NOT LISTED FOR SALE

5050 Morgans Way Laurel, DE 19956

Estimated Value: $332,000 - $423,000

1 Acre
$387,333 Price per Acre
43,560 Sq Ft Lot

Last Sold April 19, 2021

Last sale price $72,500

Est. 434% increase in value since last sale

Current estimated payment $2,272/month

321 Days on Market

About This Lot

As of April 2021

Get ready to build! Here's your chance to purchase a beautiful lot in prestigious Cherry Walk Woods near Bethel. The pressure dose cap & fill septic system is already installed (see attached), and there is no builder tie-in.

Last Agent to Sell the Property

Randy Hill

The Real Estate Market License #RS-0017062 Listed on: 03/23/2020

Last Buyer's Agent

Peggy Bowden White

Long & Foster Real Estate, Inc. License #519264

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,283

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 174 x 250 x 172 x 250
  • Wooded Lot
  • Property is zoned AR-1 287

HOA Fees

  • $25 Monthly HOA Fees

Utilities

  • Pressure Dose
  • Septic Tank

Community Details

  • Cherry Walk Woods Subdivision

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 432-02.00-125.00

Property Details

Property Type

Land

Est. Annual Taxes

$1,283

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: West of Rt 13
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Get ready to build! Here's your chance to purchase a beautiful lot in prestigious Cherry Walk Woods near Bethel. The pressure dose cap & fill septic system is already installed (see attached), and there is no builder tie-in.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 1.72
  • Street Number Modifier: 5050

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, Pressure Dose

Condo/Co-op/Association

  • HOA Fees: 300.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Association Recreation Fee: No

Schools

  • School District: LAUREL
  • School District Key: 300200396897
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: RV
  • Lot Features: Trees/Wooded
  • Lot Size Acres: 1.00
  • Lot Dimensions: 174 x 250 x 172 x 250
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Year Assessed: 2019
  • Zoning: AR-1 287
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5220833
  • School Tax: 82.00
  • Tax Annual Amount: 90.00
  • Assessor Parcel Number: 432-02.00-125.00
  • Tax Lot: 38
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 04/19/2021

MLS Schools

  • School District Name: LAUREL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2020
Closed on
Mar 24, 2021
Sold by
Equity T Co
Bought by
Munoz Seth T and Munoz Brittany R
Seller's Agent
Randy Hill
The Real Estate Market
Buyer's Agent
Peggy Bowden White
Long & Foster Real Estate, Inc.
List Price
$75,000
Sold Price
$72,500
Premium/Discount to List
-$2,500
-3.33%
Current Estimated Value
$387,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,833
Avg. Annual Appreciation
49.17%
Original Mortgage
$412,150
Outstanding Balance
$382,210
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$14,457
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
Munoz Seth T $72,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munoz Brittany R $412,150
Closed Munoz Seth T $412,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $72,500 -3.3% --
02/07/2021 02/07/21 Pending -- -- --
03/23/2020 03/23/20 For Sale $75,000 -- --
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
2024 $1,283 $1,750 $1,750 $0
2023 $1,460 $1,750 $1,750 $0
2022 $88 $1,750 $1,750 $0
2021 $87 $1,750 $1,750 $0
2020 $89 $1,750 $1,750 $0
2019 $90 $1,750 $1,750 $0
2018 $98 $1,750 $0 $0
2017 $95 $1,750 $0 $0
2016 $101 $1,750 $0 $0
2015 $87 $1,750 $0 $0
2014 $77 $1,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Hill

    Seller's Agent in 2021

    Randy Hill

    The Real Estate Market

    (302) 236-3837

    79 in this area

    140 Total Sales

    Randy Hill
    Section Image
  • Peggy Bowden White

    Buyer's Agent in 2021

    Peggy Bowden White

    Long & Foster

    (410) 251-7847

    5 in this area

    30 Total Sales

    Peggy Bowden White
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU158614

Bright MLS

APN: 432-02.00-125.00

Delaware Sussex County Laurel 19956

5050 Morgans Way, Laurel, DE

This home is located at 5050 Morgans Way, Laurel, DE 19956 since 23 March 2020 and is currently estimated at $387,333. 5050 Morgans Way is a home located in Sussex County with nearby schools including North Laurel Elementary School, Laurel Elementary School, and Laurel Intermediate Middle School.

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