Handyman Special 5 BR Main House, In-Law Cottage, 4+ car Garage on 1.28 acres

118 Chesterville Rd, Landenberg, PA 19350

$475,000 After Repair Value -
$310,000 Asking Price -
$75,000 Cost of Repairs =
$90,000 Potential Profit

Property Details

Asking Price $310,000

After Repair Value $475,000

Costs of Repairs $75,000

Potential Profit $90,000

Living Area 2500 ft2

Property Type Single Family House

Bedrooms 5

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 0

Property Description

Located in the heart of historic Landenberg, this true Landenberg Classic is like no other in the area, offering endless possibilities to create the home and property of your dreams. Truly a must see, potential abounds the entirety of this opportunity\'s large five bedroom main house, in-law suite cottage, spacious four+ car garage, and nature filled 1.28 acres.A Landenberg Classic, the five bedroom, two bath, Main House( c.1880) originally served as housing for local mill workers for Landenberg’s booming garment industry when the Landenberg Mill churned just a five minute walk down the road on the scenic White Clay Creek. Last updated in the 1980’s, a large extension seamlessly preserved the original spacious hardwood floor living room, dining room, two bedrooms, attic, and three room basement (added 1901). The 1980’s first floor additions include a sunroom, large open kitchen and living area, dedicated laundry room, large walk in dry pantry, half bathroom, and enclosed private back porch leading into a large and inviting rock wall lined entertainment space separating the main house and cottage. The second floor additions offer unique three high ceiling bedrooms (two featuring spacious lofts) and full bath to compliment the two original bedrooms and attic.Adding to this one-of-a-kind property is a quiant in-law style cottage with enclosed front porch accessed by a stone path off of the driveway. Complete with its own postal address, two front doors offer entry into the full kitchen or living room. Off the living room is a large bedroom with full bath and walk in closet. Rare to find, and in need of a full and complete update, the cottage could be updated to serve as a rental apartment for passive income, art studio, in-law suite, and more.A large driveway with space to park several cars and RV or trailer leads up to the huge two door, four+ car garage with additional loft storage space. Rebuilt in 2008, the garage could also potentially serve as a workshop or business for a contractor, handyman, etc. For car enthusiasts this garage and driveway space is a must see. . The remaining well more than half acre is a natural paradise. A large field perfect for families, entertaining, and sports is lined by a charming and peaceful flowing creek. Near fully surrounded by nature, the property offers a private nature filled sanctuary only a 10 minute drive from grocery stores, home improvement stores(Lowes), restaurants, salons, and more. Only 15 minutes to trendy Kennett Square, 50 minutes to Philadelphia (15 minutes to The Newark Train Station), and a short 30 minute drive to WIlmington, this Landenberg Classic offers the rare opportunity to enjoy nature everyday in a home updated to your style and personality.A true “HandyMan Special\'\' the property is offered “as-is”. The main house and cottage are in need of significant updating that will require a new owner who is both understanding and capable of the scope of work to create your dream property at 118 Chesterville rd. Whether you possess the skills or will contract the projects, experience in large home improvements and/or project management is suggested. Also suggested is approval for the FHA Section 203(k) Rehab Mortgage Insurance which is tailored to provide financing for properties like 118 Chesterville. A home to make your own offering this much unique potential in a desirable historic town is truly a rare opportunity. The main house, cottage, and garage stand tall on good, strong, and time-tested bones all ready for a makeover and the next chapter of their long Landenberg story.Schedule a Showing: Private full access showings at your own pace are available on your schedule and at your leisure. Literature on the property details, FAQ, etc. will be available upon arrival. Your comfort is most important and all reasonable requests will be accommodated. The seller is happy to be available on site for guided tours and to answer questions in person if requested. Please text or call (484) - between 9 A.M.- 9 P.M. M-Sun or simply schedule a time through Zillow. If email is preffered, please email 118chesterville@ - For those interested and working with a realtor, please forward the listing and contact information and instruct your realtor to call, text, and/or email ASAP. You are welcome to schedule a time through Zillow to see the property with all related materials sent to you and your agent. Additionally, all showings will be provided a folder containing the in-depth specifications and details of the property and appliances. The seller is happy to work with your realtor and realtor commissions will be paid. Unless listing says PENDING, this home is still for sale, scheduling showings, and accepting offers. ALL COVID-19 SAFETY PRECAUTIONS ARE MANDATORY: Masks are required. New-in-box disposable masks will be available on site. Conveniently placed sanitizing stations will be located throughout the property and at every exit. It is strongly suggested that a minimum of six feet distancing be maintained.Pre-Approval Letter: All interested in touring the property are asked to submit a loan pre-approval letter. To schedule a time for self guided or guided showings of the property kindly call, text, or email:Phone: (484) - Email: 118chesterville@ - Address:118 Chesterville Rd.Landenberg, PA 19350

Repairs Needed

The big house needs a new kitchen, bathrooms and the upstairs needs dry wall, new carpets, insulation most likely, etc. Cottage needs a full update. Garage was rebuilt in 2008 and only needs new garage doors.


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