5659 PENNEY CREEK RD, Greenwood, DE 19950 – DESU2102780

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Russell Griffin • Keller Williams Realty

$875,000

Est. payment - /mo

3 Beds

2 Baths

1,904 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,904 sqft

Price per Sqft $459

Subdivision None Available

MLS Listing ID DESU2102780

Style Ranch/Rambler

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 1,904

Year Built 1987

Available Date 2026-01-13

Annual Tax Amount $1,155

Tax Year 2025

Lot Size 71.930 Acres

Acres 71.93

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Discover the untapped potential of this expansive 70+/- acre property, possibly suited for a horse training facility or a private country homestead. The property includes two distinct living quarters, providing options for owner-occupancy or consistent rental income. The classic farmhouse features three bedrooms and 1.5 bathrooms, while a separate 2-bedroom, 2-bathroom trailer is currently occupied by a tenant. Both residences are equipped with electric heat and window AC units. Each dwelling is serviced by its own dedicated well. There are several outbuildings on the property, including a wash bay and on-site bathroom. The property features a half-mile racetrack; while currently overgrown, the foundation remains, offering a straightforward restoration project to return it to its former glory. Supporting the land is a massive hay barn with high-volume storage and an expansive long shed that houses a shop and deep bays for tractor and equipment parking. This secondary workspace also includes a small office with a sink, great for administrative tasks or shop management. Property being sold as-is, where-is with no guarantees or warranties.

Location

State DE

County Sussex

Area Northwest Fork Hundred (31012)

Zoning AR-1

Rooms

Main Level Bedrooms 3

Interior

Hot Water Oil

Heating Other

Cooling Window Unit(s)

Fireplace N

Heat Source Electric

Exterior

Pool Above Ground

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Story 2

Foundation Crawl Space

Above Ground Finished SqFt 1904

Sewer Septic Exists

Water Private, Well

Architectural Style Ranch/Rambler

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Woodbridge

Others

Senior Community No

Tax ID 530-08.00-23.00

Ownership Fee Simple

SqFt Source 1904

Acceptable Financing Cash, Conventional

Horse Property Y

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Bank Owned/REO

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

5659 PENNEY CREEK RD Greenwood, DE 19950

Joseph Lam

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5659 PENNEY CREEK RD