NOT LISTED FOR SALE

508 Old Telegraph Rd Middletown, DE 19709

Estimated Value: $1,390,633

12.09 Acres
$115,023 Price per Acre
526,640 Sq Ft Lot

Last Sold January 30, 2023

Last sale price $395,000

Est. 252% increase in value since last sale

Current estimated payment $8,706/month

1,558 Days on Market

Highlights

  • 12.09 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Appoquinimink High School Rated A

About This Lot

As of January 2023

Great opportunity to build your dream home with NO builder tie in. Private road with only five homesites. Tranquil setting zoned Suburban Reserve, it is an area designed to preserve large amounts of open space for each buyer. Incentives by the county are provided for open space land that can be farmed or used for agricultural use. Contact NCC Land Use for additional information. No formal survey is available at this time. Well and septic needed which is common in area. Feaseability study to be paid for by the buyer. There are five parcels for sale with each buyer owning 20% (1/5) of private road. Seller will begin road improvements when one lot is purchased. Entire parcel of five lots may be purchased for 1.5 million. Preliminary sub-division plans are on file. Contact listing agent with any questions or to tour lots.

Last Agent to Sell the Property

Victoria Loesch

(302) 242-9382 victoria.loesch@gmail.com Patterson-Schwartz-Middletown Listed on: 08/01/2018

Patterson-Schwartz-Middletown

Last Buyer's Agent

Andrea Harrington

andrea@alhrealtygroup.com Compass License #RA-0020228

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $641

Lot Details

  • 12.09 Acre Lot
  • Property is zoned SR-UD

Additional Features

  • En-Suite Primary Bedroom
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 004
  • Assessor Parcel Number 13-026.00-004

Property Details

Property Type

Land

Est. Annual Taxes

$641

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 0.81

Exterior Features

  • 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 Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Acres: 12.09
  • Lot Dimensions: 0, LotWidth:1
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 526640.00
  • Zoning: SR-UD
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2360224
  • Tax Annual Amount: 641.00
  • Assessor Parcel Number: 13-026.00-004
  • Tax Lot: 004
  • Tax Year: 2017

MLS Schools

  • School District Name: APPOQUINIMINK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
Jan 23, 2023
Sold by
Lindstrom Duane and Lindstrom Kathryn R
Bought by
Allen Robert Michael and Allen Maria Luciana
Seller's Agent
Victoria Loesch
Patterson-Schwartz-Middletown
Buyer's Agent
Andrea Harrington
Compass
List Price
$425,000
Sold Price
$395,000
Premium/Discount to List
-$30,000
-7.06%
Current Estimated Value
$1,390,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$995,633
Avg. Annual Appreciation
58.31%
Original Mortgage
$316,000
Outstanding Balance
$305,701
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$1,084,932

Purchase Details

Closed on
Nov 3, 2006
Sold by
Lindstrom Duane
Bought by
Lindstrom Duane

Purchase Details

Closed on
Feb 23, 2006
Sold by
Rehoboth Exchange Properties Llc
Bought by
Lindstrom Duane

Purchase Details

Closed on
Dec 20, 2005
Sold by
Crawford Harry M
Bought by
Rehoboth Exchange Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 21, 2003
Sold by
Crawford Harry M and Crawford Keith V
Bought by
Crawford Harry M
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
Allen Robert Michael -- --
Lindstrom Duane $15,000 None Available
Lindstrom Duane $15,000 None Available
Lindstrom Duane $15,000 None Available
Lindstrom Duane $15,000 None Available
Lindstrom Duane $15,000 None Available
Lindstrom Duane -- None Available
Rehoboth Exchange Properties Llc $850,000 None Available
Crawford Harry M $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Robert Michael $316,000
Previous Owner Rehoboth Exchange Properties Llc $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2023 01/30/23 Sold $395,000 -7.1% --
11/06/2022 11/06/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $425,000 +7.6% --
07/11/2022 07/11/22 Off Market $395,000 -- --
07/29/2019 07/29/19 For Sale $425,000 +7.6% --
07/26/2019 07/26/19 Off Market $395,000 -- --
08/01/2018 08/01/18 For Sale $425,000 -- --
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 -- $35,200 $35,200 $0
2023 -- $35,200 $35,200 --
2022 $0 $35,200 $35,200 $0
2021 $0 $35,200 $35,200 $0
2020 $0 $35,200 $35,200 $0
2019 $0 $35,200 $35,200 $0
2018 $0 $35,200 $35,200 $0
2017 -- $35,200 $35,200 $0
2016 -- $35,200 $35,200 $0
2015 -- $35,200 $35,200 $0
2014 -- $35,200 $35,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002141008

Bright MLS

APN: 13-026.00-004