$3,804,000
UNDER CONTRACT

34311 Horse Play Way Frankford, DE 19945

Estimated payment $20,671/month

Total Views 6,897
50.72 Acres
$75,000 Price per Acre
2,209,363 Sq Ft Lot

Highlights

  • 50.72 Acre Lot
  • Private Lot
  • No HOA
  • Lord Baltimore Elementary School Rated A-
  • Backs to Trees or Woods
  • Additional Land

About This Lot

A RARE FIND! PERFECT DEVELOPMENT POTENTIAL! PRIME Real Estate in Eastern Sussex County just minutes to the DE Beaches and resort areas of the Atlantic Ocean. It is literally less than 8 miles to walk on the beach. Currently zoned AR1. This farm would be perfect for the Developer, Equestrian and/or Land Lover. Are you a Venture Capitalist looking to secure an amazing investment opportunity to grow his/her portfolio? This is your chance to own and control a massive piece of land in an area bursting with new development and growth both in residential and commercial. The natural landscape will make for an amazing new home subdivision with easy access to both Rt 113 and Rt 1 corridors. Location is as it feels-rural- but, yet convenient enough to be minutes from a myriad of restaurants, employment, and big box stores. It is also located less than 2 miles from the new Beebe Hospital South Coastal Campus. What a great selling feature for a new home community that healthcare is literally 5 minutes away! Existing trailer and a few older buildings are included with the sale. Ability to tap into a local water source is a possibility. There is also potential to be annexed to a near by small town for access to existing water/sewer which would increase density options for development. Don’t miss your chance to own this beautiful farm. A famous man once said-“The best investment on earth, is earth.” -Louis Glickman. Get yours now!

Listing Agent

Sheri Smith

Keller Williams Realty Delmarva License #RS-0015670 Listed on: 07/27/2022

Keller Williams Realty Delmarva

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,256

Lot Details

  • 50.72 Acre Lot
  • Rural Setting
  • No Through Street
  • Private Lot
  • Secluded Lot
  • Backs to Trees or Woods
  • Additional Land
  • 134-15.00-15.02
  • Property is zoned AR-1

Location

  • Flood Risk

Schools

  • East Millsboro Elementary School
  • Millsboro Middle School
  • Sussex Central High School

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 134-15.00-15.01

Property Details

Property Type

Land

Est. Annual Taxes

$1,256

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, Residential
  • Inclusions: Trailer & existing sheds/buildings
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: A RARE FIND! PERFECT DEVELOPMENT POTENTIAL! PRIME Real Estate in Eastern Sussex County just minutes to the DE Beaches and resort areas of the Atlantic Ocean. It is literally less than 8 miles to walk on the beach. Currently zoned AR1. This farm would be perfect for the Developer, Equestrian and/or Land Lover. Are you a Venture Capitalist looking to secure an amazing investment opportunity to grow his/her portfolio? This is your chance to own and control a massive piece of land in an area bursting with new development and growth both in residential and commercial. The natural landscape will make for an amazing new home subdivision with easy access to both Rt 113 and Rt 1 corridors. Location is as it feels-rural- but, yet convenient enough to be minutes from a myriad of restaurants, employment, and big box stores. It is also located less than 2 miles from the new Beebe Hospital South Coastal Campus. What a great selling feature for a new home community that healthcare is literally 5 minutes away! Existing trailer and a few older buildings are included with the sale. Ability to tap into a local water source is a possibility. There is also potential to be annexed to a near by small town for access to existing water/sewer which would increase density options for development. Don’t miss your chance to own this beautiful farm. A famous man once said-“The best investment on earth, is earth.” -Louis Glickman. Get yours now!
  • Special Features: UnderContract

Interior Features

  • Price Per Sq Ft: 1.72
  • Street Number Modifier: 34311

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: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: EAST MILLSBORO
  • Middle School: MILLSBORO
  • High School: SUSSEX CENTRAL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396898
  • School District Source: Listing Agent
  • Elementary School: EAST MILLSBORO
  • High School: SUSSEX CENTRAL
  • Middle Or Junior School: MILLSBORO

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 134-15.00-15.02
  • Land Use Code: FH
  • Lot Features: Additional Lot(s), Backs To Trees, No Thru Street, Not In Development, Private, Rural, Secluded
  • Lot Size Acres: 50.72
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2209363.20
  • Year Assessed: 2021
  • Zoning: AR-1
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Multi Family

  • Federal Flood Zone: X

Tax Info

  • Assessor Parcel Number: 134-15.00-15.01
  • Tax Year: 2021

MLS Schools

  • School District Name: INDIAN RIVER

Map

Range of Values:

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Average Value
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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

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 $1,256 $24,800 $2,500 $22,300
2023 $1,255 $24,800 $2,500 $22,300
2022 $1,239 $24,800 $2,500 $22,300
2021 $1,209 $24,800 $2,500 $22,300
2020 $1,116 $24,800 $2,500 $22,300
2019 $1,100 $24,800 $2,500 $22,300
2018 $1,073 $24,800 $0 $0
2017 $1,081 $24,800 $0 $0
2016 $969 $24,800 $0 $0
2015 $1,009 $24,800 $0 $0
2014 $996 $24,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 For Sale $3,804,000 -- --
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Source: Public Records

Source: Bright MLS

MLS Number: DESU2025854

Bright MLS

APN: 134-15.00-15.01