102 JOSHUA LANE, NEWARK, DE 19711 | MLS #DENC2052730 | Berkshire Hathaway HomeServices Fox & Roach
 
Listing provided courtesy of Coldwell Banker Realty - MLS# DENC2052730MLS Provider

102 JOSHUA LANENEWARK, DE 19711

Vacant Land · 2.28 Acres

$799,900 ACTIVE

Overview

Time on Site:
150 days
Visits:
10

This opportunity for a Builder/Contractor in The Historic Village of Phillips Mill presents a compelling prospect for those looking to invest in a distinctive luxury neighborhood. With 6 approved and developed lots, including 4 townhouse lots and 2 twins, there is a diverse range of housing options to cater to various preferences and needs. The mix of 17 homes, featuring mill homes, semi-detached homes, a 3-unit condo building, and a farmhouse, adds character to the neighborhood. All the necessary improvements have been completed, streamlining the building process for potential buyers. The convenience of having everything in place and ready for building permits simplifies the development process and reduces potential delays. The inclusion of building plans with the sale is a valuable addition. This not only saves time and effort for the buyer but also provides a clear vision for the potential development, enhancing the overall appeal of the offer. The property's short distance to the University of Delaware is a significant advantage. This proximity can attract a diverse range of potential residents, including faculty, and staff, making it an appealing location for various demographics. The mention of possible owner financing adds flexibility to the purchasing process. The package includes multiple lots (102, 104, 106, 108, 103, 105 Joshua Ln.), offering a comprehensive opportunity for a builder or contractor to make a substantial impact on the community. In conclusion, this property presents a great opportunity for a Builder/Contractor in a well-planned neighborhood. The combination of location, variety of housing options, ready-to-build status, included building plans, and possible seller financing makes this an attractive proposition for those looking to invest in a unique and upscale community.

View Map
08402

Facts & Features

  • Type Vacant Land
  • Lot 2.28 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: Residential
Location/Region
  • Country: US
  • County: NEW CASTLE
  • County Or Parish: NEW CASTLE
  • In City Limits: No
  • MLS Area Major: Newark/Glasgow (30905)
  • Subdivision Name: PHILLIPS MILL
Tax Information
  • Tax Annual Amount: $1,474.00
  • Tax Assessed Value: 41100.00
  • Tax Year: 2017
General Information
  • Property Sub Type: Land
  • Property Type: Land
  • School District Name: CHRISTINA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Zoning: RESID

Interior

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

Exterior

Lot Information
  • Additional Parcels: No
  • Lot Size Acres: 2.28
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 99317.00
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Water Source: Public
Waterfront/View
  • Water Oriented: No
  • Water View: No
  • Waterfront: No
General Information
  • Farm Land Preservation: No
  • Sewer: Public Sewer
  • Utilities: Electric Available,Natural Gas Available,Sewer Available,Water Available
  • 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
1/22/2024Source: BRIGHT MLS Price Reduction
$799,900 -9.7%
11/15/2023Source: BRIGHT MLS Added to Database
November 15, 2023