Sold
CLOSED
300 Union Church Rd
Townsend DE, 19734
$1,649,720
$758.49 per sqft
Sold
CLOSED
3 Beds
1 Bath
2,175 sqft
Multi-family
Built in 1900
Up for sale is the Twin Oaks Farm in Townsend, DE for $2.2m. The farm is 187 +/- acres at 300 Union Church Rd. Townsend, DE 19734. The scenic land borders Blackbird Creek to the south and a small piece of Rt 1 to the west. The convenient location is 5 miles to Middletown, 24 miles to Wilmington, and 45 miles west to the Bay Bridge or North to Philadelphia. The farmhouse was constructed in 1900 and was recently renovated. The kitchen still needs completing. The property has a 7-acre pond, fencing, barns, and privacy. A 7,000sqft barn is in the process of being converted to a second residence, rental housing for added income, or an amazing entertainment venue. A 40 +/- acre solar lease is pending on the property for added income with significant upside for an investor. Pro forma cap rate on potential residential leasing, the farm lease in place, and the future solar field is estimated at 8.5.
Sellers are asking for cash-buyers only. Property will be sold in "As-is" condition with no warranty express or implied. All showings must be scheduled in advance.
DENC2068878
MLSⓇ ID
September 24, 2024
Listed
December 6, 2024
Updated
Map
300 Union Church Rd
Townsend DE, 19734
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
1
Full Bathrooms
1
Appliances
Electric Water Heater
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Baseboard, Electric
Exterior/Building Features
Lot Size
186.9 Acres
Sewer
Septic Tank
School Information
School District
APPOQUINIMINK
Other Property Details
Taxes
$1,877
Tax Frequency
Annually
Days on Market
35
Garage
No
View
No
County
NEW CASTLE
Water Source
Well, Private
Pool
No
Waterfront
Yes
Listing History
Date | Event | Price |
|---|---|---|
12/5/2024 | Sold | $1,649,720 |
10/28/2024 | Under contract | — |
Listed by The Moving Experience Delaware Inc.
Listing Contact: 3023997728
The IDX display contains information sourced from the Bright MLS, Inc. as of 12/6/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 12/6/2024 at 1:11 AM UTC
