Patterson-Schwartz Real Estate77 Mimosa Lane, Elkton, MD 21921-3128 $1,597,000
Interior Sq. Ft: 3,000
Acreage: 31.71
Age:46 years
Taxes: $6,597
Subdivision: None Available
Design/Type:
Detached
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.
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2.5 % Of Gross
Basement: Y
Pool: No Pool
Elem. School: LeedsMid. School: Cherry HillHigh School: North East
Features
Water
Water Oriented: Yes; Water Front: No; Water Access: Yes; Water Body Type: Pond;
Utilities
Baseboard - Electric Heating, Electric, None, Electric, Hot Water - Electric, Well Water, On Site Septic
Garage/Parking
Attached Garage, Driveway, Other, Attached Garage Spaces #: 1;
Interior
Accessibility - Doors - Swing In
Exterior
Brick Exterior
Lot
Rural, Pasture View, Pond View, Scenic Vista View, Trees/Woods View, Water View
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (5 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Leeds Elementary | Cecil County Public Schools | Preschool–5 | Elkton | 1.28 mi |
| Bay View Elementary | Cecil County Public Schools | Preschool–5 | North East | 2.28 mi |
| Kenmore Elementary | Cecil County Public Schools | Preschool–5 | Elkton | 3.44 mi |
| North East Elementary | Cecil County Public Schools | Preschool–5 | North East | 3.78 mi |
| Gilpin Manor Elementary | Cecil County Public Schools | Preschool–5 | Elkton | 4.85 mi |
Public Middle (2 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Cherry Hill Middle | Cecil County Public Schools | 6–8 | Elkton | 3.45 mi |
| North East Middle | Cecil County Public Schools | 6–8 | North East | 3.56 mi |
Public High (3 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Rising Sun High | Cecil County Public Schools | 9–12 | North East | 4.17 mi |
| North East High | Cecil County Public Schools | 9–12 | North East | 4.48 mi |
| Elkton High | Cecil County Public Schools | 9–12 | Elkton | 4.7 mi |
Private (5 schools)
| School | Grades | Place | Distance | |
|---|---|---|---|---|
| Mount Aviat Academy | Roman Catholic | Preschool–8 | Childs | 3.12 mi |
| Holiness Christian Academy | Baptist | 5–9 | Elkton | 3.97 mi |
| The Tome School | Nonsectarian | K–12 | North East | 4.01 mi |
| Shorehaven School | Nonsectarian | 8–12 | Elkton | 4.31 mi |
| Maranatha Baptist Church Academy | Baptist | 1–10 | Elkton | 4.71 mi |
© 2024 LiveBy. All Rights Reserved.
This report is a detailed community overview for Elkton (21921), Maryland.
Community Quick Facts
- Average travel time to work for people in this community: 28
- Average salary of people in this community: $52,796
Community Summary
- Population Density (ppl / mile): 462
- Household Size (ppl): 2.73
- Households w/ Children: 63%
Housing Inventory
- Owned: 11,556 (63.3%)
- Rented: 5,051 (27.7%)
- Vacant: 1,647 (9.0%)
- Total: 18,254
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.9%
- Some High School: 8.3%
- High School Graduate: 34.6%
- Some College: 22.0%
- Associate Degree: 7.8%
- Bachelor's Degree: 15.1%
- Graduate Degree: 9.3%
Income by dollar range
Median Income: $72,992
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $696
- One Bedroom: $924
- Two Bedroom: $1,153
- Three Bedroom: $1,405
- Four Bedroom: $1,782
© 2024 LiveBy. All Rights Reserved.
Contact Information
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or call me now at 302-545-2500
Listing Courtesy of: Keller Williams Realty Wilmington , (302) 299-1100
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 4/27/2024.
