Water Views
Address
77 Mimosa Lane, Elkton, MD
Price
$ 1,597,000
Property Attributes
- MLS#MDCC2011226
- TypeLand
- CountyCECIL
- CityElkton
- Zip21921
- StyleResidential
- Taxes$ 6597
- Price$ 1,597,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size31.71 Acres
Data Source:
Bright MLS
Property Description
Discover this exceptional opportunity to own a sprawling property in Elkton, Maryland, featuring not just one, but three ranch homes set on over 31 acres of picturesque land. This remarkable estate offers both vast open spaces and wooded areas, presenting a blend of rural charm and potential for subdivision. With the possibility of creating up to 7 individual lots (subject to Cecil County approval), this property is brimming with potential. In addition to subdivision opportunities, this estate offers various revenue-generating possibilities, including solar farming, leasing land for agriculture, and expanding an existing rental portfolio. Approximately 25 tillable acres are available for agricultural ventures, while the option to sell one home and its parcel separately also adds to the investment appeal. The estate features three single-family ranch homes. Previously utilized as rental properties, these homes are being sold 'as-is'. 1. 3-bedroom, 2-bathroom home with a basement 2. 3-bedroom, 2-bathroom home 3. 3-bedroom, 1-bathroom home At the heart of the estate is a tranquil pond, adding to the natural beauty and serenity of the area. Conveniently located with easy access to I-95, the property ensures effortless commutes. It's just a 30-minute drive to Wilmington and less than an hour from both Philadelphia and Baltimore. Whether you're seeking an investment opportunity, a vast expanse of land for outdoor activities, starting a farm, or building your dream home, this Elkton property is a perfect fit. Embrace the tranquility of nature and explore the potential for growth with this unique offering, now awaiting its new owner.
| Elementary School | Middle School | High School |
|---|---|---|
| Leeds Elementary School | Cherry Hill Middle School | North East High School |
| Price History | |
|---|---|
| 12/3/2023 | Listed $1,800,000 |
| 1/9/2024 | 3% - $1,750,000 |
| 2/6/2024 | 3% - $1,700,000 |
| 3/21/2024 | 7% - $1,597,000 |
General Features
| Sewer | Shared Septic |
|---|---|
| Possession | 0-30 Days CD,Immediate,Negotiable,31-60 Days CD |
| Zoning | NAR |
| View | Pond,Pasture,Scenic Vista,Trees/Woods,Water |
| Property SubType | Land |
| Tax Year | 2023 |
| Current Use | Residential |
| Percent Ownership | Fee Simple |
| County | CECIL |
| Property Type | Land |
| HOA / Comm Assn | No |
| Water Access Y/N | Yes |
| Status | ACTIVE |
| Directions | south on Union Church Road then right on Tonys Road the property is on your left (77 Mimosa Lane) |
| ModificationTimestamp | 2024-03-21T15:23:59 |
| City | ELKTON |
| Buyer Agent Compensation | 2.5 |
| Lot Size Square Feet | 1381288.00 |
| Tax Assessed Value | 591900.0 |
| Waterfront Y/N | No |
| Street Name | MIMOSA |
| Tax Annual Amount | 6597.0 |
| Condo/Coop Association Y/N | No |
| Clean Green Assessed Y/N | No |
| Price Per Sq Ft | 1.16 |
| Acceptable Financing | Cash,Conventional |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://www.youtube.com/watch?v=z5wmPajmYNE |
| Days on Market | 135 |
| Location Type | Rural |
| Standard Status | Active |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Street Suffix | LANE |
|---|
Exterior Features
| Water Source | Well |
|---|---|
| Inclusions | 3 single family ranch homes on property in as-is condition. |
| Land Use Code | A |
| Water View Y/N | Yes |
| Lot Size Acres | 31.71 |
| Water Body Type | Pond |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Water Access Features | Private Access,Fishing Allowed |
| Water Oriented Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 21921
Price
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