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119 N Walnut Street

MILFORD, DE 19963
  • $650,000
  • STATUS: Active
  • ON SITE: 659 Days
  • ID#: DEKT237442
Price Reduced
$650,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1857
County:

School Ratings & Info

School District:

Description

Back on the market, no fault of Sellers! 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 However, the House of Representatives repealed the incorporation of the Bank of Milford in 1852 due to allegations of fraud by three of the shareholders.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 were operating as a B&B until just recently. 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 (previously for upholstery business), office and 1/2 bath.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long and Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-21T23:49:38.583.
www.easternshorehomesolutions.com/homes/104762121
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119 N Walnut Street MILFORD, DE 19963

  • Price: $650,000
  • Status: Active
  • On Site: 659 Days
  • ID#: DEKT237442
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1857
Built
Neighborhood:
Milford (30805)
County:
Kent
Area:
Milford (30805)
School District:
Milford
Property Description
Back on the market, no fault of Sellers! 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 were operating as a B&B until just recently. 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 (previously for upholstery business), office and 1/2 bath.
Exterior Features

Construction Materials Brick Garage YN No Parking Features Public Parking Types DrivewayParking LotPrivate Garage Property Condition Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5852.00 Cooling Other Heating Forced Air Heating YN Yes Net Square Feet 5852.00

Property Features

Accessibility Features None Assessment Year 2021 Association YN No Business Type Bed And Breakfast Central Air YN No Cooling Fuel Electric Heating Fuel Natural GasOil Historic YN Yes Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 304082061410 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 1298.00 Tax Assessment Amount 58100.00 Tax Lot 5800-000 Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning C2

Listing courtesy of Keller Williams Realty Central-Delaware.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long and Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-21T23:49:38.583.
 
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