157 Cherry Drive Magnolia, DE ^$ 75,000

157 Cherry Drive

^$ 75,000

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157 Cherry Drive

Magnolia, DE, 19962

^$ 75,000

Studio Baths0.0

Monthly Estimate*

^$ 468

157 Cherry Drive, Magnolia, DE 19962 - Image 1

Studio

Lots and Land for sale in Magnolia, DE

for $75,000. The lot size is 0.44.

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.

Lots and Land Contingent

Price

^$ 75,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 1,048

Style

Residential

Lot Size

0.44

Town/City

Magnolia

County/Region

Kent

MLS | Web ID

DEKT2042376

Features

General

Sewer On Site Septic

Possession Immediate

Zoning RMH

School District CAESAR RODNEY

Property Subtype Land

Tax Year 2025

Current Use Residential

Ownership Fee Simple

County KENT

Property Type Land

HOA N

Water Access Y/N N

Status ACTIVE UNDER CONTRACT

Directions Peachtree Run L. on Millchop R. on Cherry lot is on the left.

City MAGNOLIA

MLS Area Caesar Rodney (30803)

Lot Size Units Square Feet

Lot Size Square Feet 19166.00

Tax Annual Amount 1048.47

Price Per Sq Ft Total AG 3.91

Additional Parcels Y/N N

Vacation Rental Y/N N

Standard Status Active Under Contract

Exterior

Water Source Well

Water View Y/N N

Lot Size Acres 0.44

Lot Size Source Estimated

Waterfront Y/N N

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 157

* Excluded Features

List By

Harmon & Assoc. Real Estate Sales & Services Llc

Broker

lillian@harmonandassociatesrealestate.com

Affordability Calculator

$555

Per Month

Monthly Principal & Interest: $468
Monthly Property Taxes: $87
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Magnolia, DE

Average List Price ^$66,667

Percent of Sale Price 11%

About Magnolia, DE

227 Population

67% Since 2002

^$61,010 Median Income

39.17 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2317098 Elementary School

2317097 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/7/2025	$75,000		Listed Price

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157 Cherry Drive, Magnolia, DE, 19962 is a Lots and Land for sale at $75,000 with a lot size of 0.44. 157 Cherry Drive is a studio with 0.0 baths. The property's zip code is 19962 which is in Magnolia, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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157 Cherry Drive

Lots and Land for sale in Magnolia, DE

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