300 UNION CHURCH RD Under Contract Save Request In-Person Tour Request Virtual Tour
Townsend,DE 19734
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,175 sqft
Price per Sqft $1,011
Subdivision None Available
MLS Listing ID DENC2068878
Bedrooms 3
Full Baths 1
Year Built 1900
Annual Tax Amount $1,877
Tax Year 2022
Lot Size 186.900 Acres
Property Description
Up for sale is the Twin Oaks Farm in Townsend, DE for $2.2m. The farm is 187 +/- acres at 300 Union Church Rd. Townsend, DE 19734. The scenic land borders Blackbird Creek to the south and a small piece of Rt 1 to the west. The convenient location is 5 miles to Middletown, 24 miles to Wilmington, and 45 miles west to the Bay Bridge or North to Philadelphia. The farmhouse was constructed in 1900 and was recently renovated. The kitchen still needs completing. The property has a 7-acre pond, fencing, barns, and privacy. A 7,000sqft barn is in the process of being converted to a second residence, rental housing for added income, or an amazing entertainment venue. A 40 +/- acre solar lease is pending on the property for added income with significant upside for an investor. Pro forma cap rate on potential residential leasing, the farm lease in place, and the future solar field is estimated at 8.5.
Sellers are asking for cash-buyers only. Property will be sold in ?As-is? condition with no warranty express or implied. All showings must be scheduled in advance.
Location
State DE
County New Castle
Area South Of The Canal (30907)
Zoning SR
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Central A/C
Fireplaces Number 1
Exterior
Waterfront N
Water Access N
Building
Story 2
Foundation Crawl Space
Sewer Septic Exists
Water Well
New Construction N
Schools
School District Appoquinimink
Others
Special Listing Condition Standard