Seller's Agent in 2024
MATTHEW WRIGHT
Crown Homes Real Estate
(302) 283-9785
2 in this area
45 Total Sales
0 Paper Mill Rd Unit DENC2031452 Newark, DE 19711
1.91
Acres
--
Price per Acre
83,200
Sq Ft Lot
Highlights
- 1.91 Acre Lot
- No HOA
- 5-minute walk to Curtis Mill Park
- Property is near a park
About This Lot
As of July 2024Prime 1.9 Acre Wooded Oasis in the heart of Newark.
Nestled amid the vibrant City of Newark, this remarkable 1.9+/- acre wooded parcel is a hidden gem offering a world of possibilities. Located in close proximity to the University of Delaware, this property presents a golden opportunity for investors and developers seeking to make their mark in this bustling community.
Property Highlights:
Size: Approximately 1.9 acres of lush, wooded terrain, providing a natural sanctuary within city limits.
Location: Situated right in the heart of Newark, this property offers unparalleled convenience. It's within easy walking distance to most of the University of Delaware, making it an ideal location for student housing.
Versatility: The property's zoning was surveyed as 50% Residential and 50% Industrial, offering a versatile canvas for your vision. Whether you dream of creating student housing, a parking lot, or a storage facility, this land can accommodate a variety of purposes.
Access: Convenient road access via Paper Mill Road ensures ease of transportation to and from the property.
Zoning Correction: The seller is committed to working with the new owner to correct the zoning, aligning it with the surveyed residential/industrial designation.
Surrounded by Opportunities: This parcel enjoys a convenient location between N. College Ave and Papermill Rd, at the intersection of Creek View Rd. It's flanked by 16 residential properties to the North West, Kershaw Park to the North East, and Delmarva Power Station to the South. Situated between White Clay Creek and Delmarva Power Station, this property offers a unique blend of nature and urban proximity.
Entrance Easement: Delmarva Power holds an easement on the front footage to allow access to the Delmarva Power Station.
Don't miss your chance to secure this exceptional 1.9+/- acre parcel in the heart of Newark. Whether you're looking to invest, develop, or create a unique urban oasis, this property holds the key to a host of exciting opportunities. Don't miss out on this opportunity. Reach out today to explore the potential of this prime piece of real estate and turn your vision into reality!
Last Agent to Sell the Property
Crown Homes Real Estate License #RS003743 Listed on: 09/15/2022
Property Details
Property Type
- Land
Lot Details
- 1.91 Acre Lot
- Property is zoned 18PL, Parkland
Location
- Property is near a park
Utilities
- No Septic System
- Sewer Not Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 293
- Assessor Parcel Number 18-014.00-293
- $22 Front Foot Fee per year
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2024 07/24/24 | Sold | $355,000 | -21.1% | -- |
| 09/15/2022 09/15/22 | For Sale | $450,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: Bright MLS
MLS Number: DENC2031452
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