NOT LISTED FOR SALE

116 W 3rd St Lewes, DE 19958

Estimated Value: $1,008,010 - $1,622,000

2 Beds
3 Baths
2,201 Sq Ft
$574/Sq Ft Est. Value

Last Sold February 06, 2023

Last sale price $1,295,000 $588 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,943/month

184 Days on Market

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • Garden View
  • Lewes Elementary School Rated A
  • Wood Flooring
  • 1-minute walk to Zwaanendsle Park

About This Home

As of February 2023

You could own a piece of history! This home in the heart of historic Lewes features both retail space and a residential living area, as well as a rare connection to the past of the “First Town in the First State.” Close to the downtown commercial district and both Lewes Beach and neighboring Rehoboth, this property is a true gem at the Delaware beaches.

Today, this property features two commercial showrooms on the first level, as well as a two bedroom, two bathroom apartment above. The building was completely renovated in the 1980s and is just waiting today for the right owner to make the structure’s history come to life.

Originally the Lewes Firehouse & Lockup, this property oozes history and is a rare opportunity to own a piece of the city’s past. Oh, if these walls could talk!

While once the fire station and jail, the property has also served as the Lewes Town office, a school house, a Boy Scout Center and a meeting hall since its construction in the final years of the 19th century.
The residential space is partially furnished and features a full kitchen, a dining area and a living room, with plenty of space for future additions and generated $30K in vacation rental income in 2022.

The backyard area offers a rare chance in downtown Lewes to relax and enjoy a little peace and quiet with its shade and tranquility. Come and see for yourself by scheduling an appointment to view this historic First State property today. Why wait another day?

Last Agent to Sell the Property

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091 Listed on: 07/05/2022

Compass

Co-Listed By

Martina McCrea

(443) 452-9909 martina@theoldfathergroup.com Compass License #RS0036542

Last Buyer's Agent

Ann Marie Germano

(732) 740-4594 agermano@psre.com Patterson-Schwartz-Middletown

Patterson-Schwartz-Middletown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,940

Year Built

  • Built in 1897 | Remodeled in 1985

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 44.00 x 122.00
  • Downtown Location
  • East Facing Home
  • Wood Fence
  • Corner Lot
  • Back Yard Fenced
  • Historic Home
  • Property is in excellent condition
  • Property is zoned TN

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Metal Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • 2,201 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Partially Furnished
  • Crown Molding
  • Recessed Lighting
  • Window Treatments
  • Living Room
  • Dining Room
  • Garden Views
  • Stacked Electric Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Oil Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot W/IMP
  • Assessor Parcel Number 335-08.07-193.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,940

Year Built

Built in 1897 | Remodeled in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: Yes
  • Inclusions: Upstairs apartment furniture included, less personal items.
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1897
  • Year Renovated: 1985
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Microwave, Refrigerator, Water Heater, Washer, Dryer - Electric, Washer/Dryer Stacked
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Dining Area, Primary Bath(s), Recessed Lighting, Store/Office, Crown Moldings, Floor Plan - Traditional, Window Treatments, Wood Floors
  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Primary Bathroom, Full Bath, Additional Bedroom
  • Basement: No
  • Total Sq Ft: 2201
  • Living Area Sq Ft: 2201
  • Price Per Sq Ft: 636.07
  • Above Grade Finished Sq Ft: 2201
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Cedar
  • Exterior Features: Street Lights, Sidewalks
  • Roof: Metal
  • 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
  • Parking Features: Paved Parking
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Oil
  • Heating Type: Zoned, Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • 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: Rear, Wood
  • Lot Features: Corner, Rear Yard
  • Lot Size Acres: 0.12
  • Lot Dimensions: 44.00 x 122.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Property Condition: Excellent
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Vacation Rental: Yes

Tax Info

  • School Tax: 878.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1940.00
  • Assessor Parcel Number: 335-08.07-193.00
  • Tax Lot: W/IMP
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2022
Closed on
Mar 28, 2023
Sold by
Michael J Rawl J and Michael Mary J
Bought by
B-Leigh Enterprises Llc
Seller's Agent
Dustin Oldfather
Compass
Buyer's Agent
Ann Marie Germano
Patterson-Schwartz-Middletown
List Price
$1,400,000
Sold Price
$1,295,000
Premium/Discount to List
-$105,000
-7.5%
Views
153
Current Estimated Value
$1,284,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,901
Avg. Annual Appreciation
-0.84%
Original Mortgage
$1,948,500
Outstanding Balance
$1,624,633
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
-$360,630

Purchase Details

Closed on
Jun 1, 2015
Sold by
Rawl Mary J and Rawl Michael J
Bought by
The Michael J Rawl And Mary J Rawl Joint
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
B-Leigh Enterprises Llc $1,295,000 --
The Michael J Rawl And Mary J Rawl Joint -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open B-Leigh Enterprises Llc $1,948,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2023 02/06/23 Sold $1,295,000 -7.5% $588 / Sq Ft
07/05/2022 07/05/22 For Sale $1,400,000 -- $636 / 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 $2,597 $20,600 $3,050 $17,550
2024 $1,015 $20,600 $3,050 $17,550
2023 $1,014 $20,600 $3,050 $17,550
2022 $979 $20,600 $3,050 $17,550
2021 $970 $20,600 $3,050 $17,550
2020 $967 $20,600 $3,050 $17,550
2019 $969 $20,600 $3,050 $17,550
2018 $905 $20,600 $0 $0
2017 $866 $20,600 $0 $0
2016 $823 $20,600 $0 $0
2015 $786 $20,600 $0 $0
2014 $781 $20,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2024902

Bright MLS

APN: 335-08.07-193.00