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.
Sold for $756,000
$756,000
5659 Penney Creek Rd, Greenwood, DE 19950
3beds
1,904sqft
Single Family Residence
Built in 1987
71.93 Acres Lot
$738,600 Zestimate®
$397/sqft
$1,950 Estimated rent
Home value
$738,600
$702,000 - $776,000
$1,950/mo
Zestimate® history
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$4,303/mo
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List your homeWhat's special
Two distinct living quartersWash bayClassic farmhouseElectric heatWindow ac unitsThree bedroomsOn-site bathroom
Zillow last checked:
Listing updated:
Listed by:
Russell Griffin 302-856-1458,
Keller Williams Realty,
Listing Team: The Griffin Higgins Team, Co-Listing Agent: Beverly Mister 302-236-5304,
Keller Williams Realty
Bought with:
Ms. TAMARA L SHANER, 5022628
Coldwell Banker Realty
Source: Bright MLS,MLS#: DESU2102780
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Other, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,904
- Total interior livable area: 1,904 sqft
- Finished area above ground: 1,904
- Finished area below ground: 0
Property
Parking
- Parking features: Other
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: Two
- Stories: 2
- Has private pool: Yes
- Pool features: Above Ground, Private
Lot
- Size: 71.93 Acres
Details
- Additional structures: Above Grade, Below Grade, Outbuilding
- Parcel number: 53008.0023.00
- Zoning: AR-1
- Special conditions: Real Estate Owned
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse/National Folk
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Crawl Space
Condition
- Fixer
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Septic Exists
- Water: Private, Well
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Greenwood
Financial & listing details
- Price per square foot: $397/sqft
- Tax assessed value: $676,800
- Annual tax amount: $1,155
- Date on market: 1/12/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Sold | $756,000$397/sqft |
Source:  Bright MLS #DESU2102780 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,408 +8.7% | $338,400 +2202% |
| 2024 | $1,295 +0% | $14,700 |
| 2023 | $1,294 +4.8% | $14,700 |
| 2022 | $1,235 +0.5% | $14,700 |
| 2021 | $1,228 +0.3% | $14,700 |
| 2020 | $1,224 | $14,700 |
| 2019 | $1,224 0% | $14,700 |
| 2018 | $1,224 +7% | $14,700 |
| 2017 | $1,144 +36.9% | $14,700 |
| 2016 | $836 -0.9% | $14,700 |
| 2015 | $843 +0.9% | $14,700 |
| 2014 | $836 | $14,700 |
Find assessor info on the county website
Neighborhood: 19950
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Nearby schools
GreatSchools rating
- NAWoodbridge Early Childhood Education CenterGrades: PK-2Distance: 3.7 mi
- 2/10Woodbridge Middle SchoolGrades: 6-8Distance: 5.5 mi
- 2/10Woodbridge High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- District: Woodbridge
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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Estimated market value
$738,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$738,600
- Delaware
- Sussex County
- Greenwood
- 19950
- 5659 Penney Creek Rd
