Seller's Agent in 2019
Bryce Lingo
Jack Lingo - Rehoboth
(302) 226-6417
13 in this area
280 Total Sales
24716 Broadkill Rd Milton, DE 19968
Estimated Value: $557,000
17.46
Acres
$31,901
Price per Acre
760,558
Sq Ft Lot
About This Lot
As of August 2019Excellent 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
(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 08/09/2018
Last Buyer's Agent
(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 08/09/2018
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
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$644,293
Avg. Annual Appreciation
-10.66%
Original Mortgage
$2,500,000
Outstanding Balance
$2,165,793
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$1,608,793
Purchase Details
Closed on
Feb 9, 2011
Bought by
Purchase Details
Closed on
Feb 7, 2011
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | -- | ||
| -- | -- | ||
| -- | -- |
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 | $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 |
|---|---|---|---|---|
| 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
-
Shaun Tull
Seller Co-Listing Agent in 2019
Shaun Tull
Jack Lingo - Rehoboth
(302) 226-6417
7 in this area
260 Total Sales
Map
Source: Bright MLS
MLS Number: 1005933075
APN: 235-14.00-123.00
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