Mortgage free homes available with one catch
Curators are being offered a lifetime rent-free lease on several historic homes in New Castle County.
New Castle County is offering lifetime leases on several historic homes rent-free. The only catch is the lessee will be required to invest at least $150,000 worth of improvements in the property to preserve, restore, or reconstruct the buildings. In addition to a lifetime rent-free lease, curators will not have to pay property taxes on their land.
The county will host an open house at two of the locations available on Saturday April 17. The Ivyside Farmhouse at Bechtel Park on Naamans Road was built in the mid-1800’s. The house will be open from 9 a.m. to noon next Saturday. The Tally-Day House on Foulk Road was built in 1847. The property includes some outlying buildings which are in various condition. That house will be open from 1 p.m. to 4 p.m. also next Saturday.
The county has posted more details about the program on its website.
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