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Off Market

1 South Old State Road

Georgetown DE 19947

32670 sq. ft.
Land
Last sold for $102,350
Dustin OldfatherDustin Oldfather, last sold this property on 15 October 2024 after 795 days on market.

Overview

Located on Old State Road just north of Georgetown and a short drive away from both Lewes and Rehoboth Beach, these five building lots provide a great spot for building your family home in Delaware's coastal region. The lots range in size from three-quarters of an acre to an acre-and-a-half. They feature no Homeowners Association fees or builder tie-ins, but minimum deed restrictions are in place and include the prohibition of mobile homes and a minimum size of home that can be constructed on the property. You can find these lots by traveling on Route 113 North from Georgetown and turning right on Old State Road South. The building lots will be about a quarter-mile on the right, just south of Shady Oak Lane. The current owner of the land has indicated that he's willing to negotiate a price with a builder or anyone else interested in buying all five lots in a package deal.

Features

32670 sq. ft. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Georgetown over the last 12 months, the estimated median property value of 1 South Old State Road is $141.25k.

Median value
$141.25k
Estimated value range
$58k - $837.5k
Median days on market
49
Estimated value trend
41%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Georgetown. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 South Old State Road

2024
Sold
$102,350
15 Oct 2024 by Dustin Oldfather, of Compass

Happy sellers in Georgetown

94%
94% of sellers in Georgetown reported that their sale price either exceeded or met their price expectations.

Georgetown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Georgetown over the last 12 months.

Local market activity for land plots in Georgetown

In the last 12 months, 29 land plots similar to 1 South Old State Road, have been sold.

This represents a 52% increase in land plots sales when compared to the previous 12 months.

Nearby agents

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Pierre Saez

Pierre Saez is a recommended agent for Georgetown.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (10 reviews)
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Terri Mestro

Sellers who recommend Terri Mestro have praised them for being local expert, responsive, clear communication, supportive, reliable, honest, and great negotiation

  •   5   (103 reviews)
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