$200,000
$239,900
16.6%For more information regarding the value of a property, please contact us for a free consultation.
121 ELLIS ST Millsboro, DE 19966
2.23 Acres Lot
Key Details
Sold Price $200,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1001031194
Sold Date 02/16/18
HOA Y/N N
Originating Board SCAOR
Annual Tax Amount $2,312
Lot Size 2.230 Acres
Acres 2.23
Lot Dimensions 186x314x321x343
Property Description
Just over 2 acres in-town Millsboro currently zoned Medium Residential! Property has potential for 6-7 building lots with a minimum lot size of 7,500 sq. ft. Current land lease on property has Initial term of 5 years (2017-2021) with quarterly rent of $5,400. Tenants then have 2 successive 5 year options with a 3% increase in rent each option term.
Location
State DE
County Sussex
Area Dagsboro Hundred (31005)
Exterior
Water Access N
Road Frontage City/County, Public
Garage N
Building
Lot Description Irregular
Sewer Public Sewer
Water Public, Public Hook-up Available
New Construction N
Schools
School District Indian River
Others
Tax ID 133-17.13-143.00
Ownership Fee Simple
SqFt Source Estimated
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Bought with BRYCE LINGO • Jack Lingo - Rehoboth