$699,000

119 N Walnut St

MILFORD DE, 19963

Description

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 However, the House of Representatives repealed the incorporation of the Bank of Milford in 1852 due to allegations of fraud by three of the shareholders.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.

Details

MLS#DEKT237426
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
Status10000069142
Year1857
Days On Site292

Features

Bed(s)6
Bath(s) 7 Total
SQ Feet5,852
Garage1
PoolYes
Acreage0.22
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Area Information
StateDE
CountyKENT-DE
CityMILFORD
Zip Code19963
AreaMilford (30805)
Community NameNONE AVAILABLE
School DistrictMILFORD
Listing VS Median (in NONE AVAILABLE)
Price:
$699,000
low | high
Med:
$274,000
100% of Average
SqFt:
5,852
low | high
Med:
1,506
100% of Average
$ / SqFt:
$119
low | high
Med:
$191
9.615397062336% of Average
On Site:
292
low | high
Med:
181.5
100% of Average
Listing Updated: January 18, 2021 8:28:31 PM PST
Yvonne M Hall LogoMLS Number: DEKT237426
Listing Provided By:
Yvonne M Hall  of  Keller Williams Realty Central-Delaware
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

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