NOT LISTED FOR SALE

172 Paddock Way Lewes, DE 19958

Estimated Value: $572,000 - $1,093,000

0.47 Acres
$1,590,351 Price per Acre
20,473 Sq Ft Lot

Last Sold February 28, 2024

Last sale price $599,900

Est. 25% increase in value since last sale

Current estimated payment $4,193/month

Highlights

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

About This Lot

As of February 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) 645-2207 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 10/04/2023

Jack Lingo - Lewes

Last Buyer's Agent

Jack Lingo

(302) 645-2207 jack@jacklingo.com Jack Lingo - Lewes License #RS-0019081

Jack Lingo - Lewes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $900

Lot Details

  • 0.47 Acre Lot
  • Property is zoned TN

HOA Fees

  • $250 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 335-8.00-1597.00

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

$900

Lot Details

0.47 Acres

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
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 29.49

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 Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.47
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20345.00
  • Zoning: TN
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 900.00
  • Assessor Parcel Number: 335-8.00-1597.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Feb 28, 2024
Sold by
Olde Town Lewes Lp
Bought by
Ghabour Eddie
Seller's Agent
Carrie Lingo
Jack Lingo - Lewes
Buyer's Agent
Jack Lingo
Jack Lingo - Lewes
List Price
$599,900
Sold Price
$599,900
Views
11
Current Estimated Value
$747,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,565
Avg. Annual Appreciation
11.44%
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
Ghabour Eddie $599,900 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2024 02/28/24 Sold $599,900 0.0% --
10/04/2023 10/04/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $599,900 -- --
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 $1,151 $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

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Map

Source: Bright MLS

MLS Number: DESU2049326

Bright MLS

APN: 335-8.00-1597.00

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