137+/- Acre Farm in Laurel, Delaware
Friday, 24 Feb, 2006 02:00 PM Selling for Estate of John Marshall Phillips
Portsville Road, Laurel, Delaware (See below for directions) Terms: See Below
Tax Map Lots 576-600
Lots 551-575 Pictures of Exterior of Home
Pictures of Barn/Stable Pictures of Interior of Home
Pictures of Farm  
General Information: Directions: At the intersection of U.S. Rt. 13 and Del. Rt. 24 in Laurel, Delaware, travel west on Del. Rt. 24 towards the Town of Laurel. Proceed through the Town of Laurel on Del. Rt. 24 (West Street) for 1.0 mile. Turn right onto West 6th Street (just before Uncle Willie’s Store). Travel on West 6th Street for 2.3 miles past the Town of Laurel (West 6th Street becomes Portsville Road). Farm will be on left (Signs Posted).

Inspection: An auction company representative will be on the premises Sunday, February 12 from 2:00 to 4:00 P.M. and Saturday, February 18 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 majestic property consists of three adjacent parcels of land. The parcels are identified on the Sussex County Tax Map in District 4-32 Map 7.00 Parcel 10.00, Parcel 26.00, & Parcel 27.00. All of the parcels are further described in Will Book 411 Page 64. All three of the parcels will be sold together.

Parcel 10.00 consists of 76.51+/- Acres of land and is improved by a two-story farmhouse, a 30’x 20’ four-bay implement shed with cement floor, a 60’ x 30’ barn/stable with loft, and a 30’ x 30’ two-story sweet potato house. The 4 BR/2 BA home features a kitchen with appliances, a spacious diningroom/livingroom area with wood stove, office, utility room, and enclosed front porch. The home features hardwood floors throughout and has baseboard oil heat. The two-story sweet potato house is on the National Register of Historic Places.

Parcel 26.00 consists of 40.54+/- Acres of farmland and Parcel 27.00 consists of 19.80+/- Acres of farmland. All three parcels consist of 137+/- Acres of land with 127+/- tillable acres. The farm consists of rolling slopes and has approx. 1,800 ft. of frontage along Portsville Road as well as an entrance on Old Hickory Road. This beautiful farm is situated only 1.8 miles from the town limits of Laurel and minutes from beautiful and historic Bethel.

The farm is currently enrolled in the Delaware Agricultural Lands Preservation Program until 2008. The farm is also subject to a lease for the 2006 farming season. No tangible personal property, including the irrigation system, is included in the sale.

Terms: 10% deposit of which $75,000.00 must be presented in the form of cash or certified check made payable to Jos. C. O’Neal & Sons on day of sale. Remainder of the 10% non-refundable deposit must be presented in the form of cash or certified check made payable to Jos. C. O’Neal & Sons and is due in our office by Monday, Febuary 27. Balance to be paid in thirty (30) days from date of sale 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 2.5% Buyer’s Premium will be added to the final selling price. Pursuant to an order of the Chancery Court, select heirs have an option to match the auction sales price within ten (10) days of the auction sale. If either of the two heirs elect not to match the highest bid within ten days, the auction sale will be confirmed. Further terms of the Court order are available prior to and on the day of sale from Jos. C. O’Neal & Sons Auctioneers & Appraisers.

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