|General Information: Location: 31900 E. Piney Grove Rd., Georgetown, DE. From Rt. 113 in Georgetown, DE, turn West onto Shortly Road (Delaware State Police Troop 4 is located on the corner). Travel West on Shortly Road for 2.2 miles and turn left onto E. Piney Grove Road. Travel for .6 mile and farm will be on right (Signs Posted).
Inspection: Bidders are encouraged to walk and inspect the property anytime. An auction company representative will be on the premises Tuesday, May 24 from 4:00 to 6:00 P.M., Wednesday, June 1 from 4:00 to 6:00 P.M., Sunday, June 5 from 2:00 to 4:00 P.M. Contact auction company for a Property Information Packet (PIP).
This magnificent property is identified on the Sussex County Tax Map in District 1-33 Map 6.00 Parcel 12.00 and is further described in Deed Book 1831 Page 203. The irregular shaped parcel consists of 41.23+/- acres of acres of farmland with a small amount of wooded land. The property has approx. 1,200 ft. of frontage along East Piney Grove Road at its northerly boundary. From East Piney Grove Road, the property extends back over 2,000 ft. to its southernmost boundary. The property is improved by a two-story farmhouse, a barn, and a shed. For purposes of the auction, the property will consist of two separate and adjacent parcels. The parcels will be sold individually and then offered together and sold which ever way produces the highest bid. This auction represents a rare opportunity to own vast acreage with development potential in the heart of Sussex County and only minutes from Delaware’s beaches.
Parcel #1 consists of 14.57+/- acres of farmland and wooded land and is improved by a two-story farmhouse, a barn, and a shed. This parcel comprises the westernmost portion of the property.
Parcel #2 consists of 26.66+/- acres of farmland with a small amount of wooded land. This parcel comprises the easternmost portion of the property.
Terms: Parcel #1-$20,000.00 down payment in the form of cash or certified check on the day of sale made payable to Jos. C. O’Neal & Sons. Parcel #2-$30,000.00 down payment in the form of cash or certified check on the day of sale made payable to Jos. C. O’Neal & Sons. Parcels sold individually contingent upon proper approval and recording. In the event both parcels are sold together, a $50,000.00 down payment will be required on the day of sale made payable to the above in the form of cash or certified check. Buyer & Seller will equally share all State & County transfer taxes. Buyer will be required to pay all costs of preparing & recording the deed and any other costs that may occur. Balance to be paid within 45 days when a good and marketable deed will be given. Buyer’s failure to comply with these Terms of Sale will cause the down payment paid day of sale to be forfeited. The farm is being sold “as-is”. A 2% Buyer’s Premium will be charged on the final selling price on each parcel. Seller reserves the right to accept or reject any or all bids, but it is their intent to sell said property to settle the Estate.