Water Views
Listed By:
Keller Williams Realty Wilmington
Address
77 Mimosa Lane, Elkton, MD
Price
$ 1,597,000
Property Attributes
  • MLS#MDCC2011252
  • TypeSingle Family
  • CountyCECIL
  • CityElkton
  • Zip21921
  • StyleRanch/Rambler
  • Year Built1978
  • Taxes$ 6597
  • Price$ 1,597,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage4404
  • 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,Community Septic Tank
Heating Baseboard - Electric
Cooling None
Possession 0-30 Days CD,31-60 Days CD,Negotiable,Immediate
Zoning NAR
Garage Spaces 1.00
Pool Y/N No Pool
Architectural Style Ranch/Rambler
Construction Materials Brick
Year Built 1978
View Pond,Pasture,Scenic Vista,Trees/Woods,Water
Levels 1
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility Doors - Swing In
County CECIL
New Construction No
Property Type Residential
HOA / Comm Assn No
Subdivision Name NONE AVAILABLE
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions south on Union Church Road then right on Tonys Road the property is on your left (77 Mimosa Lane)
ModificationTimestamp 2024-03-21T15:24:51
City ELKTON
Buyer Agent Compensation 2.5
Senior Community Y/N No
Lot Size Square Feet 1381288.00
Tax Assessed Value 591900.0
Waterfront Y/N No
Street Name MIMOSA
Tax Annual Amount 6597.0
Home Warranty Y/N No
Structure Type Detached
Condo/Coop Association Y/N No
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft 362.62
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
Total SQFT 6124
Days on Market 135
Location Type Rural
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Basement Other
Total Fireplaces 1
Hot Water Electric
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Above Grade Finished Area 4404
Full Baths 2
Street Suffix LANE
Central Air Y/N No
Total Bedrooms 3
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Unfin Area Units Square Feet
Below Grade Unfin SQFT 1720
Below Grade Unfin SQFT Source Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2

Exterior Features

Water Source Well
Inclusions 3 single family ranch homes on property in as-is condition.
Total Parking Spaces 1
Garage Features Garage Door Opener
Type of Parking Attached Garage,Driveway
Land Use Code A
Foundation Details Other
Spa No
Water View Y/N Yes
Lot Size Acres 31.71
Water Body Type Pond
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 123800.00
Navigable Water Y/N No
Water Oriented Y/N Yes
# of Attached Garage Spaces 1

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 Single Family Average in 21921

Price
AVG $570K
$1.6M
Taxes
AVG $4,362
$6,597
Visits
AVG 747
892
Data Provided by Inside Real Estate®
Year Built
AVG 1984
1978

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