NOT LISTED FOR SALE

37111 Millsboro Hwy Millsboro, DE 19966

Estimated Value: $94,000 - $195,000

0.84 Acre
$180,558 Price per Acre
36,590 Sq Ft Lot

Last Sold January 12, 2024

Last sale price $89,900 $101 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $811/month

16 Days on Market

About This Lot

As of January 2024

Here is your opportunity to purchase approximately .83 +/- acres of cleared land in the heart of Gumboro with road frontage on Millsboro Highway as well as Firemans Road. The property is improved by a 38x24 3 car garage. Additionally, the property as an approved septic permit for a LPP septic system. A new well will be required. The property is conveniently located and is only a short drive from Salisbury, Maryland and all of the shopping, dining and amenities that it offers. Seller is a licensed real estate agent in the State of Delaware. Don't let this opportunity slip away. Welcome home to Gumboro!

Last Agent to Sell the Property

Cindy Joseph

(302) 462-8682 cindy.joseph@indianriverland.com INDIAN RIVER LAND CO License #RS0038225 Listed on: 11/13/2023

Last Buyer's Agent

Ashley Brosnahan

(302) 841-4200 ashley@bethanybeach-homes.com Long & Foster Real Estate, Inc. License #RA-0031206

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $201

Lot Details

  • 0.84 Acre Lot
  • Lot Dimensions are 175.00 x 210.00
  • Property is zoned AR-1

Utilities

  • Septic Permit Issued

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 37111
  • Assessor Parcel Number 333-11.00-16.00

Property Details

Property Type

Land

Est. Annual Taxes

$201

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 2.59

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 Permit Issued

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.84
  • Lot Dimensions: 175.00 x 210.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 36590.00
  • Zoning: AR-1
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 179.00
  • Tax Annual Amount: 201.00
  • Assessor Parcel Number: 333-11.00-16.00
  • Tax Lot: 37111
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2023
Closed on
Jan 11, 2024
Sold by
Joseph Barry
Bought by
Schroeder Nicholas H
Seller's Agent
Cindy Joseph
INDIAN RIVER LAND CO
Buyer's Agent
Ashley Brosnahan
Long & Foster Real Estate, Inc.
List Price
$94,900
Sold Price
$89,900
Premium/Discount to List
-$5,000
-5.27%
Views
30
Current Estimated Value
$151,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,769
Avg. Annual Appreciation
33.93%
Original Mortgage
$71,920
Outstanding Balance
$70,724
Interest Rate
7.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
$80,945

Purchase Details

Listed on
Sep 30, 2022
Closed on
Feb 16, 2023
Sold by
Smith Clifford S
Bought by
Joseph Barry
Seller's Agent
Marcie Smith
Keller Williams Realty
Buyer's Agent
Cindy Joseph
INDIAN RIVER LAND CO
List Price
$85,000
Sold Price
$73,000
Premium/Discount to List
-$12,000
-14.12%
Views
310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.03%

Purchase Details

Closed on
Dec 1, 1992
Bought by
Smith Clifford S and Smit Marcie L
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
Schroeder Nicholas H $89,900 None Listed On Document
Joseph Barry $73,000 --
Smith Clifford S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schroeder Nicholas H $71,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/12/2024 01/12/24 Sold $89,900 -5.3% $101 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/13/2023 11/13/23 For Sale $94,900 +30.0% $106 / Sq Ft
02/16/2023 02/16/23 Sold $73,000 -14.1% $82 / Sq Ft View Prior Sale
01/21/2023 01/21/23 Pending -- -- --
09/30/2022 09/30/22 For Sale $85,000 -- $95 / 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 $155 $4,950 $1,500 $3,450
2024 $213 $4,950 $1,500 $3,450
2023 $213 $4,950 $1,500 $3,450
2022 $222 $4,950 $1,500 $3,450
2021 $216 $4,950 $1,500 $3,450
2020 $207 $4,950 $1,500 $3,450
2019 $194 $4,950 $1,500 $3,450
2018 $203 $4,950 $0 $0
2017 $205 $4,950 $0 $0
2016 $182 $4,950 $0 $0
2015 $188 $4,950 $0 $0
2014 $184 $4,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Cindy Joseph

    INDIAN RIVER LAND CO

    (302) 462-8682

    4 in this area

    10 Total Sales

    Cindy Joseph
    Section Image
  • Ashley Brosnahan

    Buyer's Agent in 2024

    Ashley Brosnahan

    Long & Foster

    (302) 841-4200

    42 in this area

    386 Total Sales

    Ashley Brosnahan
    Section Image
  • Mikaela Brosnahan

    Buyer Co-Listing Agent in 2024

    Mikaela Brosnahan

    Long & Foster

    (302) 841-8755

    12 in this area

    84 Total Sales

    Mikaela Brosnahan
    Section Image

  • M

    Seller's Agent in 2023

    Marcie Smith

    Keller Williams Realty

    (302) 841-3987

    2 in this area

    13 Total Sales

    Marcie Smith
    Section Image
  • Sean Steward

    Seller Co-Listing Agent in 2023

    Sean Steward

    Century 21 Home Team Realty

    (302) 381-1085

    2 in this area

    78 Total Sales

    Sean Steward
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2051656

Bright MLS

APN: 333-11.00-16.00

Delaware Sussex County Millsboro 19945

37111 Millsboro Hwy, Millsboro, DE

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