40 Kingswood Lane

Description

One acre residential building lot on Kingswood Lane, especially good for a house plan with both a first and second floor master bedroom. This is a conforming or "by-right" building lot on an already improved street with an existing curb cut for a driveway and it needs no special municipal approvals. This lot was part of a large subdivision called Kingswood Crossing II that was developed by Southdown Properties circa 1999. The landowners sold about 50 acres to Southdown and reserved this lot for themselves, however they never built a home and the lot sat undeveloped and it later became part of their estate and handed down to heirs. The original subdivision plan was recorded 5/19/1994 in Chester County Plan Book #12487 which was prepared by Chester Valley Engineers, Inc. At the time of original development all of the lots were required to have two percolation areas or sites, a septic design/permit and a well location, including this lot. The septic permit and perk tests are no longer current but the Buyer can make their purchase contingent on the necessary approvals, even for their house plan being approved. The street, curbs and driveway curb cut are already in place. Total new impervious surface for this lot should be 6,272 sq. ft. or less as the #9 note on the plan explains that total impervious surface for this lot #21 should be 14.4% or less. See #9 note in documents in MLS including subdivision plan and GIS Map. Seller will finance lot with a 30% deposit with a purchase money mortgage in first position. Call co-listing agent for terms or any questions.