NOT LISTED FOR SALE

24358 Lawson Rd Georgetown, DE 19947

Estimated Value: $305,000 - $3,717,262

354.68 Acres
$5,299 Price per Acre
15,449,860 Sq Ft Lot

Last Sold November 12, 2021

Last sale price $3,519,000

Est. 47% decrease in value since last sale

Current estimated payment $9,925/month

198 Days on Market

Highlights

  • 354.68 Acre Lot
  • No HOA
  • Additional Land

About This Lot

As of November 2021

Welcome to Bar Farms, a beautiful 354-acre property being listed for the first time. This property offers many possibilities, including subdivision. Current income includes a borrow pit, farm lease, and cell phone tower lease. Additionally, a hunt club currently uses the property for whitetail hunting. Subdivision would further enhance these income streams. Alternatively, you could build your own dream house and enjoy both privacy and ample recreational space. This property currently offers several improvements, including twelve retired poultry houses as well as several barn structures and home sites. The property will be offered in seven tracts which must be sold together. Tires are to be removed at the Sellers expense per DNREC Contract. If DNREC defaults, Sellers will not be responsible for tire removal.

Last Agent to Sell the Property

Carrie Lingo

(302) 645-2207 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 10/06/2020

Jack Lingo - Lewes

Last Buyer's Agent

Carrie Lingo

(302) 645-2207 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 10/06/2020

Jack Lingo - Lewes

Property Details

Property Type

  • Land

Lot Details

  • 354.68 Acre Lot
  • Additional Land
  • 234-15.00-3.20, 234-15.00-9.00, 234-15.00-13.00, 234-15.00-14.00, 234-15.00-15.00, 234-15.00-3.21
  • Property is zoned AR1

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 234-15.00-10.00

Property Details

Property Type

Land

Lot Details

354.68 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Agriculture, Recreation
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 0.37

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: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 234-15.00-3.20, 234-15.00-9.00, 234-15.00-13.00, 234-15.00-14.00, 234-15.00-15.00, 234-15.00-3.21
  • Lot Features: Additional Lot(s)
  • Lot Size Acres: 354.68
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15449860.80
  • Zoning: AR1
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 234-15.00-10.00

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2022
Sold by
Sb Land Holdings Llc
Bought by
Sussex Land Holdings Llc
Current Estimated Value
$1,879,421

Purchase Details

Listed on
Oct 6, 2020
Closed on
Nov 15, 2021
Sold by
Bar-Sgr Llc
Bought by
Sb Land Holdings Llc
Seller's Agent
Carrie Lingo
Jack Lingo - Lewes
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$5,674,880
Sold Price
$3,519,000
Premium/Discount to List
-$2,155,880
-37.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.43%
Original Mortgage
$2,630,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2017
Sold by
Miller Linda M
Bought by
Little Elizabeth A

Purchase Details

Closed on
Dec 30, 1996
Bought by
Bar-Sgr Llc
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
Sussex Land Holdings Llc -- Schell Brothers Llc
Sb Land Holdings Llc $3,519,000 None Listed On Document
Little Elizabeth A -- None Available
Bar-Sgr Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sb Land Holdings Llc $2,630,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $3,519,000 -38.0% --
10/06/2020 10/06/20 For Sale $5,674,880 -- --
Source: Bright MLS

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 $1,747 $119,050 $3,000 $116,050
2024 $4,922 $119,050 $3,000 $116,050
2023 $4,917 $119,050 $3,000 $116,050
2022 $4,838 $119,050 $3,000 $116,050
2021 $4,693 $119,050 $3,000 $116,050
2020 $4,478 $119,050 $3,000 $116,050
2019 $4,458 $119,050 $3,000 $116,050
2018 $4,501 $119,050 $0 $0
2017 $4,539 $119,050 $0 $0
2016 $3,999 $119,050 $0 $0
2015 $4,123 $119,050 $0 $0
2014 $4,061 $119,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU170794

Bright MLS

APN: 234-15.00-10.00

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