389 School Ln
Smyrna, DE 19977
4 bd 2 ba 1,600 sqft Built 1975 Lot 7,405 sqft single_family
Most recent sale
$275,000
Feb 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 17, 2022 | Sold | $275,000 | MLS #DEKT2004538 |
| Nov 22, 2021 | Listed | $285,000 | MLS #DEKT2004538 |
| Oct 14, 2005 | Sold | $180,000 | MLS #4584394 |
| Aug 15, 2005 | Listed | $180,000 | MLS #4584394 |
| Feb 3, 1998 | Sold | $84,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $202,400 | $65,100 | $267,500 | $1,121 |
| 2024 | $202,400 | $65,100 | $267,500 | $1,128 |
| 2023 | $19,900 | $6,100 | $26,000 | $690 |
| 2022 | $19,900 | $6,100 | $26,000 | $658 |
| 2021 | $19,900 | $6,100 | $26,000 | $646 |
| 2020 | $19,900 | $6,100 | $26,000 | $564 |
| 2019 | $19,900 | $6,100 | $26,000 | $570 |
| 2018 | $19,900 | $6,100 | $26,000 | $570 |
| 2017 | $19,900 | $6,100 | $26,000 | $568 |
| 2016 | $19,900 | $6,100 | $26,000 | $576 |
| 2015 | $19,900 | $6,100 | $26,000 | $579 |
| 2014 | $19,900 | $6,100 | $26,000 | $541 |
| 2013 | $19,900 | $6,100 | $26,000 | $482 |
| 2012 | $19,900 | $6,100 | $26,000 | $466 |
| 2011 | $19,900 | $6,100 | $26,000 | $452 |
| 2010 | $19,900 | $6,100 | $26,000 | $450 |
| 2009 | — | — | $26,000 | $450 |
| 2008 | — | — | $26,000 | $417 |
Property facts
Year built
1975
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,600 sqft
Lot size
7,405 sqft
ZIP code
19977
City
Smyrna
Street
School Ln
Coordinates
39.30217, -75.61722
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,400
Gross rental yield
10.47%
Implied cap rate
6.81%
Trend-extrapolated value
—
Frequently asked questions
When did 389 School Ln last sell?
389 School Ln most recently sold on Feb 17, 2022 for $275,000.
What is the current tax assessment for 389 School Ln?
The most recent total assessment for 389 School Ln (year 2025) is $267,500 with $1,121 in property tax.
How does 389 School Ln's assessment compare to its last sale price?
The current assessment is 2.7% below the last sale price of $275,000.
When was 389 School Ln built?
389 School Ln was built in 1975.
How does 389 School Ln compare to others on School Ln?
We track 8 other properties on School Ln. Browse the list under "Other properties on School Ln" to compare beds, baths, and sale history.
What are the property facts for 389 School Ln?
389 School Ln is a 4 bed, 2 bath, 1,600 sqft, 7,405 sqft lot single_family.
Is 389 School Ln a flip candidate?
No — 389 School Ln does not appear in our flips dataset.
Is 389 School Ln a tax-appeal candidate?
No — 389 School Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.0%
Implied 1-yr
+4.0%
2026 Q3
$410.5K
2026 Q4
$414.4K
ZIP 19977 — Median Price History + Forecast
Explore nearby
Geography
Other properties on School Ln