NOT LISTED FOR SALE

112 Madison Ave Lewes, DE 19958

Estimated Value: $870,000 - $1,022,000

4 Beds
2.5 Baths
1,568 Sq Ft
$593/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $800,000 $510 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,937/month

69 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Victorian Architecture
  • Lewes Elementary School Rated A
  • Garden View
  • 4-minute walk to Stango Park

About This Home

As of September 2023

TIMELESS BEAUTY emanates from this historic victorian home located in desirable downtown Lewes! Deemed "The Blue Lady", this home was originally built in 1898, and renovated throughout the years, this property withstands the test of time with three levels of hardwood flooring, exposed beams, updated galley kitchen, light-filled sunroom, and more! Special bonus for in-town living is the backyard featuring detached guest quarters with attached storage shed, expansive deck, BBQ area with full outdoor bath - perfect for rinsing off after the beach, detached screened porch with awning, screened in gazebo & extensive landscaping. A great home for year-round use, or a fantastic investment as a vacation rental. *Home features a curb cut for off-street parking if desired; slight exterior home modifications may be necessary to make room for a future driveway.*

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: 05/24/2023

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Tammie Golden

(302) 521-1756 tammiegolden@comcast.net Tesla Realty Group, LLC License #RS-0013628

Tesla Realty Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $765

Year Built

  • Built in 1898 | Remodeled in 2007

Lot Details

  • 4,505 Sq Ft Lot
  • Lot Dimensions are 40.53 x 113.73 x 34.10 x 115.00
  • Split Rail Fence
  • Partially Fenced Property
  • Wood Fence
  • Landscaped
  • Extensive Hardscape
  • Back Yard
  • Property is zoned TN

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Asbestos
  • Stick Built Home

Interior Spaces

  • 1,568 Sq Ft Home
  • Property has 2 Levels
  • Built-In Features
  • Wainscoting
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Window Screens
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Screened Porch
  • Garden Views
  • Crawl Space

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Screened Patio
  • Gazebo
  • Office or Studio
  • Shed
  • Outbuilding
  • Outdoor Grill

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Hot Water Baseboard Heater
  • Oil Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 335-08.12-69.05

Home Details

Home Type

Single Family

Est. Annual Taxes

$765

Year Built

Built in 1898 | Remodeled in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1898
  • Year Renovated: 2007
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Microwave, Washer, Dryer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Dining Area, Kitchen - Galley, Recessed Lighting, Skylight(s), Wainscotting, Wood Floors
  • Window Features: Skylights, Screens
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1, Sun/Florida Room, In-Law/AuPair/Suite, Full Bath, Half Bath, Screened Porch
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1568
  • Living Area Sq Ft: 1568
  • Price Per Sq Ft: 542.03
  • Above Grade Finished Sq Ft: 1568
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Gazebo, Shed, Office/Studio
  • Construction Materials: Brick, Asbestos, Stick Built
  • Exterior Features: Extensive Hardscape, Bbq Grill, Outside Shower, Outbuilding(s), Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • Spa: No
  • View: Garden/Lawn, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ductless/Mini-Split
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Partially, Wood, Split Rail
  • Lot Features: Landscaping, Rear Yard
  • Lot Size Acres: 0.10
  • Lot Dimensions: 40.53 x 113.73 x 34.10 x 115.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4505.00
  • Outdoor Living Structures: Deck(s), Porch(es), Enclosed, Screened, Patio(s)
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 302.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 765.00
  • Assessor Parcel Number: 335-08.12-69.05
  • Tax Lot: 7
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Sep 1, 2023
Sold by
Dunne Christine Teresa
Bought by
Condon Stephen William and Porter Edward Arthur
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Tammie Golden
Tesla Realty Group, LLC
List Price
$899,900
Sold Price
$800,000
Premium/Discount to List
-$99,900
-11.1%
Views
411
Current Estimated Value
$930,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,267
Avg. Annual Appreciation
6.54%
Original Mortgage
$720,000
Outstanding Balance
$704,295
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$225,972
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Condon Stephen William $800,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Condon Stephen William $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $800,000 -5.9% $510 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
06/30/2023 06/30/23 Price Changed $849,900 -5.6% $542 / Sq Ft
05/24/2023 05/24/23 For Sale $899,900 -- $574 / 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 $1,437 $7,000 $3,100 $3,900
2024 $345 $7,000 $3,100 $3,900
2023 $345 $7,000 $3,100 $3,900
2022 $333 $7,000 $3,100 $3,900
2021 $330 $7,000 $3,100 $3,900
2020 $329 $7,000 $3,100 $3,900
2019 $329 $7,000 $3,100 $3,900
2018 $307 $7,000 $0 $0
2017 $294 $7,000 $0 $0
2016 $280 $7,000 $0 $0
2015 $242 $6,350 $0 $0
2014 $241 $6,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2041954

Bright MLS

APN: 335-08.12-69.05