1 year on rocket

0 Paper Mill Rd, Newark, DE, 19711

$450,000

1.91 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
MLS #DENC2031452
Lot Size1.91 Acres
StatusActive
(ACTIVE)

About 0 Paper Mill Rd

Prime 1.9 Acre Wooded Oasis in the heart of Newark. Nestled amid the vibrant City of Newark, this remarkable 1.9+/- acre wooded parcel is a hidden gem offering a world of possibilities. Located in close proximity to the University of Delaware, this property presents a golden opportunity for investors and developers seeking to make their mark in this bustling community. Property Highlights: Size: Approximately 1.9 acres of lush, wooded terrain, providing a natural sanctuary within city limits. Location: Situated right in the heart of Newark, this property offers unparalleled convenience. It's within easy walking distance to most of the University of Delaware, making it an ideal location for student housing. Versatility: The property's zoning was surveyed as 50% Residential and 50% Industrial, offering a versatile canvas for your vision. Whether you dream of creating student housing, a parking lot, or a storage facility, this land can accommodate a variety of purposes. Access: Convenient road access via Paper Mill Road ensures ease of transportation to and from the property. Zoning Correction: The seller is committed to working with the new owner to correct the zoning, aligning it with the surveyed residential/industrial designation. Surrounded by Opportunities: This parcel enjoys a convenient location between N. College Ave and Papermill Rd, at the intersection of Creek View Rd. It's flanked by 16 residential properties to the North West, Kershaw Park to the North East, and Delmarva Power Station to the South. Situated between White Clay Creek and Delmarva Power Station, this property offers a unique blend of nature and urban proximity. Entrance Easement: Delmarva Power holds an easement on the front footage to allow access to the Delmarva Power Station. Don't miss your chance to secure this exceptional 1.9+/- acre parcel in the heart of Newark. Whether you're looking to invest, develop, or create a unique urban oasis, this property holds the key to a host of exciting opportunities. Don't miss out on this opportunity. Reach out today to explore the potential of this prime piece of real estate and turn your vision into reality!

Property Details

Property Features

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (888) 543-4829
  • Listing Agent: MATTHEW R WRIGHT

Lot Features

Lot Information:

  • Lot: Near Park
  • Lot Size: 1.91 Acres

School Info

Assigned Schools Information:

  • Newark High School, Public District Grades 9-12
  • Shue-Medill Middle School, Public District Grades 6-8
  • Downes (John R.) Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Road frontage is estimated 22 feet of road frontage at the light across from Timothy's between the walking bridge and Delmarva Power Station.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
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Housing Market Comparison

See how this home compares to others in Newark, DE.

Med. Sold Price

$342.6K

Med. Price/SqFt

$194

Avg. Days On Market

21

# of Sold Homes

73

0 Paper Mill Rd vs Newark

560 DAYS ON ROCKET

+539 Days

$450,000

+$107.3K More

KEY TAKEAWAY

This property is $107.3K more than the Median Sold Price in Newark, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DENC2031452

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (888) 543-4829
  • Listing Agent: MATTHEW R WRIGHT

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/29/2024, 3:20:24 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7829886
6
/10
  • Downes (John R.) Elementary School

  • 220 Casho Mill Rd

  • 1.52 miles

  • Public District Grades PK-5

Middle School

school-card-donut-7829887
2
/10
  • Shue-Medill Middle School

  • 1500 Capitol Trl

  • 2.43 miles

  • Public District Grades 6-8

High School

school-card-donut-7829888
3
/10
  • Newark High School

  • 750 E Delaware Ave

  • 0.73 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,220. Typical income of Newark, DE residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Newark, DE

What type of housing is available in Newark, DE?

In Newark, most dwellings are single detached homes, while large apartment buildings and townhouses are the main alternatives in the housing stock. This city is primarily composed of four or more bedroom and three bedroom homes. Roughly two thirds of the dwellings in the city are occupied by homeowners and renters occupy the remainder. The median year of construction for buildings in this city is 1982.

Is Newark, DE a good place to live?

The character of Newark is exemplified by its relaxed environment. There are over 50 green spaces close by for residents to discover, such as Newark Reservoir and Coverdale Park, making it very easy to access them. This part of the Philadelphia-Camden-Wilmington metropolitan area is also quiet, as there are low levels of noise from traffic - however noise can be bothersome near Delaware Turnpike or one of the railway lines.

Are things conveniently located in Newark, DE?

There are only a few high schools and primary schools in this part of the Philadelphia-Camden-Wilmington metropolitan area and therefore they can be a long walk away. At the elementary level, there are both public and private schools. In terms of food, it is frequently practical for house buyers in Newark to purchase groceries by walking. There are also a few opportunities for those who appreciate restaurants and cafes in close proximity.

What does the transportation in Newark, DE look like?

The favored mode of transportation in this city is very often a car. Coming across a parking spot is generally easy. However, the public transit network in this part of the Philadelphia-Camden-Wilmington metropolitan area is not very practical. Nonetheless, homeowners are served by the Newark Station on the Wilmington/Newark Line. There are approximately 10 bus lines crossing the city, and bus stops are not particularly far away from most residences. Newark is not very suitable for walking because few common errands can be run without needing to resort to a vehicle.

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Frequently Asked Questions About 0 Paper Mill Rd

What is the listing price of this property?

The listing price of 0 Paper Mill Rd property is $450,000.

What type of property is this?

The property 0 Paper Mill Rd is land located in Newark, Delaware, 19711.

Is this property for sale now?

Active Listing: 0 Paper Mill Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 0 Paper Mill Rd are:
Downes (John R.) Elementary School: GreatSchools Rating 6/10
Shue-Medill Middle School: GreatSchools Rating 2/10
Newark High School: GreatSchools Rating 3/10

How much acreage is this property?

The property 0 Paper Mill Rd is 1.91 acres.
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Rocket HomesDelawareNew Castle CountyNewark197110 Paper Mill Rd

This home is located at 0 Paper Mill Rd in Newark, DE and zip code 19711. This home sits on a 1.91 acre lot. It has been listed on Rocket Homes since September 15, 2022 and is currently priced at $450,000.

In February 2024, from all listings sold in Newark, DE there were more than 25 sold above asking price, over 23 sold below and more than 25 were sold right at the asked price. Between January 2024 and February 2024, Newark, DE real estate market has seen increase in the number of listings by 6.7%. In February 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $342,693.

From Rocket Homes Real Estate and based on county public records data.

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