NOT LISTED FOR SALE

24716 Broadkill Rd Milton, DE 19968

Milton Area

Estimated Value: $588,000

17.46 Acres
$33,677 Price per Acre
760,558 Sq Ft Lot

Sale Details

Date Sold: August 27, 2019

Last sale price $1,201,293

Current estimated payment $3,933 / mo

207 Days on Market

About This Lot

As of August 2019

Excellent development potential! Total of +/- 17.46 acres on Broadkill Road (Rt. 16) near the charming downtown area of Milton and only 2.25 miles from Coastal Hwy (Rt. 1). In addition, this property is a short drive from the Atlantic Ocean, Delaware Bay, Cape May Lewes Ferry, Tanger and all of the attractions of the neighboring Lewes & Rehoboth Beach area. +/- 6 acres is within Town of Milton limits and zoned C-1 (red shaded area of photo). +/- 11.46 acres in Sussex County and zoned AR-1. Potential for the entire property to be annexed into Milton and re-zoned to allow a mixed use of commercial and residential with central sewer/water available (office, retail, storage, apartments, etc). Milton R-3 zoning would allow over 10 units/acre (4,000 sf/unit). Delaware's rapidly growing Cape Region is a very popular year round vacation destination and increasingly popular for many retirees relocating to the area.

Last Agent to Sell the Property

Bryce Lingo

(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 08/09/2018

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 227-3883 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Bryce Lingo

(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 08/09/2018

Jack Lingo - Rehoboth

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Lot Details

  • 17.46 Acre Lot
  • Additional parcel (235/14.00/123.01) zoned commercial. Included in acreage count (0.45 acres).
  • Property is zoned AR1, 6 +/- acres within town limits of Milton (C-1 - commercial), 11.5 +/- acres in Sussex County (AR-1)

Utilities

  • Not Applied For Permit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 235-14.00-123.00

Property Details

Property Type

Land

Lot Details

17.46 Acres

Listing Details

  • Standard Status: Closed
  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Agriculture, Residential
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: No
  • MLS Status: CLOSED-BRIGHT
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 1.78

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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: Not Applied For Permit

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: Additional parcel (235/14.00/123.01) zoned commercial. Included in acreage count (0.45 acres).
  • Lot Size Acres: 17.46
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 760557.00
  • Zoning: AR1
  • Zoning Description: 6 +/- acres within town limits of Milton (C-1 - commercial), 11.5 +/- acres in Sussex County (AR-1)
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 235-14.00-123.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2018
Closed on
Sep 30, 2019
Sold by
Betty Lou Clifton Irt
Bought by
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$1,350,000
Sold Price
$1,201,293
Premium/Discount to List
-$148,707
-11.02%
Current Estimated Value
$588,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$613,293
Avg. Annual Appreciation
-9.59%
Original Mortgage
$2,500,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2011
Bought by
Clifton Chester Ray Jennie Lynn Cli
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Milton, DE

  • Debra Zyskowski Real Estate Agent - RLAH Real Estate

    Debra Zyskowski

    RLAH Real Estate

    (610) 665-3946

    62 Total Sales

    2 in Milton

    $425K - $520K Price Range

    Debra Zyskowski
     Section Image
  • Asa McCune Real Estate Agent - Patterson-Schwartz-Rehoboth

    Asa McCune

    Patterson-Schwartz-Rehoboth

    (302) 204-1597

    31 Total Sales

    1 in Milton

    $398,000 Price

    Asa McCune
     Section Image
  • Tim Arnett Real Estate Agent - ERA Martin Associates

    Tim Arnett

    ERA Martin Associates

    (667) 303-1431

    137 Total Sales

    1 in Milton

    $230,000 Price

    Tim Arnett
     Section Image
  • Carter Eggleston Real Estate Agent - Compass

    Carter Eggleston

    Compass

    (302) 665-1606

    63 Total Sales

    2 in Milton

    $431K - $505K Price Range

    Carter Eggleston
     Section Image
  • Marco Smith Real Estate Agent - Worthington Realty Group, LLC

    Marco Smith

    Worthington Realty Group, LLC

    (443) 727-1736

    114 Total Sales

    1 in Milton

    $1,060,000 Price

    Marco Smith
     Section Image
  • Tricia Erickson Real Estate Agent - Patterson-Schwartz-Rehoboth

    Tricia Erickson

    Patterson-Schwartz-Rehoboth

    (302) 310-4495

    70 Total Sales

    1 in Milton

    $255,000 Price

    Tricia Erickson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,201,293 --
Clifton Chester Ray Jennie Lynn Cli -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $4,875,000
Open Milton Attianble Housing Llc $35,070,031
Closed Milton Attainable Housing $2,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/27/2019 08/27/19 Sold $1,201,293 -11.0% --
03/04/2019 03/04/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $1,350,000 0.0% --
12/07/2018 12/07/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $1,350,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $798,443 $9,900 $1,500 $8,400
2025 $782,223 $9,900 $1,500 $8,400
2024 $54,265 $9,900 $1,500 $8,400
2023 $4,373 $9,900 $1,500 $8,400
2022 $4,221 $9,900 $1,500 $8,400
2021 $466 $9,900 $1,500 $8,400
2020 $465 $9,900 $1,500 $8,400
2019 $465 $9,900 $1,500 $8,400
2018 $435 $9,900 $0 $0
2017 $416 $9,900 $0 $0
2016 $395 $9,900 $0 $0
2015 $378 $9,900 $0 $0
2014 $375 $9,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo Real Estate Agent - Jack Lingo - Rehoboth

    Seller's Agent in 2019

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    266 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull Real Estate Agent - Jack Lingo - Rehoboth

    Seller Co-Listing Agent in 2019

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    274 Total Sales

    Shaun Tull
    Section Image
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Map

Source: Bright MLS

MLS Number: 1005933075

Bright MLS

APN: 235-14.00-123.00

Delaware Sussex County Milton 19968

24716 Broadkill Rd, Milton, DE

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