|General Information: PUBLIC AUCTION
11.16+/- ACRES OF LAND
IN MILTON, DELAWARE
SATURDAY, FEBRUARY 18, 2006
Directions: 19056 Cool Spring Road, Milton, Delaware. From Five Points at the intersection of Del. Rt. 1 & Del. Rt. 9 in Lewes, Delaware, travel west on Del. Rt. 9 for approx. 4 miles. Turn left onto Cool Spring Road and travel 0.4 miles. Proceed through intersection and continue traveling on Cool Spring Road for 0.6 miles. Property 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 Saturday, February 4 from 1:00 to 3:00 P.M. and Sunday, February 12 from 2:00 to 4:00 P.M. Contact auction company for a Property Information Packet (PIP) or to arrange an appointment for inspection.
This wonderful property is identified on the Sussex County Tax Map in District 2-34 Map 1.00 Parcel 1.00 and is further described in Deed Book 2155 Page 52. The property is zoned AR-1 and consists of 11.16+/- Acres of land with approx. 680 ft. of frontage along Cool Spring Road at its easterly boundary. Bundicks Branch runs through the western portion of the property and offers a tranquil pond view in a quiet, country setting. The property is improved by a two-story cottage style home that was moved onto the property from the beach. The home features 3 BR/1 BA, kitchen, small diningroom, and a livingroom. The home is currently being rented on a month-to-month basis and currently produces an income of $500/month. The property rests in an ideal location in Eastern Sussex County, just minutes from Rt. 1 and Delaware’s beautiful beaches.
Terms: $40,000.00 down payment on the day of sale in the form of cash or certified check made payable to Jos. C. O’Neal & Sons with the balance to be paid in 45 days when a good and marketable deed will be given. Buyer & Seller will equally share all State & County Transfer taxes. Buyer will be required to pay all costs of preparing and recording the deed and any other costs that may occur. The property is being sold in “AS IS” condition. A 2% Buyer’s Premium will be added to the final selling price. Sellers reserve the right to accept or reject any or all bids, but it is their intent to sell said property.