Property Attributes
- MLS#DENC2052730
- TypeLand
- CountyNEW CASTLE
- CityNewark
- AreaNewark-Glasgow
- NeighborhoodPhillips Mill
- Zip19711
- StyleResidential
- Taxes$ 1474
- Price$ 799,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.28 Acres
Data Source:
Bright MLS
Property Description
This opportunity for a Builder/Contractor in The Historic Village of Phillips Mill presents a compelling prospect for those looking to invest in a distinctive luxury neighborhood. With 6 approved and developed lots, including 4 townhouse lots and 2 twins, there is a diverse range of housing options to cater to various preferences and needs. The mix of 17 homes, featuring mill homes, semi-detached homes, a 3-unit condo building, and a farmhouse, adds character to the neighborhood. All the necessary improvements have been completed, streamlining the building process for potential buyers. The convenience of having everything in place and ready for building permits simplifies the development process and reduces potential delays. The inclusion of building plans with the sale is a valuable addition. This not only saves time and effort for the buyer but also provides a clear vision for the potential development, enhancing the overall appeal of the offer. The property's short distance to the University of Delaware is a significant advantage. This proximity can attract a diverse range of potential residents, including faculty, and staff, making it an appealing location for various demographics. The mention of possible owner financing adds flexibility to the purchasing process. The package includes multiple lots (102, 104, 106, 108, 103, 105 Joshua Ln.), offering a comprehensive opportunity for a builder or contractor to make a substantial impact on the community. In conclusion, this property presents a great opportunity for a Builder/Contractor in a well-planned neighborhood. The combination of location, variety of housing options, ready-to-build status, included building plans, and possible seller financing makes this an attractive proposition for those looking to invest in a unique and upscale community.
Price History | |
---|---|
11/15/2023 | Listed $885,900 |
1/22/2024 | 10% - $799,900 |
General Features
Sewer | Public Sewer |
---|---|
Utilities | Electric Available,Natural Gas Available,Sewer Available,Water Available |
Possession | Negotiable |
Zoning | RESID |
Property SubType | Land |
Tax Year | 2017 |
Current Use | Residential |
Percent Ownership | Fee Simple |
County | NEW CASTLE |
Property Type | Land |
HOA / Comm Assn | No |
Subdivision Name | PHILLIPS MILL |
Water Access Y/N | No |
Status | ACTIVE |
Directions | GPS |
ModificationTimestamp | 2024-01-22T09:25:23 |
City | NEWARK |
Buyer Agent Compensation | 2.5 |
MLS Area | Newark/Glasgow (30905) |
Lot Size Square Feet | 99317.00 |
Tax Assessed Value | 41100.0 |
Waterfront Y/N | No |
Street Name | JOSHUA |
Tax Annual Amount | 1474.0 |
Condo/Coop Association Y/N | No |
Price Per Sq Ft | 8.05 |
Additional Parcels Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 168 |
Standard Status | Active |
Legal Subdivision | HISTORIC VILLAGE OF PHILLIPS M |
Tax Lot | 253 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Street Suffix | LANE |
---|
Exterior Features
Water Source | Public |
---|---|
Water View Y/N | No |
Lot Size Acres | 2.28 |
Road Surface Type | Paved |
Lot Size Units | Square Feet |
Lot Size Source | Estimated |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool