NOT LISTED FOR SALE

8 Broadkill Rd Milton, DE 19968

Estimated Value: $494,000 - $1,418,000

0.11 Acre
$8,204,064 Price per Acre
4,792 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $400,000

Est. 126% increase in value since last sale

Current estimated payment $4,889/month

628 Days on Market

Highlights

  • Water Oriented
  • Bay View
  • No HOA
  • H.O. Brittingham Elementary School Rated A
  • Property fronts the bay but unit may not have water views

About This Lot

As of March 2023

GREAT LOT TO BUILD YOUR CUSTOM BEACH HOME WITH VIEWS OF THE DELAWARE BAY. Just 2 lots away from the public beach crossover. Build your summer home, vacation rental or full time residence on this wonderful lot with no builder tie in. Watch beautiful sunrises and sunsets just steps away from the beach. Looking to get out on the town? Lot is located just a short drive from downtown Milton, Lewes, and the Rehoboth Boardwalk. Site evaluation has been completed and is on file. Contact us for more information.

Last Agent to Sell the Property

Julie Gritton

(302) 645-1111 julie@selltheshore.com Coldwell Banker Premier - Lewes License #RA-0031139 Listed on: 05/27/2021

Coldwell Banker Premier - Lewes

Last Buyer's Agent

Bill Cullin

(302) 841-7147 bill.cullin@longandfoster.com Long & Foster Real Estate, Inc. License #RS0018675

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Property fronts the bay but unit may not have water views
  • Cleared Lot
  • Property is zoned RESB-1, Residential/B1

Utilities

  • Not Applied For Permit
  • Phone Available
  • Cable TV Available

Additional Features

  • Bay Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 235-04.13-93.00

Community Details

Overview

  • No Home Owners Association
  • Broadkill Beach Subdivision

Recreation

  • Water Oriented
  • Property near a bay

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Historic: No
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 88.69

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Paved
  • View: Bay
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Not Applied For Permit
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Water Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Cleared
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Zoning: RESB-1
  • Zoning Description: Residential/B1
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

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

Tax Info

  • School Tax: 64.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 71.00
  • Assessor Parcel Number: 235-04.13-93.00
  • Tax Lot: 7
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Mar 31, 2023
Sold by
Patricia Thompson Burke Revocable Trust
Bought by
Ken Jonathan and Ken Kimberly M
Seller's Agent
Julie Gritton
Coldwell Banker Premier - Lewes
Buyer's Agent
Bill Cullin
Long & Foster Real Estate, Inc.
List Price
$350,000
Sold Price
$400,000
Premium/Discount to List
$50,000
14.29%
Views
143
Current Estimated Value
$902,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,447
Avg. Annual Appreciation
35.32%
Original Mortgage
$917,600
Outstanding Balance
$890,657
Interest Rate
6.5%
Mortgage Type
Construction
Estimated Equity
$11,790
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ken Jonathan $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ken Jonathan $917,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $400,000 -5.9% --
03/04/2022 03/04/22 Price Changed $425,000 +21.4% --
05/27/2021 05/27/21 For Sale $350,000 -- --
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 $1,703 $1,500 $1,500 $0
2024 $1,718 $1,500 $1,500 $0
2023 $74 $1,500 $1,500 $0
2022 $71 $1,500 $1,500 $0
2021 $71 $1,500 $1,500 $0
2020 $70 $1,500 $1,500 $0
2019 $71 $1,500 $1,500 $0
2018 $66 $1,500 $0 $0
2017 $63 $1,500 $0 $0
2016 $60 $1,500 $0 $0
2015 $57 $1,500 $0 $0
2014 $57 $1,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julie Gritton

    Seller's Agent in 2023

    Julie Gritton

    Coldwell Banker Premier - Lewes

    (302) 645-1111

    84 in this area

    365 Total Sales

    Julie Gritton
    Section Image
  • Bill Cullin

    Buyer's Agent in 2023

    Bill Cullin

    Long & Foster

    (302) 841-7147

    12 in this area

    178 Total Sales

    Bill Cullin
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU183918

Bright MLS

APN: 235-04.13-93.00

Delaware Sussex County Milton 19968

8 Broadkill Rd, Milton, DE

Not Listed for Sale

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