NOT LISTED FOR SALE

291 Lighthouse Rd Smyrna, DE 19977

Estimated Value: $426,000 - $1,604,000

3 Beds
1.5 Baths
2,348 Sq Ft
$365/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $1,575,000 $671 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $4,604/month

111 Days on Market

Highlights

  • 1,500 Feet of Waterfront
  • Access to Tidal Water
  • 186.6 Acre Lot
  • North Smyrna Elementary School Rated 9+
  • River View
  • Dual Staircase

About This Home

As of July 2024

The Piney Cedar Farm is a great ag property along Smyrna River with 186 + acres, 101 tillable acres, 10 wooded acres, and 76 marsh acres. There are three ponds, two of which are recoverable, a farm house used as hunting lodge with two car garage, mobile home leased for $400 per month, single family dwelling leased for $425 per month, and duck blinds. The farm currently rents for $85 per acre. There are two septic systems, and two domestic wells, and two wells for the recoverable ponds. The hunting lodge and the mobile home shares one well and septic, and the rented house uses one well and septic. Property has three tax parcels, and four tax records (for mobile home). There is an unknown amount of road frontage, and an unknown amount of water frontage on the Smyrna River.

Last Agent to Sell the Property

Philip McGinnis

(302) 270-0656 pjm@mcginnisrealty.com McGinnis Commercial Real Estate License #R1-0001967 Listed on: 05/09/2020

Last Buyer's Agent

A. John Price

(302) 378-1979 ajohnprice100@gmail.com Patterson-Schwartz Real Estate License #RSR002189

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,079

Year Built

  • Built in 1890

Lot Details

  • 186.6 Acre Lot
  • Lot Dimensions are 1500 x 3000
  • 1,500 Feet of Waterfront
  • Home fronts navigable water
  • Hunting Land
  • Rural Setting
  • Wooded Lot
  • Three tax parcels total
  • Ground Rent expires in 1 year
  • Property is zoned AC

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • Driveway
  • Off-Street Parking

Property Views

  • River
  • Pond
  • Woods
  • Creek or Stream

Home Design

  • Colonial Architecture
  • Stucco

Interior Spaces

  • 2,348 Sq Ft Home
  • Property has 3 Levels
  • Dual Staircase
  • 2 Fireplaces
  • Double Hung Windows
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Attic

Kitchen

  • Country Kitchen
  • Cooktop

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • River Nearby
  • Stream or River on Lot
  • Tenant House

Utilities

  • Central Air
  • Humidifier
  • Electric Baseboard Heater
  • Above Ground Utilities
  • Well
  • Electric Water Heater
  • On Site Septic
  • Phone Available

Additional Features

  • Flood Risk
  • Crops

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1600-000
  • Assessor Parcel Number DC-00-00300-01-16.00, 16.01, 28.00, 16.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,079

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Habitable Residence: Yes
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Remarks Public: The Piney Cedar Farm is a great ag property along Smyrna River with 186 + acres, 101 tillable acres, 10 wooded acres, and 76 marsh acres. There are three ponds, two of which are recoverable, a farm house used as hunting lodge with two car garage, mobile home leased for $400 per month, single family dwelling leased for $425 per month, and duck blinds. The farm currently rents for $85 per acre. There are two septic systems, and two domestic wells, and two wells for the recoverable ponds. The hunting lodge and the mobile home shares one well and septic, and the rented house uses one well and septic. Property has three tax parcels, and four tax records (for mobile home). There is an unknown amount of road frontage, and an unknown amount of water frontage on the Smyrna River.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Humidifier, Refrigerator
  • Interior Amenities: Additional Stairway, Attic, Combination Kitchen/Dining, Kitchen - Country, Primary Bath(s), Wood Floors
  • Window Features: Double Hung
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 3
  • Room Count: 5
  • Basement: No
  • Total Sq Ft: 2348
  • Living Area Sq Ft: 2348
  • Price Per Sq Ft: 574.96
  • Above Grade Finished Sq Ft: 2348
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 291

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Tenant House
  • Construction Materials: Stucco
  • Road Surface Type: Black Top, Paved
  • View: Creek/Stream, Pond, River, Street, Trees/Woods
  • Water Access: Yes
  • Water Body Name: Smyrna River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 1500

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Above Ground, Electric Available, Phone
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: SMYRNA
  • School District Key: 300200396884
  • School District Source: Listing Agent

Lot Info

  • Wooded Acres: 10.00
  • Horses: No
  • Additional Parcels: Yes
  • Additional Parcels Description: three tax parcels total
  • Crops Included: Yes
  • Cultivated Acreage: 101.00
  • Farm Features: Hunting
  • Farm Land Area Units: Acres
  • Farm Operation: Row Crop, Grain
  • Irrigation Water Rights: No
  • Lot Features: Rural, Trees/Wooded
  • Lot Size Acres: 186.60
  • Lot Dimensions: 1500 x 3000
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8128300.00
  • Soil Types: Loam
  • Tillable Acres: 101.00
  • Year Assessed: 2021
  • Zoning: AC
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 936.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1079.00
  • Assessor Parcel Number: DC-00-00300-01-16.00, 16.01, 28.00, 16.01
  • Tax Lot: 1600-000
  • Tax Total Finished Sq Ft: 2348
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 07/08/2024

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: SMYRNA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
De Land Holdings 2 Llc
Bought by
De Land Holdings 2 Llc
Current Estimated Value
$857,142

Purchase Details

Listed on
May 9, 2020
Closed on
Jul 8, 2024
Sold by
Piney Cedar Trust
Bought by
De Land Holdings 2 Llc
Seller's Agent
Philip McGinnis
McGinnis Commercial Real Estate
Buyer's Agent
A. John Price
Patterson-Schwartz Real Estate
List Price
$1,350,000
Sold Price
$1,575,000
Premium/Discount to List
$225,000
16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-37.37%

Purchase Details

Closed on
Dec 10, 2009
Sold by
Lynch Donald J and Peoples Richard A
Bought by
The Piney Cedar Trust
Source: Public Records

Range of Values:

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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
De Land Holdings 2 Llc -- None Listed On Document
De Land Holdings 2 Llc -- None Listed On Document
De Land Holdings 2 Llc $1,575,000 None Listed On Document
The Piney Cedar Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2024 07/08/24 Sold $1,575,000 +16.7% $671 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
05/09/2020 05/09/20 For Sale $1,350,000 -- $575 / 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 $1,140 $386,100 $206,700 $179,400
2024 $1,140 $270,200 $130,000 $140,200
2023 $1,140 $42,900 $9,000 $33,900
2022 $1,101 $42,900 $9,000 $33,900
2021 $1,079 $42,900 $9,000 $33,900
2020 $945 $42,900 $9,000 $33,900
2019 $954 $42,900 $9,000 $33,900
2018 $954 $42,900 $9,000 $33,900
2017 $951 $42,900 $0 $0
2016 $965 $42,900 $0 $0
2015 -- $42,900 $0 $0
2014 -- $42,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Philip McGinnis

    Seller's Agent in 2024

    Philip McGinnis

    McGinnis Commercial Real Estate

    (302) 270-0656

    3 in this area

    35 Total Sales

    Philip McGinnis
    Section Image
  • A. John Price

    Buyer's Agent in 2024

    A. John Price

    Patterson-Schwartz Real Estate

    (302) 378-1979

    1 in this area

    46 Total Sales

    A. John Price
    Section Image
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Map

Source: Bright MLS

MLS Number: DEKT238262

Bright MLS

APN: 1-00-00300-01-1600-000

Delaware Kent County Smyrna 19977

291 Lighthouse Rd, Smyrna, DE

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