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5659 Penney Creek Rd, Greenwood, DE 19950

$756,000
: 3
BD
: 2
BA
: 1,904
SqFt

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Sold Price: $756,000
List Price: $775,000
Closing Date: Apr 14, 2026
Status: CLOSED
MLS#: DESU2102780
Bedrooms: 3
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Living Area: 1,904
Lot Size (Acres): 71.93
Style: Farmhouse
Year Built: 1987
County: Sussex
School District: Woodbridge

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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.

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Additional Information

Area: Northwest Fork Hundred (31012)
Subdivision: None Available
Building Name: None Available
Foreclosure: Yes
School District: Woodbridge
Exterior Features: Outbuildings
Heating: Other
Cooling: Window/Wall
Water: Private Well, Well
Sewer: Septic Tank