NOT LISTED FOR SALE

111 Madison Dr Lewes, DE 19958

Estimated Value: $465,000 - $504,085

3 Beds
2 Baths
1,700 Sq Ft
$288/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $435,000 $256 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,611/month

69 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Main Floor Bedroom
  • Lewes Elementary School Rated A
  • Open Floorplan
  • No HOA

About This Home

As of July 2024

Freshly updated and ready to go! Located in Nesbitt Station, this 3 bedroom, 2 bathroom home could be a wonderful First Home, Vacation Home or Investment Property. With newly updated LVP throughout the first level, new carpet, updated Kitchen appliances and cabinets, there is very little left to do. The home is just a short drive from downtown Lewes, with wonderful proximity to shopping, restaurants and more. Ride your bike to downtown Lewes on the bike trail without ever crossing the road.

Last Agent to Sell the Property

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 04/13/2024

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Carrie Lingo

(302) 500-0825 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885

Jack Lingo - Lewes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,061

Year Built

  • Built in 1994

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 138.00 x 169.00
  • Property is zoned AR-1

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Stick Built Home
  • CPVC or PVC Pipes
  • Asphalt
  • Cedar
  • Tile

Interior Spaces

  • 1,700 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Carpet
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association
  • Nesbitt Station Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 334-05.00-743.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,061

Year Built

Built in 1994

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Sussex De Quadrants: Between Rt 113 & 13
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1994
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Water Heater
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Dining/Living, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Traditional
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1700
  • Living Area Sq Ft: 1700
  • Price Per Sq Ft: 258.24
  • Above Grade Finished Sq Ft: 1700
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asphalt, Block, Cedar, Cpvc/Pvc, Stick Built, Tile
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.46
  • Lot Dimensions: 138.00 x 169.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20038.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 965.00
  • Tax Annual Amount: 1061.00
  • Assessor Parcel Number: 334-05.00-743.00
  • Tax Lot: 11
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2024
Closed on
Jul 19, 2024
Sold by
Rex Inc and Rex1 Inc
Bought by
Schmidt Michael Lee and Schmidt Rebecca Danielle
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$469,000
Sold Price
$435,000
Premium/Discount to List
-$34,000
-7.25%
Views
939
Current Estimated Value
$489,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,271
Avg. Annual Appreciation
8.10%
Original Mortgage
$444,352
Outstanding Balance
$439,045
Interest Rate
6.99%
Mortgage Type
VA
Estimated Equity
$50,226

Purchase Details

Closed on
Jul 26, 1994
Bought by
Rex Inc
Source: Public Records

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 Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schmidt Michael Lee -- None Listed On Document
Rex Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Michael Lee $444,352
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2024 07/19/24 Sold $435,000 -0.9% $256 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $439,000 -2.2% $258 / Sq Ft
05/01/2024 05/01/24 Price Changed $449,000 -4.3% $264 / Sq Ft
04/13/2024 04/13/24 For Sale $469,000 -- $276 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $851 $21,550 $6,900 $14,650
2024 $1,062 $21,550 $6,900 $14,650
2023 $1,061 $21,550 $6,900 $14,650
2022 $1,024 $21,550 $6,900 $14,650
2021 $1,015 $21,550 $6,900 $14,650
2020 $1,012 $21,550 $6,900 $14,650
2019 $1,013 $21,550 $6,900 $14,650
2018 $946 $21,550 $0 $0
2017 $906 $21,550 $0 $0
2016 $861 $21,550 $0 $0
2015 $823 $21,550 $0 $0
2014 $816 $21,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lee Ann Wilkinson

    Seller's Agent in 2024

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    1,019 in this area

    1,818 Total Sales

    Lee Ann Wilkinson
    Section Image
  • Carrie Lingo

    Buyer's Agent in 2024

    Carrie Lingo

    Jack Lingo - Lewes

    (302) 500-0825

    481 in this area

    774 Total Sales

    Carrie Lingo
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2059514

Bright MLS

APN: 334-05.00-743.00

Delaware Sussex County Lewes 19958

111 Madison Dr, Lewes, DE

Not Listed for Sale

Detached

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