NOT LISTED FOR SALE

2873 Lighthouse Rd Smyrna, DE 19977

Estimated Value: $443,000 - $784,682

34.5 Acres
$17,490 Price per Acre
1,502,820 Sq Ft Lot

Last Sold December 28, 2017

Last sale price $195,000 $216 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $3,430/month

Highlights

  • 34.5 Acre Lot
  • No HOA
  • Crops
  • North Smyrna Elementary School Rated 9+
  • En-Suite Primary Bedroom

About This Lot

As of December 2017

The Fulton Farm Property is an agricultural property of 34.5 acre with approximately 20 acres tillable land, located near the Woodland Beach Wildlife Area. The property is ideal for hunting birds, or for young farmers program. The soils types are Hammonton Sandy Loam, Hurlock Sandy Loam, and Woodstown Loam. The property is located on the east side of Hay Point Road east of Smyrna, and the north side of Lighthouse Road.

Last Agent to Sell the Property

Philip McGinnis

(302) 270-0656 pjm@mcginnisrealty.com McGinnis Commercial Real Estate License #R1-0001967 Listed on: 08/19/2017

Last Buyer's Agent

Andrea Harrington

andrea@alhrealtygroup.com Compass License #RA-0020228

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $911

Lot Details

  • 34.5 Acre Lot
  • The property's topography is rolling
  • Property is zoned AC

Utilities

  • Well
  • On Site Septic
  • Phone Available
  • Cable TV Available

Additional Features

  • En-Suite Primary Bedroom
  • Crops

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 0500-000
  • Assessor Parcel Number DC-00-00300-01-0500-000

Property Details

Property Type

Land

Est. Annual Taxes

$911

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 0.16

Exterior Features

  • 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: On Site Septic
  • Utilities: Electric Available, Phone Available, Cable Tv Available
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Farm Operation: Row Crop
  • Lot Size Acres: 34.50
  • Lot Dimensions: 858 X 2000, LotWidth:858
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1502820.00
  • Soil Types: Loam
  • Topography: Rolling
  • Zoning: AC

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2418260
  • Tax Annual Amount: 911.00
  • Assessor Parcel Number: DC-00-00300-01-0500-000
  • Tax Lot: 0500-000
  • Tax Year: 2016

MLS Schools

  • School District Name: SMYRNA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2017
Closed on
Jan 2, 2018
Sold by
Fulton Jared K and Fulton Erika L
Bought by
Difrancesco Vito A and Difrancesco Lindsay M
Seller's Agent
Philip McGinnis
McGinnis Commercial Real Estate
Buyer's Agent
Andrea Harrington
Compass
List Price
$244,000
Sold Price
$195,000
Premium/Discount to List
-$49,000
-20.08%
Current Estimated Value
$603,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,421
Avg. Annual Appreciation
15.50%
Original Mortgage
$156,000
Outstanding Balance
$131,645
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$471,776

Purchase Details

Closed on
Jun 29, 2004
Sold by
Between Aba Assoc
Bought by
Fulton Edwin C
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
Difrancesco Vito A $195,000 None Available
Fulton Edwin C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Difrancesco Vito A $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2017 12/28/17 Sold $195,000 -20.1% $216 / Sq Ft
11/01/2017 11/01/17 Pending -- -- --
08/19/2017 08/19/17 For Sale $244,000 -- $270 / 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 $3,071 $728,000 $406,800 $321,200
2024 $3,071 $728,000 $406,800 $321,200
2023 $2,054 $77,300 $20,900 $56,400
2022 $1,984 $77,300 $20,900 $56,400
2021 $1,945 $77,300 $20,900 $56,400
2020 $1,703 $77,300 $20,900 $56,400
2019 $1,719 $77,300 $20,900 $56,400
2018 $1,310 $47,500 $25,000 $22,500
2017 $898 $40,500 $0 $0
2016 $911 $40,500 $0 $0
2015 $915 $40,500 $0 $0
2014 $856 $40,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Philip McGinnis

    Seller's Agent in 2017

    Philip McGinnis

    McGinnis Commercial Real Estate

    (302) 270-0656

    3 in this area

    35 Total Sales

    Philip McGinnis
    Section Image
  • Andrea Harrington

    Buyer's Agent in 2017

    Andrea Harrington

    Compass

    (302) 383-8360

    46 in this area

    679 Total Sales

    Andrea Harrington
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001217575

Bright MLS

APN: 1-00-00300-01-0500-000

Delaware Kent County Smyrna 19977

2873 Lighthouse Rd, Smyrna, DE

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