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A 200-acre property positioned 20 miles outdoors of Philadelphia and owned by Rockefeller household descendants has offered for $24 million, The Wall Avenue Journal reported.

The property was listed for $29.9 million in 2022, Compass itemizing agent Lavinia Smerconish instructed The WSJ. Relationship to the late 1700s, the property often called Kirkwood Farm options 5 historic farmhouses various in measurement between 1,750 to 2,900 sq. toes. The property additionally contains two barns and a springhouse.

Sellers of the property embody William Rockefeller Jr.’s grandson Roy Jackson and his kids, in line with property data. William Rockefeller Jr. helped create the Customary Oil Co. along with his brother John D. Rockefeller. The property has been within the household for generations, and this marks the primary time it has been in the marketplace in over 90 years, in line with the itemizing description.

In the previous couple of years, the land was utilized by a searching membership and a lot of the residences had been rented out, Smerconish instructed The WSJ.

A farmhouse on the property | Zillow

The customer was not instantly recognized however doesn’t intend to develop the property, in line with the client’s agent Kim Whetzel, of Kurfiss Sotheby’s Worldwide Realty, who co-represented the client with Ellen Hass, additionally of Kurfiss Sotheby’s.

The property additionally options expansive pastures, hillsides, a fringe of centennial bushes and the Yarnell Run stream. The residences date to the 18th and nineteenth centuries, in line with Smerconish, a few of that are product of fieldstone.

The median sale value of a house in Chester County, the place the farm is positioned, was $446,000 in February, down 0.89 p.c yr over yr, in line with Redfin.

E mail Lillian Dickerson