NOT LISTED FOR SALE

11 Illinois Ave Lewes, DE 19958

Lewes Area

Estimated Value: $1,414,000 - $1,880,000

4 Beds
2.5 Baths
-- Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: March 25, 2022

Last sale price $1,275,000 $0 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,170 / mo

180 Days on Market

Highlights

  • Home fronts navigable water
  • Public Water Access
  • Property fronts the bay but unit may not have water views
  • Lewes Elementary School Rated A
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of March 2022

-Location, Location, Location. Lovely Lewes Beach Cottage situated on a roomy and beautifully landscaped corner lot. Don't miss this opportunity to own a home that is 200+/- feet to fun in the sand and bay. This home offers a large first floor master bedroom suite with walk-in closet and master bath. There are 2 other main floor bedrooms, one of which has a nanny suite, and 1 1/2 baths. The entry is to a formal dining room which leads to a large living room with mansard style ceiling and a solarium/sunroom. There is an eat-in kitchen, laundry room with pantry. Flooring is hardwood, tile, and carpet. The second floor has a dormitory that currently accommodates 4 beds and the opportunity to add a 3rd bathroom. A screened atrium, a detached garage, a fenced side and rear yard, outdoor shower, and rear patio area also compliment this home. The crawl space is encapsulate/conditioned. The owner has made many upgrades **please see Seller Disclosure.
-This would make an excellent vacation rental property. In 2016, this property rented for $3500-$4000 per week with an expected increase in rental income for current rental market conditions.
- Don't miss this opportunity to enjoy everything Lewes Beach and the Historical City of Lewes has to offer.

Last Agent to Sell the Property

RUBY SCHAEFFER

(302) 645-6100 schamg@comcast.net Long & Foster Real Estate, Inc. License #RS-0010849 Listed on: 08/26/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Andy Staton

(302) 227-6767 justin.healy@msir.net Monument Sotheby's International Realty License #RS-0016036

Monument Sotheby's International Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,073

Year Built

  • Built in 1947

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60.00 x 144.00
  • Property fronts the bay but unit may not have water views
  • Home fronts navigable water
  • Picket Fence
  • Landscaped
  • Corner Lot
  • Land Lease of $1,956 per year expires in 25 years
  • Property is zoned TN

Home Design

  • Cape Cod Architecture
  • Stick Built Home

Interior Spaces

  • Property has 1.5 Levels
  • Ceiling Fan
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Solarium
  • Home Security System

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Cedar Closet

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • Garage
  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Outdoor Shower
  • Public Water Access
  • Property near a bay
  • Patio

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lewes Beach Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 335-04.15-43.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,073

Year Built

Built in 1947

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Exclusions: Furnishings and personal items
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-08-26
  • Federal Flood Zone: Yes
  • Year Built: 1947
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Carpet, Cedar Closet(s), Ceiling Fan(s), Entry Level Bedroom, Formal/Separate Dining Room, Pantry, Primary Bath(s), Wood Floors
  • Fireplace: No
  • Levels Count: 1.5
  • Room List: Living Room, Dining Room, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1, Laundry, Solarium, Full Bath, Half Bath
  • Basement: No
  • Laundry Type: Main Floor
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Stick Built
  • Exterior Features: Outside Shower, Street Lights
  • Spa: No
  • Water Access Features: Public Access
  • Water Access: Yes
  • Water Body Name: Lewes Beach
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone, Paved Driveway
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Picket
  • Land Lease Amount: 1956.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 25
  • Lot Features: Corner, Landscaping
  • Lot Size Acres: 0.19
  • Lot Dimensions: 60.00 x 144.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5212893
  • School Tax: 1120.00
  • Tax Annual Amount: 2073.00
  • Assessor Parcel Number: 335-04.15-43.00
  • Tax Lot: 11
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Mar 21, 2022
Sold by
Bought by
Seller's Agent
RUBY SCHAEFFER
Long & Foster Real Estate, Inc.
Buyer's Agent
Andy Staton
Monument Sotheby's International Realty
List Price
$1,800,000
Sold Price
$1,275,000
Premium/Discount to List
-$525,000
-29.17%
Current Estimated Value
$1,613,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,239
Avg. Annual Appreciation
6.07%
Original Mortgage
$999,999
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.98%
Mortgage Type
Unknown
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lewes, DE

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $999,999
Previous Owner $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/25/2022 03/25/22 Sold $1,275,000 -15.0% --
02/22/2022 02/22/22 Pending -- -- --
11/29/2021 11/29/21 Price Changed $1,500,000 -9.1% --
09/02/2021 09/02/21 Price Changed $1,650,000 -8.3% --
08/26/2021 08/26/21 For Sale $1,800,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,836 $354,965 $143,903 $211,062
2025 $3,771 $348,006 $141,082 $206,924
2024 $3,702 $341,183 $138,316 $202,867
2023 $3,702 $334,494 $135,604 $198,890
2022 $3,470 $327,937 $132,946 $194,991
2021 $3,415 $321,508 $130,340 $191,168
2020 $3,380 $318,212 $129,004 $189,208
2019 $3,345 $311,974 $126,475 $185,499
2018 $3,280 $305,858 $123,996 $181,862
2017 $3,215 $299,862 $121,565 $178,297
2016 $3,152 $293,983 $119,182 $174,801
2015 $3,104 $289,568 $117,392 $172,176
2014 $2,850 $283,897 $115,093 $168,804
Source: Public Records

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Map

Source: Bright MLS

MLS Number: DESU2000858

Bright MLS

APN: 335-04.15-43.00

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