NOT LISTED FOR SALE

114 Madison Dr Lewes, DE 19958

Estimated Value: $523,000 - $609,000

3 Beds
2 Baths
2,000 Sq Ft
$286/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $563,000 $282 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,058/month

4 Days on Market

Highlights

  • Parking available for a boat
  • Gourmet Kitchen
  • Open Floorplan
  • Lewes Elementary School Rated A
  • 0.57 Acre Lot
  • Rambler Architecture

About This Home

As of September 2024

Beautifully remodeled gourmet kitchen and updated baths, an added 3 season sunroom and a large, private fenced in yard are a few of the features that make this property Home. Open gathering areas in the center of house are bookended by a primary en-suite bedroom and 2 additional bedrooms sharing a full hall bath. Conveniently located in an established community without an HOA. This well cared for property is move-in ready. Come take a look!

Last Agent to Sell the Property

Elyse Maher

(302) 448-1927 ellie4beaches@gmail.com Iron Valley Real Estate at The Beach License #RS0025529 Listed on: 08/18/2024

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Paula Williams

(301) 332-7608 molly@seasideseven.com Long & Foster Real Estate, Inc. License #RS-0037050

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,448

Year Built

  • Built in 2003

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 80.00 x 190.00
  • Privacy Fence
  • Vinyl Fence
  • Corner Lot
  • Property is in excellent condition
  • Property is zoned AR-1

Parking

  • 2 Car Direct Access Garage
  • 3 Driveway Spaces
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Garage Door Opener
  • Parking available for a boat

Home Design

  • Rambler Architecture
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Combination Kitchen and Dining Room
  • Ceramic Tile Flooring
  • Crawl Space

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Outdoor Features

  • Outbuilding

Utilities

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

Community Details

  • No Home Owners Association
  • Nesbitt Station Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-05.00-764.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,448

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: kitchen island stools
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-08-18
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Washer, Water Heater, Oven/Range - Gas
  • Flooring Type: Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Kitchen - Gourmet
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 274.50
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Boat Storage, Outbuilding(s)
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Additional Storage Area, Garage Door Opener, Garage - Rear Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 3
  • Off Street Parking Spaces: 1

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: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

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

  • Fencing: Vinyl, Privacy
  • Lot Size Acres: 0.57
  • Lot Dimensions: 80.00 x 190.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24829.00
  • Property Condition: Excellent
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 1317.00
  • Tax Annual Amount: 1448.00
  • Assessor Parcel Number: 334-05.00-764.00
  • 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
Aug 18, 2024
Closed on
Sep 23, 2024
Sold by
Tricarico Janice A and Dimodugno Patricia E
Bought by
Vu Christina Y
Seller's Agent
Elyse Maher
Iron Valley Real Estate at The Beach
Buyer's Agent
Paula Williams
Long & Foster Real Estate, Inc.
List Price
$549,000
Sold Price
$563,000
Premium/Discount to List
$14,000
2.55%
Views
45
Current Estimated Value
$572,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,180
Avg. Annual Appreciation
1.21%
Original Mortgage
$534,850
Outstanding Balance
$528,860
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$43,320

Purchase Details

Closed on
Nov 8, 2013
Sold by
Tobin Susan E and Tobin Linda
Bought by
Tricarico Janice A and Di Modugno Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Source: Public Records
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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
Vu Christina Y $563,000 None Listed On Document
Vu Christina Y $563,000 None Listed On Document
Tricarico Janice A $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vu Christina Y $534,850
Closed Vu Christina Y $534,850
Previous Owner Tricarico Janice A $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $563,000 +2.6% $282 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/18/2024 08/18/24 For Sale $549,000 -- $275 / 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 $1,013 $28,000 $7,000 $21,000
2024 $949 $28,000 $7,000 $21,000
2023 $948 $28,000 $7,000 $21,000
2022 $897 $28,000 $7,000 $21,000
2021 $984 $28,000 $7,000 $21,000
2020 $980 $28,000 $7,000 $21,000
2019 $1,382 $28,000 $7,000 $21,000
2018 $1,230 $28,000 $0 $0
2017 $1,178 $28,000 $0 $0
2016 $1,118 $28,000 $0 $0
2015 $1,036 $27,150 $0 $0
2014 $1,029 $27,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2067406

Bright MLS

APN: 334-05.00-764.00