0 PAPER MILL ROAD, NEWARK, DE 19711 | MLS #DENC2031452 | Berkshire Hathaway HomeServices Fox & Roach
 
Listing provided courtesy of EXP Realty, LLC - MLS# DENC2031452MLS Provider

0 PAPER MILL ROADNEWARK, DE 19711

Vacant Land · 1.91 Acres

$450,000 ACTIVE

Overview

Time on Site:
550 days
Visits:
73

Prime 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!

View Map
08402

Facts & Features

  • Type Vacant Land
  • Lot 1.91 Acres

General

Association/HOA
  • Association: No
  • Condo/Coop Association: No
Listing Information
  • Dual Variable Compensation: No
  • Real Estate Owned: No
  • Short Sale: No
Business Information
  • Current Use: Vacant
Location/Region
  • Country: US
  • County: NEW CASTLE
  • County Or Parish: NEW CASTLE
  • In City Limits: Yes
  • MLS Area Major: Newark/Glasgow (30905)
Rent/Lease Information
  • Lease Considered: No
Tax Information
  • City/Town Tax: 1.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • School Tax: 3.00
  • Tax Annual Amount: $4.00
  • Tax Assessed Value: 100.00
  • Tax Year: 2022
General Information
  • Property Sub Type: Land
  • Property Type: Land
  • School District Name: CHRISTINA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2022
  • Zoning: 18PL

Interior

Parking Information
  • Garage: No
Building Interior
  • Central Air: No

Exterior

Lot Information
  • Additional Parcels: No
  • Lot Dimensions Source: Estimated
  • Lot Features: Backs - Parkland
  • Lot Size Acres: 1.91
  • Lot Size Dimensions: 1419 ft x 65 ft
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 83199.00
  • Lot Size Units: Square Feet
  • Road Surface Type: Gravel
  • Water Source: None
  • Wooded Area: 1.91
Waterfront/View
  • Water Oriented: No
  • Water View: No
  • Waterfront: No
General Information
  • Farm Land Area Source: Estimated
  • Farm Land Preservation: No
  • Horse: No
  • Sewer: No Sewer System, No Septic System
  • Water Access: No

Neighborhood

Community

19711 (NEWARK) Demographics
34
Median Age
1,942
Population Density (per sq. mile)
58%
College Educated
$78,818
Estimated Median Income
12,610
Estimated Total Home Owners
6,997
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$1,023,755
Median Sales Price
$429
Median Price per Square Foot
138
Properties Sold
40
New on Market
39
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
10/11/2022Source: BRIGHT MLS Added to Database
October 11, 2022