77 Mimosa Lane Elkton, MD $ 1,597,000
77 Mimosa Lane
$ 1,597,000
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77 Mimosa Lane

Elkton, MD, 21921
$ 1,597,000
Bedrooms3 Baths2.0 Sq 4,404

Monthly Estimate*

$ 10,614

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Single Family Home for sale in Elkton, MD

for $1,597,000 with 3 bedrooms and 2 full baths. This 4,404 square foot home was built in 1978 on a lot size of 31.71.

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.

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Single Family Active

Price

$ 1,597,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 6,597

Style

Ranch/Rambler

Lot Size

31.71

Year Built

1978

Town/City

Elkton

County/Region

Cecil

MLS | Web ID

MDCC2011252

Features
Interior
Heating Fuel Electric
Basement Other
Total Fireplaces 1
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 4404
Full Baths 2
Street Suffix LANE
Central Air Y/N N
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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General
Sewer Shared Septic Community Septic Tank
Heating Baseboard - Electric
Cooling None
Possession 0-30 Days CD 31-60 Days CD Negotiable Immediate
Zoning NAR
Garage Spaces 1.00
Pool Y/N No Pool
Architectural Style Ranch/Rambler
Construction Materials Brick
Year Built 1978
View Pond Pasture Scenic Vista Trees/Woods Water
Levels 1
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility Doors - Swing In
County CECIL
New Construction N
Property Type Residential
HOA / Comm Assn N
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions south on Union Church Road then right on Tonys Road the property is on your left (77 Mimosa Lane)
City ELKTON
Buyer Agent Compensation 2.5
Senior Community Y/N N
Lot Size Square Feet 1381288.00
Waterfront Y/N N
Street Name MIMOSA
Tax Annual Amount 6597.0
Home Warranty Y/N N
Structure Type Detached
Condo/Coop Association Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft 362.62
Acceptable Financing Cash Conventional
Additional Parcels Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://www.youtube.com/watch?v=z5wmPajmYNE
Days on Market 152
Location Type Rural
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Well
Inclusions 3 single family ranch homes on property in as-is condition.
Garage Features Garage Door Opener
Type of Parking Attached Garage Driveway
Foundation Details Other
Spa N
Water View Y/N Y
Lot Size Acres 31.71
Water Body Type Pond
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 248300.00
Navigable Water Y/N N
Water Oriented Y/N Y
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Internal Only
Street Number 1 77
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* Excluded Features
List By
Keller Williams Realty Wilmington

Broker

mike@theterranovateam.com

Email

Affordability Calculator

$11,164
Per Month
95%
5%
0%
Monthly Principal & Interest
$10,614
Monthly Property Taxes
$550
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3534404 Elementary School
3535079 Middle School
North East High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$1,597,000 -6.06% Price Down
2/6/2024$1,700,000 -2.86% Price Down
1/9/2024$1,750,000 -2.78% Price Down
12/3/2023$1,800,000 Listed Price

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77 Mimosa Lane, Elkton, MD, 21921 is a Single Family Home for sale at $1,597,000 with 4,404 sqft and a lot size of 31.71. 77 Mimosa Lane has 3 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 21921 which is in Elkton, MD