77 MIMOSA LANE
ELKTON, MD 21921

$1,597,000

Number of Units: 3
Type: Multi-Unit Residential
Listing #MDCC2012014
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 basement2. 3-bedroom, 2-bathroom home3. 3-bedroom, 1-bathroom homeAt 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.
Listing Courtesy of: Keller Williams Realty Wilmington (302) 299-1100
Property Features
Location Information
County: CECIL
Latitude: 39.64903
Longitude: -75.91611
Subdivision: NONE AVAILABLE
Interior Features
Number of Fireplaces: 1
Heating: Baseboard - Electric
Heating Fuel: Electric
Cooling: None
Water Heater: Electric
Basement Description: Other
Has Basement: Yes
Number of 1 Bedroom Units: 0
Number of 2 Bedroom Units: 0
Number of 3 Bedroom Units: 3
Total Number of Units: 3
Exterior Features
Is New Construction: No
Foundation: Other
Septic or Sewer: On Site Septic
Water: Well
Has Garage: Yes
Garage Spaces: 1
Lot Size in Acres: 31.71
Zoning: NAR
Water Body: Pond
Has Water View: Yes
Has Water Access: Yes
School
Elementary School: LEEDS
Jr. High School: CHERRY HILL
High School: NORTH EAST
Additional Information
ListDate: 2024-02-27 00:00:00.0
Property SubType: Other
Year Built: 1978
Status: Active
Tax Year: 2024
Tax Amount: $6,597


$ per month
Year Fixed. % Interest Rate.
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Monthly Tax: $
Monthly Insurance: $
Term
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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BRIGHT(MRIS/Trend) data last updated at May 19, 2024 6:04 PM ET

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