On Site:14 Days
Lot Size:30,492 Sq. Ft.
*The home includes an added bonus for investors or homeowners seeking rental income.* Nestled in Newark, Delaware, this picturesque 3-bedroom, 2-bathroom farmhouse on .70 acres skillfully combines rustic charm with modern amenities. Step into a welcoming interior where wood floors and exposed beams create a warm, rustic feel. The eat-in kitchen, heart of the home, is perfect for family meals and gatherings. The main level also features a convenient full bath and laundry room. The upper level houses three cozy bedrooms, another full bath, and a walk-in attic for ample storage. Adding to the home's charm is a non-functioning fireplace, a focal point that adds to the farmhouse ambiance. Outdoors, the property doesn't disappoint with a front porch and back patio, ideal for enjoying the serene surroundings. The home is located next to a stream, perfect for fishing enthusiasts. To the left of the home is a garage with a 1-bedroom, 1-bathroom apartment above, currently generating rental income of $1050, while the main house brings in $1800 per month. Both tenants, on month-to-month leases, are keen on staying. This Newark farmhouse is a unique blend of character, convenience, and income potential-a perfect choice for various lifestyles and investment opportunities. Home is being sold as-is.
$000 Monthly Payment
Loan and interest only.
Address:88 Old Red Mill Rd, Newark, DE 19711
Construction: Wood Siding, Stone
Garage Size: 1
Features / Amenities
Interior Features: Attic, Dining Area, Exposed Beams, Kitchen - Eat-In, Wood Floors, Tub Shower
Appliances: Dishwasher, Oven/Range - Electric, Refrigerator
Porch / Patio / Deck: Deck(s), Porch(es)
Other Structures: Above Grade
Cooling: Central A/C, Window Unit(s)
Heating: Forced Air
Lot Size: 0.7 Acres / 30,492 Sq. Ft.
Lot Dimensions:301.40 x 108.40
Water Access: Yes
Driveway - # of Spaces: 4
Sewer: Public Sewer
Directions:Drive south on Red Mill Rd towards Ogletown. After passing Darwin Rd on your left, turn left onto Old Red Mill Rd.
Tax and Financial Info
Total Taxes: $2,136 (paid Annually)
School Tax: $1,709
Ownership: Fee Simple
WALKING AND TRANSPORTATION
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Listing Information Last Updated 12/3/2023
Listing provided courtesy of Crown Homes Real Estate.