NOT LISTED FOR SALE

8493 Old Racetrack Rd Delmar, DE 19940

Estimated Value: $389,000 - $531,578

3 Beds
2 Baths
1,960 Sq Ft
$230/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $390,000 $199 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,450/month

68 Days on Market

Highlights

  • Boathouse
  • Guest House
  • Above Ground Pool
  • Parking available for a boat
  • Horses Allowed On Property
  • View of Trees or Woods

About This Home

As of March 2021

Incredible 23.45 Acre Property with lots of Outbuildings, Private Pond in sought after Delmar, DE with 3 BR, 2 BA Class C double wide home on foundation in good clean condition. Property fronts on Old Racetrack road but does have frontage on R. 54 as well. Survey available. Double wide features a large kitchen with island, tile backsplash, corner pantry, and open dining area with wood burning fireplace just off of the kitchen. Nice sized family room with pellet stove. Master bedroom with large master bathroom, 2 additional bedrooms and a hall bath. Septic inspection already completed and available for buyers. Huge outbuilding 56 x 40 , with 16' ceilings, insulated, office & bathroom, 13' tall 16' wide roll up door, 56 x 19 attached garage on the side. Farm hand or In-law cottage, 3 additional large storage buildings - see photos, amazing private pond and tillable land. Would be a gorgeous Horse Farm! PRIME LOCATION just off Rt. 54 close to everything, yet totally private, surrounded by nature, fields, trees and your own private pond, you get it all!

Last Agent to Sell the Property

Holly Campbell

Coldwell Banker Realty Listed on: 10/13/2020

Coldwell Banker Realty

Last Buyer's Agent

Amy Kellenberger

Active Adults Realty License #RS-0019891

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 1994

Lot Details

  • 23.43 Acre Lot
  • Waterfront
  • Private Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Backs to Trees or Woods

Parking

  • 6 Car Detached Garage
  • Driveway
  • Off-Street Parking
  • Parking available for a boat

Property Views

  • Pond
  • Woods

Home Design

  • Class C Property
  • Vinyl Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Free Standing Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Above Ground Pool
  • Water Access
  • Property is near a pond
  • Boathouse
  • Pond
  • Deck
  • Pole Barn
  • Utility Building
  • Outbuilding

Schools

  • Delmar Elementary And Middle School
  • Delmar High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Heating System Powered By Owned Propane
  • Propane
  • Well
  • Electric Water Heater
  • On Site Septic

Additional Features

  • Guest House
  • Crops Farm
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 532-19.00-12.10

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,001

Year Built

Built in 1994

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Structure Type: Manufactured
  • Architectural Style: Class C
  • Sussex De Quadrants: West of Rt 13
  • Ownership: Fee Simple
  • Exclusions: 1 shed, Pool, Gazeebo, Pellett stove
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-10-28
  • Federal Flood Zone: No
  • Year Built: 1994
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible 23.45 Acre Property with lots of Outbuildings, Private Pond in sought after Delmar, DE with 3 BR, 2 BA Class C double wide home on foundation in good clean condition. Property fronts on Old Racetrack road but does have frontage on R. 54 as well. Survey available. Double wide features a large kitchen with island, tile backsplash, corner pantry, and open dining area with wood burning fireplace just off of the kitchen. Nice sized family room with pellet stove. Master bedroom with large master bathroom, 2 additional bedrooms and a hall bath. Septic inspection already completed and available for buyers. Huge outbuilding 56 x 40 , with 16' ceilings, insulated, office & bathroom, 13' tall 16' wide roll up door, 56 x 19 attached garage on the side. Farm hand or In-law cottage, 3 additional large storage buildings - see photos, amazing private pond and tillable land. Would be a gorgeous Horse Farm! PRIME LOCATION just off Rt. 54 close to everything, yet totally private, surrounded by nature, fields, trees and your own private pond, you get it all!
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Fireplace Features: Wood, Free Standing
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1960
  • Living Area Sq Ft: 1960
  • Price Per Sq Ft: 209.13
  • Above Grade Finished Sq Ft: 1960
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8493

