Address
119 N Walnut Street Milford, DE
Price
$ 699,000
Property Attributes
  • MLS#DEKT237442
  • TypeCommercial
  • CountyKENT
  • CityMilford
  • AreaMilford
  • Zip19963
  • StyleBed and Breakfast
  • Year Built1857
  • Taxes$ 2823
  • Price$ 699,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5852
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Keller Williams Realty Central-Delaware
Data Source:
Bright MLS
Property Description

For more detailed information and additional pictures please look up MLS# DEKT237426Designed and built by Alonzo Reynolds, a famous architect and builder in the 19th century, the Bank House was initially built to act as the actual bank house for the President, Directors and Company of the Bank of Milford in 1851. Adrian Olcott was named as President of the newly formed bank and the cashier was William T. Shannon with seven prominent Milford residents acting as shareholders. However, the House of Representatives repealed the incorporation of the Bank of Milford in 1852 due to allegations of fraud by three of the shareholders. Reynolds had not yet finished the Bank House by this point, but Shannon was forced to terminate the contract before selling the building to the Farmers Bank of Delaware. In 1865 the FBD would later sell the incomplete house to Dr. James R. Mitchell, who converted the house into a residence and medical office. The house would pass through many hands over the years, eventually coming into the possession of Charles Parker, an antique collector and dear friend. In his will, Parker left the house in the care of his close friend and neighbor Mike Rivera. The owners Mike and Denise joined forces to bring this historic home back to its previous grandeur and open it to the public to be enjoyed by all who appreciate the history and tales this home has to share. A binder will be available with all the renovation information that includes new windows (58), systems, etc. All rooms have access to common areas on the first and third floors, as well as the exterior of the house. This includes the libraries on the first and third floors, the various sitting rooms, the parlor, the dining room, the pool and gardens. Sellers are currently operating as a B&B. Delaware has an abundance of local breweries, wineries, and distilleries that are always willing to host tours and tastings. From the famous Dogfish Head brewery in Milton, to the 16 Mile Brewing Company in Georgetown, to the local Mispillion River Brewing Company right here in Milford, there is a place to fit any palette. The downtown offers a variety of locally owned shops, art galleries, coffee shops and theatre. Just a short distance away is the beach and outlet shopping.Building in the back is currently one car garage with workshop (for upholstery business), office and 1/2 bath.

Price History
4/2/2020 Listed $699,000

General Features

Accessibility None
Business Type Bed and Breakfast
Construction Materials Brick
Cool Fuel Electric
Cooling Other
County KENT
Days on Market 403
Heating Forced Air
Historic Y/N Yes
MLS Area Milford (30805)
New Construction No
Ownership Fee Simple
Parking Features Public
Possession Settlement
Price Per Sq Ft 119.45
Property SubType Other
Property Type Commercial Sale
PropertyCondition Good
Sewer Public Sewer
Tax Annual Amount 2823.0
Tax Lot 5800-000
Tax Year 2019
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning C2

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas, Oil
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 7

Exterior Features

Building Area Total 5852.00
Car Parking Spaces 5
Fencing Y/n Yes
Lot Dimensions 188.00 x 52.00
Lot Size Acres 0.22
Lot Size Source Assessor
Lot Size Square Feet 9776.00
Navigable Water Y/N No
Total Parking Spaces 5
Type of Parking Driveway, Parking Lot, Private Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19963

Price
AVG $640K
$700K
Taxes
AVG $2,475
$2,823
Visits
AVG 110
162
Year Built
AVG 1976
1857
Walkscore
AVG 44
81
Data Provided by Walkscore ® not using MLS data

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