2955 WALNUT SHADE RD, Magnolia DE 19962 Lots and Land for Sale for $7,500,000 with 4 bedrooms and 2 full baths, 1 half bath. This property was built in 1965 on a lot size of 333.0 Acre(s).

Property Information
$7,500,000
4 Bedrooms
2 Full Baths, 1 Half Bath
Lots and Land
Taxes are $1,676
Active
Lot Size of 333.0 Acre(s)
Built in 1965
Magnolia, DE
Kent County
MLS/Web ID is 6245411
2955 WALNUT SHADE RD, Magnolia, DE
Description

Situated on more than 330 acres, The JACKEWICZ FARMS property in the green rural countryside near Magnolia offers the discerning investor more than just an opportunity to purchase one of the most pristinely maintained working farms on the Mid-Atlantic coast's growing Delmarva Peninsula. It offers the opportunity to invest in an ongoing business, a way of life, and a future. The Property zoned "AC" Agricultural Conservation, permits a wide range of farm and farm-related uses as well as residential development. Allowed are future greenhouses, golf courses, community facilities, nursery farms, residential development, public camp grounds and the like. The Family House, with over 3, 900 SF, is designed for dignified, comfortable living with a main level master suite, office/study with separate entrance, large eat-in kitchen, spacious welcoming sunroom and sunlight family room, formal living, dining areas and finished basement. The additional Tax ID numbers are NM-00-10400-01-0201-000 and NM-00-10400-01-0400-000.

Interior
Utilities
  • Cable
  • Electric
  • Other
  • Phone
  • Underground Utilities
  • Water
Water Source
  • Well
Exterior
Exterior
  • Barn
  • Shed
  • Storage / Out Building / Shed
Fence
  • Wood
Garage
  • Garage(s)
Lot Description
  • Level/Flat
  • Pond
  • Wooded / Trees
Waterfront Description
  • Access
† Excluded Feature
Neighborhood & Schools
School District: Caesar Rodney
Listed By
Broker: KELLER WILLIAMS REALTY-WILMINGTON
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Market Pricing

Average % of sale price Median % of sale price
All listings in Magnolia $374,255 95 % below $249,900 97 % below
Lots and land listings in Magnolia $2,387,500 68 % below $875,000 88 % below
Sold listings in Magnolia $201,905 97 % below $200,500 97 % below

Local Sold History

Address Beds Baths Sqft Sold Price Sold Date Distance (miles)
561 VOSHELLS MILL STAR HILL RD
Dover, DE
3 2.00 980.00 $36,750 8/2/2013 0.74
220 ROUNDABOUT TRL
Camden, DE
3 2.00 0.00 $183,750 7/19/2013 0.82
38 VOSHELLS MILL RD
Dover, DE
3 2.00 0.00 $101,850 7/12/2013 1.64

Get the facts about Magnolia, DE!

Population
234
Population Growth (since 2000)
38 %
Median Income
$79,166
Median Age
36.35
Households w/ Children
49 %
2 12 69 69 2 12 69
Find Out More! View more area information here.
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.5% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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