Melancthon, Rural Melancthon, N0J 1M0
$3,699,900
Listed by PROPERTY PLUG REAL ESTATE INC..
One of a kind excellent opportunity to own 38 acres property Future residential & Commercial development land in Melancthon (Horning Mills). Property is on Hwy 124 with over 1950 feet of frontage. This Beautiful bungalow filled with sun boasting 3+1 Bedrooms & 2 Bath, 20 x 40 steel building, perfect for a workshop or additional storage, swimming pool (need work as is), roof has been replaced (2023), all windows and front door was replaced (2023), property has a gas line, well water pump has been replaced with all the pipes, gutter & downspouts with leaf guards around the house was replaced last year, property is right next to the township park, property surrounding with total of 4 roads (hwy 124, Main Street, Lloyd street, addeson street) rare to find this kind of land, less than a min away development of 40 estate homes. House is rented for $2400 plus potential to rent steel building. This is a must see property! Just 5 mins away to all amenities including grocery stores, schools, gas station, and much more. Attached is the list of work that was previously done by the owners.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.