NOT LISTED FOR SALE

34137 Omar Rd Frankford, DE 19945

Estimated Value: $298,959 - $613,000

23.61 Acres
$20,171 Price per Acre
1,028,452 Sq Ft Lot

Last Sold August 31, 2018

Last sale price $450,000

Est. 6% increase in value since last sale

Current estimated payment $2,592/month

1,358 Days on Market

About This Lot

As of August 2018

Cleared land for sale.Primed for development& just outside of Millville City limits.Over 23 acres, priced at $24,354 per acre.Potential for farmette, small subdivision w/696 feet of road frontage on Omar Road&backs up to an established community w/ 640 ft. of wooded frontage.Currenlty being farmed.

Last Agent to Sell the Property

Tracy Kelley

(302) 227-3883 tracy@jacklingo.com Jack Lingo - Rehoboth License #RA-0031023 Listed on: 08/04/2014

Jack Lingo - Rehoboth

Last Buyer's Agent

Fred Barnard

(302) 930-3114 fbarnard@icloud.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,124

Lot Details

  • 23.61 Acre Lot
  • Lot Dimensions are 696x2262x627x1804
  • Cleared Lot
  • Subdivision Possible
  • Property is zoned A/R

Utilities

  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-11.00-103.00

Property Details

Property Type

Land

Est. Annual Taxes

$1,124

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
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: No
  • Remarks Public: Cleared land for sale.Primed for development& just outside of Millville City limits.Over 23 acres, priced at $24,354 per acre.Potential for farmette, small subdivision w/696 feet of road frontage on Omar Road&backs up to an established community w/ 640 ft. of wooded frontage.Currenlty being farmed.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 0.55
  • Street Number Modifier: 34137

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 Sewer System

Condo/Co-op/Association

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

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared, Subdivision Possible
  • Lot Size Acres: 23.61
  • Lot Size Area: 24
  • Lot Size Description: ClearAcres: 23.79
  • Lot Dimensions: 696x2262x627x1804
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1036088.00
  • Zoning: A/R
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 134-11.00-103.00
  • County Tax Payment Frequency: Annually
  • Close Date: 08/31/2018

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Aug 13, 2018
Sold by
Urquhart Patricia A
Bought by
Coffin Keith A and Coffin Shelley J
Seller's Agent
Tracy Kelley
Jack Lingo - Rehoboth
Buyer's Agent
Fred Barnard
Coldwell Banker Realty
List Price
$575,000
Sold Price
$450,000
Premium/Discount to List
-$125,000
-21.74%
Current Estimated Value
$476,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,240
Avg. Annual Appreciation
0.79%
Original Mortgage
$350,000
Outstanding Balance
$304,624
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$171,616
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
Coffin Keith A $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coffin Keith A $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $450,000 -21.7% --
04/23/2018 04/23/18 Pending -- -- --
08/04/2014 08/04/14 For Sale $575,000 -- --
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
2025 $1,124 $8,950 $3,000 $5,950
2024 $2,688 $8,950 $3,000 $5,950
2023 $2,685 $8,950 $3,000 $5,950
2022 $364 $8,950 $3,000 $5,950
2021 $353 $8,950 $3,000 $5,950
2020 $337 $8,950 $3,000 $5,950
2019 $335 $8,950 $3,000 $5,950
2018 $338 $8,950 $0 $0
2017 $341 $8,950 $0 $0
2016 $301 $8,950 $0 $0
2015 $310 $8,950 $0 $0
2014 $305 $8,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001574484

Bright MLS

APN: 134-11.00-103.00