NOT LISTED FOR SALE

1502 Cedar St Lewes, DE 19958

Estimated Value: $2,042,730 - $2,304,000

4 Beds
4 Baths
3,372 Sq Ft
$645/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $1,237,500 $367 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $11,748/month

26 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • Coastal Architecture
  • Wood Flooring
  • Lewes Elementary School Rated A
  • Vaulted Ceiling
  • Main Floor Bedroom

About This Home

As of September 2018

CUSTOM BUILT ON LEWES BEACH! Luxury 4 bedroom, 4 bathroom beach home with tons of upgrades throughout! Inverted floor plan featuring multiple porches and balconies, gourmet eat-in kitchen with granite countertops, huge center island, & double wall ovens, formal dining room, built-in book cases, 3 ensuite bedrooms, including the master with a luxury bath and walk-in closets, an out door shower, ample storage, and much more! Just steps from the beach and a short bike ride to Historic Lewes. Call today to schedule a private tour!

Last Agent to Sell the Property

Lee Ann Wilkinson

(302) 645-6661 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 06/22/2018

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Lee Ann Wilkinson

(302) 645-6661 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 06/22/2018

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,533

Year Built

  • Built in 2006

Lot Details

  • 6,996 Sq Ft Lot
  • Lot Dimensions are 70x100
  • Land Lease

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Driveway

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Aluminum Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Elevator
  • Built-In Features
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Living Room
  • Formal Dining Room
  • Den
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Screened Patio
  • Porch

Utilities

  • Cooling System Utilizes Bottled Gas
  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Water Treatment System
  • Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Community Details

  • No Home Owners Association
  • Lewes Beach Subdivision

Listing and Financial Details

  • Tax Lot -72.00
  • Assessor Parcel Number 335-04.15-72.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,533

Year Built

Built in 2006

Lot Details

6,996 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Reverse
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Land Lease
  • Exclusions: 2 dining room chandeliers, Tiffany light fixture over Kitchen Table , 2 dining room sconces.
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven - Wall, Oven - Double, Washer, Water Heater
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Attic, Ceiling Fan(s), Entry Level Bedroom, Elevator, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Upgraded Countertops, Walk-In Closet(s), Window Treatments, Water Treat System, Built-Ins
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings, Tray Ceilings, Vaulted Ceilings
  • Foundation Details: Block
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 5, Kitchen, Study, Bathroom 2, Bathroom 3
  • Basement: No
  • Total Sq Ft: 4823
  • Living Area Sq Ft: 3372
  • Price Per Sq Ft: 384.05
  • Above Grade Finished Sq Ft: 3372
  • Above Grade Unfinished Sq Ft: 1451
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Aluminum Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • 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
  • Garage Features: Garage Door Opener, Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air
  • Heating: Yes
  • 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

  • Land Lease Amt Freq: Unknown
  • Lot Size Acres: 0.16
  • Lot Dimensions: 70x100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6996.00
  • Outdoor Living Structures: Porch(es), Screened, Balcony
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5212926
  • School Tax: 2809.00
  • Tax Annual Amount: 4533.00
  • Assessor Parcel Number: 335-04.15-72.00
  • Tax Lot: -72.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2018
Closed on
Aug 29, 2018
Sold by
Lewes City Of
Bought by
Gibbons Gayle G
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,295,000
Sold Price
$1,237,500
Premium/Discount to List
-$57,500
-4.44%
Current Estimated Value
$2,175,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$938,183
Avg. Annual Appreciation
7.79%

Purchase Details

Closed on
Mar 21, 2016
Bought by
Gibbons Gayle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,400
Interest Rate
3.73%
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
Gibbons Gayle G -- --
Gibbons Gayle -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibbons Gayle $149,400
Previous Owner Gibbons Gayle --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2018 09/14/18 Sold $1,237,500 -4.4% $367 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
06/22/2018 06/22/18 For Sale $1,295,000 -- $384 / Sq Ft
Source: Bright MLS

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 $3,650 $74,700 $7,000 $67,700
2024 $3,509 $74,700 $7,000 $67,700
2023 $3,506 $74,700 $7,000 $67,700
2022 $3,384 $74,700 $7,000 $67,700
2021 $3,353 $74,700 $7,000 $67,700
2020 $3,343 $74,700 $7,000 $67,700
2019 $3,348 $74,700 $7,000 $67,700
2018 $2,880 $74,700 $0 $0
2017 $3,141 $74,700 $0 $0
2016 $2,484 $74,700 $0 $0
2015 $2,351 $74,700 $0 $0
2014 $2,330 $74,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001938626

Bright MLS

APN: 335-04.15-72.00

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