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New, large housing development planned for Cumberland Valley School District

The Cumberland Valley School District could soon see another large housing development pop up. Under the name Millfording Investments, the principals at Lemoyne-based RSR Realtors have purchased a 137-acre farm at South Middlesex and Claremont roads in Middlesex Township for $2.3 million. Plans are being developed for a yet-to-be named community that could include 200 to 300 single-family homes, according to RSR officials. RSR Founder Bill Rothman said he expects a plan could come before the township within the next 90 to 120 days. “We will have builders that will be exclusive to the neighborhood. They will be buying lots and building (speculative) houses and custom jobs,” he said, which would be comparable to what RSR has done in Silver Spring Township with its Millfording Highlands and Millfording Preserve projects on Sample Bridge Road. RSR will hold a groundbreaking Sept. 12 for the latter, which is a 90-acre community with 67 lots. Garrett Rothman, RSR’s broker of record, said 12 of the first 25 lots have been presold to the four builders – EG Stoltzfus Homes LLC, Landmark Homes, Fred Tiday Builders Inc. and Beracah Builders – for spec houses.

The second phase of the Preserve, which expects to take about four years to develop, will include the remaining 42 lots. The homes in the Preserve are going to be priced from mid-$300,000 to the high-$400,000s, Garrett Rothman said. Demand should be strong because it’s in the Cumberland Valley School District, he said, especially from buyers who missed out on the Highlands and from others who are relocating from outside of Pennsylvania to the midstate for work. “People relocating to the area for work from out of state do their research and pinpoint Silver Spring Township and CV schools. And they want new construction,” he said.

The Middlesex Township project would be about 5 miles from the high school and 20 minutes from downtown Harrisburg, Bill Rothman said. It’s likely that prices would be slightly lower in the pending proposal, his son said. “If we were building right now, Middlesex would be more low-$300,000s up to low-$400,000s,” Garrett Rothman said. “I think as you get further away from Harrisburg the prices tend to go down somewhat.”

You can read the article from the Central Penn Business Journal here.

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