Prime Opportunity in Magnolia – Ready for a Fresh Start! Discover the potential in this 0.44-acre lot located in a quiet, established neighborhood on East Cherry Drive. The former home on the property was damaged by fire and remains on site, offering a unique opportunity for a buyer ready to clear and rebuild. This parcel is priced accordingly to reflect the need for cleanup — making it a great investment for builders, investors, or visionaries looking to start fresh and design a custom home from the ground up. Highlights include: Nearly half an acre of land in a desirable residential area. Established neighborhood with nearby schools, shopping, and commuter routes. Public utilities available (buyer to verify). Ideal for new construction or future development. Bring your plans and imagination — this lot is ready for a new beginning at an unbeatable value.
Sold for $75,000
$75,000
157 Cherry Dr W, Magnolia, DE 19962
--beds
--baths
0.44Acres
Unimproved Land
Built in ----
0.44 Acres Lot
$98,600 Zestimate®
$--/sqft
$1,212 Estimated rent
Home value
$98,600
$76,000 - $127,000
$1,212/mo
Zestimate® history
Owner options
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$1,212/mo
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$1,212/mo
Rent Zestimate®
Refinance and save
$345/mo
Est. payment
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$345/mo
Est. payment
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List your homeWhat's special
Quiet established neighborhood
Zillow last checked:
Listing updated:
Listed by:
Lillian Harrison 302-381-7053,
Harmon & Assoc. Real Estate Sales & Services LLC
Bought with:
Ashley Lyon, RS-0023624
Keller Williams Realty Central-Delaware
Source: Bright MLS,MLS#: DEKT2042376
Facts & features
Property
Lot
- Size: 0.44 Acres
Details
- Parcel number: NM0011203022800000
- Zoning: RMH
- Zoning description: Residential Manf/Home
- Special conditions: Standard
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & neighborhood
Location
- Region: Magnolia
Other
Other facts
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Sold | $75,000 |
Source:  Bright MLS #DEKT2042376 Report a problem | ||
| 12/3/2025 | Contingent | $75,000 |
Source: Bright MLS #DEKT2042376 Report a problem | ||
| 11/6/2025 | Listed for sale | $75,000+400% |
Source: Bright MLS #DEKT2042376 Report a problem | ||
| 6/25/2010 | Sold | $15,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16 +0.1% | $900 |
| 2024 | $16 -75.1% | $900 -55% |
| 2023 | $63 +4.8% | $2,000 |
| 2022 | $60 +0.7% | $2,000 |
| 2021 | $59 +1.3% | $2,000 |
| 2020 | $59 +3.3% | $2,000 |
| 2019 | $57 +2.9% | $2,000 |
| 2018 | $55 -90.3% | $2,000 |
| 2017 | $566 +23.8% | $2,000 |
| 2016 | $458 | $2,000 |
| 2015 | -- | $2,000 |
| 2014 | -- | $2,000 |
| 2012 | -- | $2,000 |
| 2011 | -- | $2,000 |
| 2010 | -- | $2,000 |
| 2009 | -- | $2,000 |
| 2008 | -- | $2,000 |
| 2007 | -- | $2,000 |
| 2005 | -- | $2,000 |
| 2004 | -- | $2,000 |
| 2002 | -- | $2,000 |
| 2001 | -- | $2,000 |
| 2000 | $291 | $2,000 |
Find assessor info on the county website
Neighborhood: 19962
Nearby schools
GreatSchools rating
- NAMcilvaine (J. Ralph) Early Childhood CenterGrades: KDistance: 2.8 mi
- 4/10Magnolia Middle SchoolGrades: 6-8Distance: 2.8 mi
- 6/10Caesar Rodney High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- District: Caesar Rodney
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Delaware
- Kent County
- Magnolia
- 19962
- 157 Cherry Dr W
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