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Utility Building, Pole Barn, Guest House, Boat House
  • Construction Materials: Vinyl Siding
  • Exterior Features: Boat Storage, Outbuilding(s)
  • Pool Features: Above Ground
  • View: Pond, Trees/Woods
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 6.00
  • Garage: Yes
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 6
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Propane - Owned, Propane - Leased
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Propane
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: DELMAR
  • Elementary School: DELMAR
  • Middle School: DELMAR
  • High School: DELMAR
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200397427
  • School District Source: 3rd Party
  • Elementary School: DELMAR
  • High School: DELMAR
  • Middle Or Junior School: DELMAR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: Yes
  • Land Use Code: FH
  • Lot Features: Backs To Trees, Partly Wooded, Pond, Cleared, Crops Reserved, Private
  • Lot Size Acres: 23.43
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1020611.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5230614
  • School Tax: 911.00
  • Tax Annual Amount: 1001.00
  • Assessor Parcel Number: 532-19.00-12.10
  • Tax Total Finished Sq Ft: 1960
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/31/2021

MLS Schools

  • School District Name: DELMAR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Apr 1, 2021
Sold by
Old Racetrack Road Llc
Bought by
Gloriam Deo Llc
Seller's Agent
Holly Campbell
Coldwell Banker Realty
Buyer's Agent
Amy Kellenberger
Active Adults Realty
List Price
$439,900
Sold Price
$390,000
Premium/Discount to List
-$49,900
-11.34%
Current Estimated Value
$430,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,476
Avg. Annual Appreciation
1.12%
Original Mortgage
$243,000
Outstanding Balance
$221,762
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$187,594

Purchase Details

Listed on
Oct 13, 2020
Closed on
Mar 31, 2021
Sold by
Old Racetrack Road Llc
Bought by
Glariam Deo Llc
Seller's Agent
Holly Campbell
Coldwell Banker Realty
Buyer's Agent
Amy Kellenberger
Active Adults Realty
List Price
$439,900
Sold Price
$390,000
Premium/Discount to List
-$49,900
-11.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Outstanding Balance
$221,762
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$187,594

Purchase Details

Closed on
Apr 17, 2013
Sold by
Old Racetrack Road Llc
Bought by
Harrison Gary R and Reaser Charlene L

Purchase Details

Closed on
Apr 12, 2013
Sold by
Old Racetrack Road Llc
Bought by
Harrison Gary R and Reaser Charlene L
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Gloriam Deo Llc -- None Available
Glariam Deo Llc $390,000 None Available
Harrison Gary R $207,400 --
Harrison Gary R $207,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glariam Deo Llc $243,000
Previous Owner Old Racetrack Road Llc $280,000
Previous Owner Tidewater Management Co Inc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $390,000 -4.9% $199 / Sq Ft
12/20/2020 12/20/20 Pending -- -- --
12/03/2020 12/03/20 Price Changed $409,900 -4.7% $209 / Sq Ft
11/04/2020 11/04/20 Price Changed $429,900 -2.3% $219 / Sq Ft
10/13/2020 10/13/20 For Sale $439,900 -- $224 / 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
2024 $1,114 $20,250 $750 $19,500
2023 $1,101 $20,250 $750 $19,500
2022 $1,071 $20,250 $750 $19,500
2021 $1,135 $20,250 $750 $19,500
2020 $1,083 $20,250 $750 $19,500
2019 $1,088 $20,250 $750 $19,500
2018 $1,093 $20,250 $0 $0
2017 $1,047 $20,250 $0 $0
2016 $1,044 $20,250 $0 $0
2015 $1,088 $20,250 $0 $0
2014 $929 $20,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Holly Campbell

    Seller's Agent in 2021

    Holly Campbell

    Coldwell Banker Realty

    (443) 859-3090

    6 in this area

    102 Total Sales

    Section Image
  • Amy Kellenberger

    Buyer's Agent in 2021

    Amy Kellenberger

    Active Adults Realty

    (302) 381-7901

    1 in this area

    117 Total Sales

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU170918

Bright MLS

APN: 532-19.00-12.10

Delaware Sussex County Delmar 19940

8493 Old Racetrack Rd, Delmar, DE

This home is located at 8493 Old Racetrack Rd, Delmar, DE 19940 since 13 October 2020 and is currently estimated at $451,145, approximately $230 per square foot. This property was built in 1994. 8493 Old Racetrack Rd is a home located in Sussex County with nearby schools including Delmar Middle School, Delmar Elementary School, and Delmar High School.

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