$1,597,000
Active
14 Days Online
3 Beds2 Baths4,404 SQFT
Active

77 Mimosa Lane Elkton, MD 21921

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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.

  • Property TypeSingle Family Home
  • NeighborhoodNone Available
  • CountyCecil
  • Taxes$6,597
  • HOA/Condo/Coop Fees$0
  • Days on Site13 Days
  • MLS StatusActive
  • MLS ID NumberMDCC2011252
  • Home Size Source Assessor
  • Year Built1978
  • Lot Size31.71 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Style Ranch/ Rambler
  • Construction Brick
  • Parking Attached GarageDriveway
  • Sewer Shared Septic
  • Basement Other
  • Number of Stories 1
  • Acreage 31.71
  • Water Well
  • Property Sub Type Single Family Residence
  • Garage Spaces 1
  • Attached Garage Yes
  • Foundation Other
  • Zoning NAR

Interior Features

  • Cooling NoneElectric
  • Heating Baseboard - ElectricElectric
  • Fireplaces 1
  • Fireplace Yes

Exterior Features

  • View PondPastureScenic VistaTrees/ WoodsWater
  • Spa No
  • Waterfront Property No

Community Features

  • Pets Yes
  • Senior Community No

Schools

School District
CECIL COUNTY PUBLIC SCHOOLS
Elementary School
LEEDS
Middle School
CHERRY HILL
High School
NORTH EAST

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Monthly Payment (Est.)

$8,690
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