2138 Old Kirkwood Rd, Bear, DE 19701

Vacant Lot in Rolling Meadows. To the best of seller's knowledge: Property is zoned NC21. Front and rear set back 40' side yard set back 10'. A mobile home can be placed on the property but must be at least 750 sq ft. Property has a propane tank on site, Artesian (public) water, and a newer septic which was replaced in 2011 (based on previous owners communication). Septic Inspection Report is available from 2-24-14 at time of the current owner's purchase. NCC states a 3 bedroom is allowable using the existing septic system. Rear of property was tested when new septic was installed and is approved for a new septic if need be in the future. Buyer is responsible to complete their due diligence and verify the above statements with the proper resources at New Castle County. Seller will not be held liable for the above statements and simple reached out to the county to provide possible options for this land. Open Permits are active and will be closed as this owner just removed the previously existing structure due to severe damage. Here are the guidelines for the Lot Loans: 75% max loan to value ? Purchaser to put 25% down to make the purchase, and an appraisal would need to be completed. 1-3 year "balloon" term (must be paid in full within 36 months). 1% of the loan amount will be charged as a fee. Interest rates are currently as low as 6.64% (highest credit tier with automatic payment from a Fulton Account) and as high as 9.89% (lowest credit tier without the auto draft) Interest only payments during the time the loan is outstanding for $86,250 (115,000-25%)