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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.
| DAYS ON MARKET | 72 | LAST UPDATED | 12/5/2024 |
|---|---|---|---|
| TRACT | NONE AVAILABLE | YEAR BUILT | 1900 |
| COMMUNITY | South Of The Canal (30907) | COUNTY | NEW CASTLE |
| STATUS | Sold | PROPERTY TYPE(S) | Farms/Ranch |
| School District | APPOQUINIMINK |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | South Of The Canal (30907) |
| BASEMENT | Crawl Space |
| FIREPLACE | Yes |
| HEAT | Baseboard, Electric |
| LOT | 186.9 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Septic Tank |
| STORIES | 2 |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 1877 |
| WATER | Well, Private |
| WATERFRONT DESCRIPTION | Creek |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by The Moving Experience Delaware Inc., sold by RE/MAX Associates - Newark
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