over 16 acres Agricultural Conservation(expired). Two road frontages - 1,800 ft road frontage on southbound side of Rt. 113 (Mile Marker 46.0), 1,200 ft road frontage on Old Cemetery Rd. Surrounded by Commercial properties. Being sold for Land Value Only with Commercial potential. In the Growth Zone. Located 1 1/2 miles south of intersection where the new Kent County Regional Sports Complex will be built. Excellent area for a hotel, restaurant or business catering to the influx of visitors to the area in regard to the Sports Complex or on their way to the Beach Resorts. Underground utilities on Rt. 113 & Old Cemetery Rd. Well on Property.

Last Agent to Sell the Property

RUTH ANN GODFREY

(302) 270-5980 rgodfrey@cbanker.com Coldwell Banker Premier - Milford License #RS-0016868 Listed on: 05/26/2015

Coldwell Banker Premier - Milford

Last Buyer's Agent

Tony Favata

(302) 382-6373 favatare@gmail.com Elevated Real Estate Solutions License #RA-020202

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $699

Lot Details

  • 19.47 Acre Lot
  • Lot Dimensions are 1800x1200x850x500
  • Irregular Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Zoning described as ADDITIONAL CODES

Utilities

  • Well
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5-00-15200-01-4500-0000

Property Details

Property Type

Land

Est. Annual Taxes

$699

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 113 & 13
  • New Construction: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 0.35

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: No Sewer System
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Crops Included: No
  • Lot Features: Cleared, Irregular, Partly Wooded
  • Lot Size Acres: 19.47
  • Lot Size Area: 19
  • Lot Dimensions: 1800x1200x850x500
  • Lot Size Units: Acres
  • Lot Sq Ft: 848113.00
  • Zoning Description: ADDITIONAL CODES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5-00-15200-01-4500-0000
  • County Tax Payment Frequency: Annually

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2015
Closed on
Feb 29, 2016
Sold by
Lofland George E
Bought by
Ching Llc
Seller's Agent
RUTH ANN GODFREY
Coldwell Banker Premier - Milford
Buyer's Agent
Tony Favata
Elevated Real Estate Solutions
List Price
$900,000
Sold Price
$300,000
Premium/Discount to List
-$600,000
-66.67%
Current Estimated Value
$388,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,026
Avg. Annual Appreciation
2.69%
Original Mortgage
$240,000
Outstanding Balance
$148,241
Interest Rate
3.79%
Mortgage Type
Commercial
Estimated Equity
$239,785

Purchase Details

Closed on
Apr 30, 2015
Sold by
Pepper William W
Bought by
Lofland George E

Purchase Details

Closed on
Apr 23, 2012
Sold by
Lofland George E
Bought by
Robinson Betty Ann and George E Lofland Revocable Trust
Source: Public Records

Range of Values:

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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
Ching Llc $300,000 None Available
Lofland George E -- None Available
Robinson Betty Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ching Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2016 02/29/16 Sold $300,000 -66.7% $282 / Sq Ft
02/03/2016 02/03/16 Pending -- -- --
05/26/2015 05/26/15 For Sale $900,000 -- $846 / Sq Ft
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 $699 $185,400 $185,400 $0
2024 $699 $185,400 $185,400 $0
2023 $580 $25,800 $12,200 $13,600
2022 $567 $25,800 $12,200 $13,600
2021 $661 $29,600 $16,000 $13,600
2020 $667 $29,600 $16,000 $13,600
2019 $670 $29,600 $16,000 $13,600
2018 $672 $29,600 $16,000 $13,600
2017 $679 $29,600 $0 $0
2016 $720 $29,600 $0 $0
2015 $527 $29,600 $0 $0
2014 $514 $29,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    RUTH ANN GODFREY

    Coldwell Banker Premier - Milford

    (302) 270-5980

    1 in this area

    1 Total Sale

    RUTH ANN GODFREY
    Section Image
  • Tony Favata

    Buyer's Agent in 2016

    Tony Favata

    Elevated Real Estate Solutions

    (302) 382-6373

    34 in this area

    112 Total Sales

    Tony Favata
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001006536

Bright MLS

APN: 5-00-15200-01-4500-000

Delaware Kent County Milford 19963

2367 Bay Rd, Milford, DE

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