$415,000
SOLD DEC 20, 2024

27361 Martins Farm Rd Milton, DE 19968

5 Acres
$82,834 Price per Acre
218,236 Sq Ft Lot

Recently Sold

2% Below List Price

133 Days on Market

Highlights

  • 5.01 Acre Lot
  • Partially Wooded Lot
  • No HOA
  • Love Creek Elementary School Rated A

About This Lot

As of July 2025

5 Acres on county road. Not in a devlopment. There is a well on this property. There is a septic on this property, Seller does not know if it is functional. At one time, there was a mobile there, which was removed. Survey available. Cleared space with trees. According to Sussex County P&Z, this property is eligible for a minor subdivison., 4 lots plus residual land.
This rectangular property has 155.50' on Martins Farm Rd, and approx. 1402' deep.

Last Agent to Sell the Property

Kathleen Engel

RE/MAX Associates Listed on: 05/13/2024

RE/MAX Associates

Last Buyer's Agent

Jordan Geyer

Jack Lingo - Rehoboth

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $572

Lot Details

  • 5.01 Acre Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned AR-1

Utilities

  • Well
  • No Septic Approved

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-09.00-1.06

Property Details

Property Type

Land

Est. Annual Taxes

$572

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Agriculture
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: 5 Acres on county road. Not in a devlopment. There is a well on this property. There is a septic on this property, Seller does not know if it is functional. At one time, there was a mobile there, which was removed. Survey available. Cleared space with trees. According to Sussex County P&Z, this property is eligible for a minor subdivison., 4 lots plus residual land. This rectangular property has 155.50' on Martins Farm Rd, and approx. 1402' deep.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 1.95
  • Street Number Modifier: 27361

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 Septic Approved
  • Utilities: Electric Available
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared, Not In Development, Partly Wooded, Road Frontage
  • Lot Size Acres: 5.01
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 218236.00
  • Year Assessed: 2023
  • Zoning: AR-1
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 510.00
  • Tax Annual Amount: 572.00
  • Assessor Parcel Number: 334-09.00-1.06
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 12/20/2024

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2025
Closed on
Jul 1, 2025
Sold by
Jk Investment Properties Llc
Bought by
Martins Farm Development Llc
Seller's Agent
Jordan Geyer
Jack Lingo - Rehoboth
Buyer's Agent
Jordan Geyer
Jack Lingo - Rehoboth
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-100.00%

Purchase Details

Listed on
May 13, 2024
Closed on
Dec 20, 2024
Sold by
Delgado-Greener Hilda Elisa
Bought by
Jk Investment Properties Llc
Seller's Agent
Kathleen Engel
RE/MAX Associates
Buyer's Agent
Jordan Geyer
Jack Lingo - Rehoboth
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
133.17%
Original Mortgage
$448,600
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 8, 1989
Bought by
Delgado Hilda Elisa
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 Type Sale Price Title Company
Deed $650,000 None Listed On Document
Deed $650,000 None Listed On Document
Deed $415,000 None Listed On Document
Deed $415,000 None Listed On Document
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $448,600 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Sold $650,000 0.0% --
07/01/2025 07/01/25 For Sale $650,000 +56.6% --
02/14/2025 02/14/25 Pending -- -- --
12/20/2024 12/20/24 Sold $415,000 -2.4% --
05/13/2024 05/13/24 For Sale $425,000 -- --
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
2024 $413 $13,850 $10,000 $3,850
2023 $572 $13,850 $10,000 $3,850
2022 $563 $13,850 $10,000 $3,850
2021 $546 $13,850 $10,000 $3,850
2020 $521 $13,850 $10,000 $3,850
2019 $519 $13,850 $10,000 $3,850
2018 $524 $13,850 $0 $0
2017 $528 $13,850 $0 $0
2016 $465 $13,850 $0 $0
2015 $480 $13,850 $0 $0
2014 $472 $13,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Geyer

    Seller's Agent in 2025

    Jordan Geyer

    Jack Lingo - Rehoboth

    (302) 745-8286

    3 in this area

    10 Total Sales

    Jordan Geyer
    Section Image
  • Kathleen Engel

    Seller's Agent in 2024

    Kathleen Engel

    RE/MAX

    (302) 542-3846

    9 in this area

    54 Total Sales

    Kathleen Engel
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2062392

Bright MLS

APN: 334-09.00-1.06

Delaware Sussex County Milton 19968

27361 Martins Farm Rd, Milton, DE

This home is located at 27361 Martins Farm Rd, Milton, DE 19968 and is currently priced at $415,000. 27361 Martins Farm Rd is a home located in Sussex County with nearby schools including Love Creek Elementary School, Mariner Middle School, and Cape Henlopen High School.

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