$699,900 Price Analysis   ♡   Newark, DE 19711 Unknown bed 0 bath unknown SqFt ($0/SqFt) 2.28 acre lot. Listed 2024-07-17 | Ⓧ USDA Ineligible due to property near Delaplane Manor |
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 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 fculty 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 exceptional 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.
Presented by Christopher Nolte at
Coldwell Banker Realty.
Property MLS #DENC2064946 from BrightMLS
Lot Size Square Feet: 99317
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: NEW CASTLE
Current Use: Residential
Ownership: Fee Simple
Source Property Type: Land
Area: NEW CASTLE
Source Neighborhood: PHILLIPS MILL
Subdivision: PHILLIPS MILL
Property Subtype: Land
Source System Name: C2C
$699,900
BrightMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.