🔥 Opportunity Knocks in Established Dover Community 🔥 240 Grinding Wheel Dr., Dover, DE Opportunity knocks for the savvy investor, contractor, or buyer looking to build equity. This property has experienced fire damage and is being sold in as-is condition, offering significant upside potential for renovation, resale, or rental income. Located in a well-established Dover neighborhood, this home sits on a desirable lot with strong comparable values in the surrounding area — making it a prime candidate for a strategic rehab project. Why This Property Makes Sense: Solid footprint and layout ready for reimagination Opportunity to customize finishes and maximize ARV Potential flip, rental, or long-term hold Convenient location near shopping, schools, Route 13, and Dover Air Force Base Limited inventory of investor-ready properties in this price range With the right vision and execution, this property could become a strong addition to any investment portfolio. Bring your contractor, your imagination, and your offer. Properties with this level of upside potential don’t last long. 📞 For additional details, access information, or to schedule a showing, contact an agent today.
Sold for $125,000
$125,000
240 Grinding Wheel Dr, Dover, DE 19904
3beds
1,827sqft
Single Family Residence
Built in 1996
5,271 Square Feet Lot
$-- Zestimate®
$68/sqft
$2,390 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,390/mo
Zestimate® history
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$574/mo
Est. payment
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Est. payment
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List your homeWhat's special
Solid footprint and layoutDesirable lot
Zillow last checked:
Listing updated:
Listed by:
Stephanie Lehane 302-659-1320,
RE/MAX Eagle Realty
Bought with:
Steven Schmidt, RB-0031118
RE/MAX Horizons
Source: Bright MLS,MLS#: DEKT2044388
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,827
- Total interior livable area: 1,827 sqft
- Finished area above ground: 1,827
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Front, Attached, Driveway, On Street
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 5,271 Square Feet
- Dimensions: 43.75 x 120.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: ED0505717022600000
- Zoning: RM1
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1996
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Millcreek
HOA
- Has HOA: No
Location
- Region: Dover
Financial & listing details
- Price per square foot: $68/sqft
- Tax assessed value: $255,600
- Annual tax amount: $1,515
- Date on market: 2/11/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $125,000-36.5%$68/sqft |
Source:  Bright MLS #DEKT2044388 Report a problem | ||
| 11/25/2025 | Sold | $196,854$108/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,502 +3.5% | $255,600 |
| 2024 | $1,451 +2% | $255,600 +429.2% |
| 2023 | $1,422 +3.4% | $48,300 |
| 2022 | $1,375 +3.8% | $48,300 |
| 2021 | $1,324 +3.5% | $48,300 |
| 2020 | $1,279 +5.8% | $48,300 |
| 2019 | $1,209 +9.5% | $48,300 |
| 2018 | $1,104 | $48,300 -2.4% |
| 2017 | $1,104 -1.1% | $49,500 |
| 2016 | $1,116 +0.1% | $49,500 |
| 2015 | $1,115 -0.3% | $49,500 |
| 2014 | $1,118 | $49,500 |
| 2012 | -- | $49,500 |
| 2011 | -- | $49,500 |
| 2010 | -- | $49,500 +2.5% |
| 2009 | -- | $48,300 |
| 2008 | -- | $48,300 |
| 2007 | -- | $48,300 |
| 2005 | -- | $48,300 |
| 2004 | -- | $48,300 |
| 2002 | -- | $48,300 |
| 2001 | -- | $48,300 |
| 2000 | $608 | $48,300 |
Find assessor info on the county website
Neighborhood: 19904
Nearby homes
- $299,5003 bd2 ba1.8k sqft238 Grinding Wheel Dr, Dover, DE 19904Off Market
- $293,0003 bd3 ba1.9k sqft242 Grinding Wheel Dr, Dover, DE 19904Off Market
- $295,3003 bd3 ba1.7k sqft236 Grinding Wheel Dr, Dover, DE 19904Off Market
- $290,8002 bd2 ba1.6k sqft234 Grinding Wheel Dr, Dover, DE 19904Off Market
- $336,2003 bd3 ba1 sqft244 Grinding Wheel Dr, Dover, DE 19904Off Market
- $324,9003 bd2 ba1.9k sqft245 Grinding Wheel Dr, Dover, DE 19904Off Market
- $318,4003 bd2 ba1.9k sqft15 Waterfall Dr, Dover, DE 19904Off Market
- $303,2003 bd2 ba1.9k sqft232 Grinding Wheel Dr, Dover, DE 19904Off Market
Nearby schools
GreatSchools rating
- 7/10North Dover Elementary SchoolGrades: K-4Distance: 1.1 mi
- 1/10Middle School of InnovationGrades: 6-8Distance: 1.8 mi
- NADover High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- District: Capital
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Delaware
- Kent County
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- 240 Grinding Wheel Dr
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