1st Choice Real Estate
Harry Clark
302-373-3366302-373-3366

119 N Walnut STREET, Milford, DE 19963 (MLS # DEKT237426)

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PRICE $699,000
BEDS 6
BATHS 5 full, 2 half
HOME SIZE 5,852 sq ft
LOT SIZE 9,776 sqft

Designed 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 However, the House of Representatives repealed the incorporation of the Bank of Milford in 1852 due to allegations of fraud by three of the shareholders.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. You can check out the website at BankHouseMilford.com. 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.

DAYS ON MARKET 62 LAST UPDATED 4/2/2020
YEAR BUILT 1857 GARAGE SPACES 1.0
COUNTY Kent TOTAL PARKING 1
STATUS Active PROPERTY TYPE(S) Residential, Residential / Detached

SCHOOLS
School District Milford


ADDITIONAL DETAILS
ABOVE GRADE FIN SQFT 5852
ABOVE GRADE FIN SQFT SOURCE Assessor
ABOVE GRADE FINISHED AREA UNITS Square Feet
ACCESSIBILITY FEATURES None
ARCHITECTURAL STYLE Other
AUTOMATICALLY UPDATE TAX VALUES Y/N N
BASEMENT TYPE Interior Access, Shelving, Unfinished, Walkout Stairs
BASEMENT YN Y
BATHROOMS COUNT MAIN LEVEL 7.00
BATHROOMS FULL 5
BATHROOMS FULL MAIN LEVEL 5
BATHROOMS HALF 2
BATHROOMS HALF MAIN LEVEL 2
BEDROOMS COUNT MAIN LEVEL 6
BELOW GRADE FIN SQFT 0
BELOW GRADE FIN SQFT SOURCE Assessor
BELOW GRADE FINISHED AREA UNITS Square Feet
BELOW GRADE UNFIN AREA UNITS Square Feet
BELOW GRADE UNFIN SQFT 0
BELOW GRADE UNFIN SQFT SOURCE Assessor
BUILDING NAME none available
CENTRAL AIR YN Y
CITY/TOWN TAX 0.00
CITY/TOWN TAX PYMNT FREQ Annually
CONDO/COOP ASSOCIATION YN N
CONSTRUCTION MATERIALS Brick
COOLING FUEL Electric
COOLING TYPE Central A/C
DOOR FEATURES Double Entry
EXCLUSIONS Please see list of exclusions
EXTERIOR FEATURES Lawn Sprinkler, Outbuilding(s)
FENCING Privacy, Rear
FIREPLACE FEATURES Mantel(s), Non-Functioning
FIREPLACE YN Y
FIREPLACES COUNT 12
GARAGE FEATURES Garage Door Opener
HEATING FUEL Natural Gas, Oil
HEATING TYPE Forced Air
HEATING YN Y
HISTORIC YN Y
IN CITY LIMITS YN Y
INCLUSIONS Appliances, Window Treatments
INTERIOR FEATURES 2nd Kitchen, Additional Stairway, Built-Ins, Carpet, Crown Moldings, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Island, Stall Shower, Upgraded Countertops, Window Treatments, Wood Floors
LAND USE CODE 0
LAUNDRY TYPE Has Laundry, Main Floor
LEASE CONSIDERED YN N
LISTAGENTSTATELICENSENUMBER R3-0008580
LISTING AGREEMENT TYPE Exclusive Right
LISTING SERVICE TYPE Full Service
LIVING AREA SQFT SOURCE Assessor
LOT FEATURES Corner, Landscaping
LOT SIZE DIMENSIONS 188.00 x 52.00
LOT SIZE SOURCE Assessor
LOT SIZE UNITS Square Feet
NAVIGABLE WATER YN N
OUTDOOR LIVING STRUCTURES Brick, Patio(s)
OWNERSHIP INTEREST Fee Simple
PARKING FEATURES Private, Public
PHOTO OPTION Lister Will Upload All
POOL Yes - Personal
POOL FEATURES In Ground
POSSESSION Settlement
PRICE PER SQFT 119.45
PROPERTY CONDITION Average+
PROPERTY TYPE Residential
RIPARIAN RIGHTS YN N
ROOM COUNT 16
ROOM LIST Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Efficiency (Additional), Foyer, Kitchen, Library, Living Room, Master Bedroom, Sitting Room, Storage Room
SCHOOLDISTRICTSOURCE Listing Agent
SECURITY FEATURES Exterior Cameras, Fire Detection System, Monitored, Security System
SENIOR COMMUNITY YN N
SEWER SEPTIC Public Sewer
STANDARD STATUS Active
STORY LIST Main
STRUCTURE TYPE Detached
SUB SYSTEM LOCALE BRIGHT_MAIN
TAX ANNUAL AMOUNT 2823.0
TAX ASSESSED VALUE 58100.0
TAX ID NUMBER MD-16-18310-03-5800-000
TAX LOT 5800-000
TAX TOTAL FINISHED SQFT 5852
TAX YEAR 2019
TIDAL WATER YN N
TOTAL SQFT SOURCE Assessor
TOTAL TAXES PYMNT FREQ Annually
TYPE OF PARKING Detached Garage, Driveway, Off Street, Parking Lot
VACATION RENTAL YN N
WATER ACCESS YN N
WATER ORIENTED YN N
WATER SOURCE Public
WATER VIEW YN N
WATERFRONT YN N
WINDOW FEATURES Replacement
YEAR ASSESSED 2019
YEAR BUILT SOURCE Assessor
YEAR MAJOR RENO/REMODEL 2016
ZONING C2


81 Very Walkable



 
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Last Updated: 6/2/20 4:33 PM PDT