Prime development opportunity in high-value Milton, Delaware. 49.2 acres +/- on Draper Rd. and Reynolds Rd. Farm house is included in sale. Zoned AR-1, agricultural/ residential. Property is largely cleared with some wooded area. Pls see Disclosure attachments for latest Boundary Survey Plan (June 2016), plus photos. Perk tests have been done on adjacent property and results were excellent for drainage (info provided by Seller). See photos for mapped location - property is in close proximity to Route 1, Coastal Highway and a short drive to the coastal towns of Lewes and Rehoboth Beach, Delaware. Excellent road frontage on both Reynolds Road and Draper Road, close to Union Street Extended.According to website city-data.com, the cost of living index in Milton is rated at 86.3 based on a national average of 100, indicating that cost of living is about 14% less than the U.S. average. Property is outside of Milton town limits. Condition of sale - farmer can harvest existing crops.
|DAYS ON MARKET||1,371||LAST UPDATED||3/2/2019|
|School District||CAPE HENLOPEN|
|Prior to Jul 16, '18||$4,305,000|
|Jul 16, '18 - Jan 15, '19||$3,930,000|
|Jan 15, '19 - Mar 2, '19||$3,444,000|
|Mar 2, '19 - Today||$2,952,000|
|LOT DESCRIPTION||Cleared, Corner, Irregular, Partly Wooded, Subdivision Possible|
|LOT DIMENSIONS||1159 x 2352|
|SEWER||No Sewer System|
TOTAL MONTHLY PAYMENT
Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2021 Sussex County Association of REALTORS®, Inc.
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