ENLARGE

50 Acres Mount Joy Rd
Millsboro, DE 19966

For Sale $5,000,000
  • Status Active
  • Residential Land
  • MLS# DESU2032790

Get More Info

More property info for 50 Acres Mount Joy Rd

Property Description
  • Artesian to supply both the water & sewer. Activity in this area for development is ongoing. Property is mostly wooded, with mature trees. The area is rural, but close to everything that the 2nd home buyer or local families desire. No heavy traffic, no night noises from living near downtown. A very beautiful rectangular 50 acre parcel within 20 minutes to the beaches. Water & Sewer update, quoting from Artesian VP: "In order to provide wastewater service to this property, the property owner would need to fund a sewer force main extension to convey the wastewater from this parcel to our (Artesian's) existing system. This is currently 3 – 4 miles away and likely more than $1M to extend. There is a chance that withing a few years other development projects in the area will lead to sewer and water infrastructure closer to parcel 234-20.00-22.00."
Exterior Details
  • Lot Features: Level, Trees/Wooded
  • Lot Size Acres: 50.00
  • Lot SQFT: 2178000.00
  • Navigable Water YN: No
  • View: Trees/Woods
Community Information
  • County: SUSSEX
  • HOA YN: No
  • MLS Area: Indian River Hundred (31008)
  • Zoning: AR-1
School Details
  • Elementary School: GEORGETOWN
  • High School: INDIAN RIVER
  • Middle Or Junior School: INDIAN RIVER HIGH SCHOOL
  • School District Name: INDIAN RIVER
Property Information From MLS Data
  • DOM: 507
  • Property Sub Type: Other
  • Vacation Rental YN: No
Financial Information
  • Sale Type: Standard
Utilities
  • Sewer Septic: Not Applied for Permit
  • Utilities: None
  • Water Source: None
Listing Office
  • List Agent Full Name: SANDRA L WARE
  • List Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • List Office Phone: 3022276101

50 Acres Mount Joy Rd Map Location

50 Acres Mount Joy Rd, Millsboro, DE 19966

Monthly Payment for 50 Acres Mount Joy Rd

This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Loan Type: 30 year fixed at 7.00%
Price: $5,000,000
Down Payment: - $1,000,000 (20%)
Loan Amount: = $4,000,000
Principal & Interest: +
Property Taxes: + (1.5%)
Homeowner's Insurance: +
Mortgage Insurance - PMI: +
Total Payment: =
20%
Down Payment
7.00%
Rate




Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty

Information obtained from Bright MLS is current as of 4/30/2024 8:42 AM.

©2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.®. Equal Housing Opportunity.;
Ok
www.penfedrealty.com Learn more about our Cookie Policy or Privacy Policy.