NOT LISTED FOR SALE

162 Paddock Way Lewes, DE 19958

Estimated Value: $261,000 - $1,375,000

0.23 Acre
$3,004,570 Price per Acre
10,125 Sq Ft Lot

Last Sold March 01, 2024

Last sale price $514,900

Est. 34% increase in value since last sale

Current estimated payment $4,000/month

Highlights

  • Community Pool
  • Lewes Elementary School Rated A
  • Jogging Path

About This Lot

As of March 2024

Welcome to Lewes’ latest custom home community known as Olde Town! This community will feature 85 homesites with no builder tie-in, all situated within one mile of Lewes Beach, Cape Henlopen State Park, and all the downtown restaurants and shopping attractions. The amenities include a pool, pool house, sidewalks, walking trails and direct access to the 16-mile Junction & Breakwater Trail that spans from Lewes to Rehoboth Beach. Many of the lots will feature a wooded backdrop, pond views and some will have expansive views of White’s Pond. Olde Town is the most exciting opportunity at the Delaware beaches!

Last Agent to Sell the Property

Carrie Lingo

(302) 500-0825 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 01/05/2024

Jack Lingo - Lewes

Last Buyer's Agent

Carrie Lingo

(302) 500-0825 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 01/05/2024

Jack Lingo - Lewes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $500

Lot Details

  • 10,125 Sq Ft Lot
  • Lot Dimensions are 75x135
  • Property is zoned TN

HOA Fees

  • $250 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 335-8.00-1600.00

Community Details

Overview

  • $4,000 Capital Contribution Fee
  • Association fees include common area maintenance, management, pool(s), snow removal
  • $2,600 Other One-Time Fees
  • Olde Town Subdivision

Amenities

  • Common Area

Recreation

  • Community Pool
  • Jogging Path
  • Bike Trail

Property Details

Property Type

Land

Est. Annual Taxes

$500

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Lewes’ latest custom home community known as Olde Town! This community will feature 85 homesites with no builder tie-in, all situated within one mile of Lewes Beach, Cape Henlopen State Park, and all the downtown restaurants and shopping attractions. The amenities include a pool, pool house, sidewalks, walking trails and direct access to the 16-mile Junction & Breakwater Trail that spans from Lewes to Rehoboth Beach. Many of the lots will feature a wooded backdrop, pond views and some will have expansive views of White’s Pond. Olde Town is the most exciting opportunity at the Delaware beaches!
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 50.85
  • Street Number Modifier: 162

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

  • HOA Fees: 3000.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Common Grounds, Jog/Walk Path, Pool - Outdoor, Bike Trail
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Snow Removal
  • HOA: Yes

Fee Information

  • Other Fees: 2600.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 4000.00

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.23
  • Lot Dimensions: 75x135
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10125.00
  • Zoning: TN
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 500.00
  • Assessor Parcel Number: 335-8.00-1600.00
  • Close Date: 03/01/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Feb 23, 2024
Sold by
Olde Town Lewes Lp
Bought by
Mcgovern Michael P and Mcgovern Xiu-Hua
Seller's Agent
Carrie Lingo
Jack Lingo - Lewes
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$514,900
Sold Price
$514,900
Views
9
Current Estimated Value
$691,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,151
Avg. Annual Appreciation
20.05%
Source: Public Records

Range of Values:

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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
Mcgovern Michael P $514,900 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 Sold $514,900 0.0% --
01/05/2024 01/05/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $514,900 -- --
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 $1,029 $89,850 $89,850 $0
2024 $370 $89,850 $89,850 $0
2023 $369 $89,850 $89,850 $0
Source: Public Records

Agents Affiliated with this Home

  • Carrie Lingo

    Seller's Agent in 2024

    Carrie Lingo

    Jack Lingo - Lewes

    (302) 500-0825

    534 in this area

    857 Total Sales

    Carrie Lingo
    Section Image
  • Katie Green

    Buyer Co-Listing Agent in 2024

    Katie Green

    Jack Lingo - Lewes

    (302) 236-1661

    17 in this area

    24 Total Sales

    Katie Green
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2053826

Bright MLS

APN: 335-8.00-1600.00

Delaware Sussex County Lewes 19958

162 Paddock Way, Lewes, DE

This home is located at 162 Paddock Way, Lewes, DE 19958 since 05 January 2024 and is currently estimated at $691,051. 162 Paddock Way is a home located in Sussex County with nearby schools including Lewes Elementary School, Mariner Middle School, and Cape Henlopen High School.

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