NOT LISTED FOR SALE

17278 King Phillip Way Unit 60 Lewes, DE 19958

Estimated Value: $367,754 - $517,000

3 Beds
2.5 Baths
1,800 Sq Ft
$258/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $400,000 $222 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,757/month

24 Days on Market

Highlights

  • Contemporary Architecture
  • Vaulted Ceiling
  • Open Floorplan
  • Lewes Elementary School Rated A
  • Attic
  • Screened Porch

About This Home

As of January 2023

** Buyer Incentive - The seller is offering a $5,000 closing cost credit with an acceptable offer for you to use toward whatever upgrade you'd prefer! Use the credit for an interest rate buydown, help with your closing costs, upgrade the counters, or buy new appliances! ** Welcome to Reserves of Nassau! This 3 bedroom, 2.5 bath townhome is located east of Route 1, less than 5 miles to historic downtown Lewes and Lewes Beach. The main floor has a bright and open 2 story living room, as well as an open concept family room, dining room, and kitchen. The kitchen has plenty of cabinet space and a large pantry. The entire main level has been improved with low maintenance wood-tone laminate flooring and the upstairs bedroom carpets have been updated as well. Upstairs is a large primary bedroom with en-suite bath, as well as 2 additional spacious bedrooms and full guest bath. There are three outdoor living areas including a covered front porch, screened porch off of the family room, and a concrete patio in the backyard. The Lewes-Georgetown Trail is adjacent to the property, providing easy access to downtown, the beach, and connections to the Junction-Breakwater Trail! Enjoy amazing breads and pastries from Old World Bakery and distinctive libations from Beach Time Distilling which are both located just around the corner from the townhome. The Reserves of Nassau has an in-ground outdoor pool to enjoy during the hot summer months. In addition to the one car attached garage, there is an additional parking space in front of the townhome and plenty of extra parking for guests. This is a perfect home for full time residents, vacation homeowners, and investors!

Last Agent to Sell the Property

Scott Wagner

(302) 727-1981 scottwagnerhomes@gmail.com Keller Williams Realty License #RS-0022935 Listed on: 11/17/2022

Keller Williams Realty

Last Buyer's Agent

Michael Ross

(301) 751-7741 84michaelross@comcast.net Sea Grace @ North Beach Realtors

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,233

Year Built

  • Built in 2005

Lot Details

  • 4,225

HOA Fees

  • $253 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Driveway Space
  • Front Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 2 Levels
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Screens
  • Family Room
  • Open Floorplan
  • Living Room
  • Dining Room
  • Screened Porch
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Stacked Electric Washer and Dryer

Outdoor Features

  • Screened Patio

Utilities

  • Forced Air Heating and Cooling System
  • Propane Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-05.00-81.00-60

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, pool(s), reserve funds, road maintenance, snow removal
  • Reserves Of Nassau Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,233

Year Built

Built in 2005

Lot Details

0

HOA Fees

$253 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: ** Buyer Incentive - The seller is offering a $5,000 closing cost credit with an acceptable offer for you to use toward whatever upgrade you'd prefer! Use the credit for an interest rate buydown, help with your closing costs, upgrade the counters, or buy new appliances! ** Welcome to Reserves of Nassau! This 3 bedroom, 2.5 bath townhome is located east of Route 1, less than 5 miles to historic downtown Lewes and Lewes Beach. The main floor has a bright and open 2 story living room, as well as an open concept family room, dining room, and kitchen. The kitchen has plenty of cabinet space and a large pantry. The entire main level has been improved with low maintenance wood-tone laminate flooring and the upstairs bedroom carpets have been updated as well. Upstairs is a large primary bedroom with en-suite bath, as well as 2 additional spacious bedrooms and full guest bath. There are three outdoor living areas including a covered front porch, screened porch off of the family room, and a concrete patio in the backyard. The Lewes-Georgetown Trail is adjacent to the property, providing easy access to downtown, the beach, and connections to the Junction-Breakwater Trail! Enjoy amazing breads and pastries from Old World Bakery and distinctive libations from Beach Time Distilling which are both located just around the corner from the townhome. The Reserves of Nassau has an in-ground outdoor pool to enjoy during the hot summer months. In addition to the one car attached garage, there is an additional parking space in front of the townhome and plenty of extra parking for guests. This is a perfect home for full time residents, vacation homeowners, and investors!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater, Oven - Single
  • Entry Floor: 1
  • Flooring Type: Carpet, Laminate Plank
  • Interior Amenities: Attic, Breakfast Area, Combination Kitchen/Dining, Combination Kitchen/Living, Ceiling Fan(s), Carpet, Combination Dining/Living, Dining Area, Pantry, Primary Bath(s)
  • Window Features: Screens
  • Fireplace: No
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Slab
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Laundry, Bathroom 2, Primary Bathroom, Half Bath, Screened Porch
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 230.00
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 17278

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway, Attached Garage
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 253.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es), Screened
  • Year Assessed: 2022
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5207921
  • School Tax: 1118.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1233.00
  • Assessor Parcel Number: 334-05.00-81.00-60
  • Tax Total Finished Sq Ft: 165
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/19/2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Jan 19, 2023
Sold by
Jacobs Richard K
Bought by
Sirhal Timothy and Hamilton Anne M
Seller's Agent
Scott Wagner
Keller Williams Realty
Buyer's Agent
Michael Ross
Sea Grace @ North Beach Realtors
List Price
$419,000
Sold Price
$400,000
Premium/Discount to List
-$19,000
-4.53%
Views
70
Current Estimated Value
$464,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,689
Avg. Annual Appreciation
5.56%
Original Mortgage
$250,000
Outstanding Balance
$241,881
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$222,808
Source: Public Records

Range of Values:

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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
Sirhal Timothy $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sirhal Timothy $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2023 01/19/23 Sold $400,000 -3.4% $222 / Sq Ft
12/11/2022 12/11/22 Pending -- -- --
12/08/2022 12/08/22 Price Changed $414,000 -1.2% $230 / Sq Ft
11/17/2022 11/17/22 For Sale $419,000 +102.4% $233 / Sq Ft
07/20/2015 07/20/15 Sold $207,000 0.0% $102 / Sq Ft View Prior Sale
06/12/2015 06/12/15 Pending -- -- --
08/04/2014 08/04/14 For Sale $207,000 -- $102 / 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 $806 $25,450 $0 $25,450
2024 $1,279 $25,450 $0 $25,450
2023 $1,278 $25,450 $0 $25,450
2022 $1,233 $25,450 $0 $25,450
2021 $1,222 $25,450 $0 $25,450
2020 $1,218 $25,450 $0 $25,450
2019 $1,220 $25,450 $0 $25,450
2018 $1,140 $25,950 $0 $0
2017 $1,091 $25,950 $0 $0
2016 $1,037 $25,950 $0 $0
2015 $990 $25,950 $0 $0
2014 $983 $25,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Wagner

    Seller's Agent in 2023

    Scott Wagner

    Keller Williams Realty

    (302) 727-1981

    24 in this area

    81 Total Sales

    Scott Wagner
    Section Image
  • Michael Ross

    Buyer's Agent in 2023

    Michael Ross

    Sea Grace @ North Beach Realtors

    (301) 751-7741

    1 in this area

    47 Total Sales

    Michael Ross
    Section Image
  • DAVID LURTY

    Seller's Agent in 2015

    DAVID LURTY

    BHHS PenFed (actual)

    (302) 745-0048

    2 Total Sales

    DAVID LURTY
    Section Image
  • NANCY LURTY

    Seller Co-Listing Agent in 2015

    NANCY LURTY

    BHHS PenFed (actual)

    (302) 745-0637

    1 in this area

    12 Total Sales

    NANCY LURTY
    Section Image
  • Lee Ann Wilkinson

    Buyer's Agent in 2015

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    1,065 in this area

    1,871 Total Sales

    Lee Ann Wilkinson
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2032522

Bright MLS

APN: 334-05.00-0081.00- 60

Delaware Sussex County Lewes 19958

17278 King Phillip Way Unit 60, Lewes, DE

This home is located at 17278 King Phillip Way Unit 60, Lewes, DE 19958 since 17 November 2022 and is currently estimated at $464,689, approximately $258 per square foot. This property was built in 2005. 17278 King Phillip Way Unit 60 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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