NOT LISTED FOR SALE

3 Gerald Ct Delmar, DE 19940

Estimated Value: $525,980

1.58 Acres
$332,899 Price per Acre
68,825 Sq Ft Lot

Sale Details

Date Sold: December 30, 2022

Last sale price $430,000

Est. 22% increase in value since last sale

Current estimated payment $2,964 / mo

1240 Days on Market

Highlights

  • 1.58 Acre Lot
  • Premium Lot
  • No HOA

About This Lot

As of December 2022

Prime commercial lot directly on Rt. 13 surrounded by very successful long-term retailers. This is the last lot available on the most desirable northbound lane that has been is strong demand over the last several years. The site is situated between a national retailer (AutoZone) and a very established furniture company (Furniture Land/Ashely Furniture) with many other national retailers just feet away. Access is already approved. This is part of an approved business park subdivion that has clearly been a very succesful location. Also has multiple points of ingress/egress offering a big convenience to customers and employee's that no other available property can offer.

Last Agent to Sell the Property

Wesley Cox, CCIM

(410) 543-2440 brent.miller@svn.com SVN |Miller Commercial Real Estate License #574198 Listed on: 01/22/2019

SVN |Miller Commercial Real Estate

Co-Listed By

Henry Hanna

(410) 543-2440 brent.miller@svn.com SVN |Miller Commercial Real Estate

Last Buyer's Agent

Casey Kenton

(302) 736-0270 ckenton@i-realty.com Investors Realty, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $394

Lot Details

  • 1.58 Acre Lot
  • Premium Lot
  • Level Lot
  • Cleared Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 532-20.00-104.08

Property Details

Property Type

Land

Est. Annual Taxes

$394

Lot Details

1.58 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Historic: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 7.25

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: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared, Level, Premium
  • Lot Size Acres: 1.58
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 68825.00
  • Zoning: Q
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5230791
  • School Tax: 177.00
  • Tax Annual Amount: 394.00
  • Assessor Parcel Number: 532-20.00-104.08
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: DELMAR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2026
Sold by
Delmar Holdings Llc
Bought by
Nistazos Holdings Llc
Current Estimated Value
$525,980

Purchase Details

Listed on
Jan 22, 2019
Closed on
Dec 28, 2022
Sold by
Gerald Court Land Company Llc
Bought by
Delmar Holdings Llc
Seller's Agent
Wesley Cox, CCIM
SVN |Miller Commercial Real Estate
Buyer's Agent
Casey Kenton
Investors Realty, Inc.
List Price
$499,000
Sold Price
$430,000
Premium/Discount to List
-$69,000
-13.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$425,000
Interest Rate
6.27%

Purchase Details

Closed on
Oct 24, 2022
Sold by
Prezelski Richard
Bought by
Gerald Court Land Company Llc

Purchase Details

Closed on
Dec 28, 2012
Sold by
Prezelski Richard
Bought by
Gerald Court Land Company Llc

Purchase Details

Closed on
Dec 24, 2012
Sold by
Prezelski Richard
Bought by
Gerald Court Land Company Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nistazos Holdings Llc $687,500 None Listed On Document
Delmar Holdings Llc $430,000 --
Gerald Court Land Company Llc -- --
Gerald Court Land Company Llc -- None Listed On Document
Gerald Court Land Company Llc $280,000 --
Gerald Court Land Company Llc $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delmar Holdings Llc $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2022 12/30/22 Sold $430,000 -13.8% --
06/15/2022 06/15/22 Pending -- -- --
01/22/2019 01/22/19 For Sale $499,000 -- --
Source: Bright MLS

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 $1,572 $3,950 $3,950 $0
2024 $206 $3,950 $3,950 $0
2023 $203 $3,950 $3,950 $0
2022 $195 $3,950 $3,950 $0
2021 $206 $3,950 $3,950 $0
2020 $198 $3,950 $3,950 $0
2019 $197 $3,950 $3,950 $0
2018 $198 $3,950 $0 $0
2017 $198 $3,950 $0 $0
2016 $198 $3,950 $0 $0
2015 $206 $3,950 $0 $0
2014 $175 $3,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wesley Cox, CCIM

    Seller's Agent in 2022

    Wesley Cox, CCIM

    SVN |Miller Commercial Real Estate

    (410) 251-6408

    2 in this area

    36 Total Sales

    Wesley Cox, CCIM
    Section Image
  • Henry Hanna

    Seller Co-Listing Agent in 2022

    Henry Hanna

    SVN |Miller Commercial Real Estate

    (410) 543-2419

    2 in this area

    60 Total Sales

    Henry Hanna
    Section Image
  • Casey Kenton

    Buyer's Agent in 2022

    Casey Kenton

    Investors Realty, Inc.

    (302) 228-1128

    1 in this area

    3 Total Sales

    Casey Kenton
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU129770

Bright MLS

APN: 532-20.00-104.08

Delaware Sussex County Delmar 19940

3 Gerald Ct, Delmar, DE

Not Listed for Sale

Lots

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