NOT LISTED FOR SALE

940 Port Penn Rd Middletown, DE 19709

Odessa Neighborhood

Estimated Value: $90,508

11 Acres
$8,228 Price per Acre
479,160 Sq Ft Lot

Last Sold November 02, 2022

Last sale price $80,000

Est. 13% increase in value since last sale

Current estimated payment $569/month

127 Days on Market

About This Lot

As of November 2022

If you are looking for your own land to farm or hunt, there is no need to look any further. For decades this land has been farmed and hunted. It is surrounded by land owned by Delaware Wildlands. It cannot be built on because it is in a flood zone, unless the new owner would like to go through the process of petitioning FEMA to remove it from the flood map. It has never flooded, and we have feasibility studies showing it will perk in three places at least, but until it's removed from the FEMA map, it will be very difficult to convince the county to allow it to be built upon or subdivided. Land is priced accordingly because of the work required by new owner to get it approved to build on.

Last Agent to Sell the Property

Heidi Nequist

(302) 650-0197 heidi.nequist@compass.com Compass Listed on: 06/07/2022

Compass

Co-Listed By

Cammy Jamison

(302) 584-1316 cammy.jamison@compass.com Compass

Last Buyer's Agent

Kathy Melcher

(302) 379-3351 klmelcher@msn.com Coldwell Banker Rowley Realtors License #RS-0019961

Coldwell Banker Rowley Realtors

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $523

Lot Details

  • 11

Additional Features

  • 11 Acre Lot
  • Flood Risk
  • Well Required

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$523

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Hunting, Agriculture
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: Yes
  • Remarks Public: If you are looking for your own land to farm or hunt, there is no need to look any further. For decades this land has been farmed and hunted. It is surrounded by land owned by Delaware Wildlands. It cannot be built on because it is in a flood zone, unless the new owner would like to go through the process of petitioning FEMA to remove it from the flood map. It has never flooded, and we have feasibility studies showing it will perk in three places at least, but until it's removed from the FEMA map, it will be very difficult to convince the county to allow it to be built upon or subdivided. Land is priced accordingly because of the work required by new owner to get it approved to build on.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 0.25
  • Street Number Modifier: 940

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
  • Water Source: Well Required

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: COLONIAL
  • School District Key: 300200396891
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Acres: 11.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 479160.00
  • Perc Sites: 3
  • Year Assessed: 2021
  • Zoning: S
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 523.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2021
  • Close Date: 11/02/2022

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Nov 1, 2022
Sold by
Fortner Justin C
Bought by
Lester Christopher N
Seller's Agent
Heidi Nequist
Compass
Buyer's Agent
Kathy Melcher
Coldwell Banker Rowley Realtors
List Price
$119,000
Sold Price
$80,000
Premium/Discount to List
-$39,000
-32.77%
Views
116
Current Estimated Value
$90,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,508
Avg. Annual Appreciation
4.13%

Purchase Details

Closed on
Dec 17, 2019
Sold by
Fortner Edward C and Fortner Clara Y
Bought by
Fortner Justin C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lester Christopher N -- None Listed On Document
Fortner Justin C -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $80,000 -32.8% --
10/12/2022 10/12/22 Pending -- -- --
10/03/2022 10/03/22 Price Changed $119,000 0.0% --
10/03/2022 10/03/22 For Sale $119,000 +48.8% --
09/17/2022 09/17/22 Off Market $80,000 -- --
08/15/2022 08/15/22 Price Changed $260,000 -27.8% --
07/21/2022 07/21/22 Price Changed $360,000 -4.0% --
06/28/2022 06/28/22 Price Changed $375,000 -6.2% --
06/07/2022 06/07/22 For Sale $399,999 -- --
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 -- $16,500 $16,500 $0
2023 -- $16,500 $16,500 --
2022 $0 $16,500 $16,500 $0
2021 $0 $16,500 $16,500 $0
2020 $0 $16,500 $16,500 $0
2019 $0 $16,500 $16,500 $0
2018 $0 $16,500 $16,500 $0
2017 -- $16,500 $16,500 $0
2016 -- $16,500 $16,500 $0
2015 -- $16,500 $16,500 $0
2014 -- $16,500 $16,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Heidi Nequist

    Seller's Agent in 2022

    Heidi Nequist

    Compass

    (302) 650-0197

    5 in this area

    101 Total Sales

    Heidi Nequist
    Section Image
  • Cammy Jamison

    Seller Co-Listing Agent in 2022

    Cammy Jamison

    Compass

    (302) 584-1316

    5 in this area

    72 Total Sales

    Cammy Jamison
    Section Image
  • Kathy Melcher

    Buyer's Agent in 2022

    Kathy Melcher

    Coldwell Banker Rowley Realtors

    (302) 379-3351

    8 in this area

    165 Total Sales

    Kathy Melcher
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC2025240

Bright MLS

APN: 13-009.00-055

Delaware New Castle County Middletown 19709 Odessa

940 Port Penn Rd, Middletown, DE

This home is located at 940 Port Penn Rd, Middletown, DE 19709 since 07 June 2022 and is currently estimated at $90,508. 940 Port Penn Rd is a home located in New Castle County with nearby schools including Southern Elementary School and Gunning Bedford Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes