NOT LISTED FOR SALE

22525 Ocala Way Unit 5 Lewes, DE 19958

Estimated Value: $601,391 - $812,000

5 Beds
3.5 Baths
2,438 Sq Ft
$302/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $550,000 $226 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,245/month

Highlights

  • Fitness Center
  • New Construction
  • Wood Flooring
  • Love Creek Elementary School Rated A
  • Coastal Architecture
  • Attic

About This Home

As of August 2020

To Be Built. The Cassidy is a ranch home starting at 2,528 heated square feet. This open-concept floorplan includes 4 bedrooms, 3.5 baths and an unfinished bonus room over the garage (great for storage). You'll love the spacious kitchen with a walk-in pantry that is open to the great room and dining area. Options are available to personalize layout with additional bedrooms/bath, basement, and outdoor living spaces. Current Price reflects the $30,000 base price reduction incentive for Phase 1 homesites. Unlicensed sales agent represents the builder. Due to Covid-19, model homes and showings are by one-on-one appointment or by virtual tour. Call to schedule!

Last Agent to Sell the Property

Michael Kennedy

(302) 381-7001 michael.kennedy@compass.com Compass License #RS-0024358 Listed on: 04/02/2020

Compass

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,532

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 8,276 Sq Ft Lot
  • Landscaped
  • Cleared Lot
  • Property is zoned AR

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Front Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Stone Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stick Built Home

Interior Spaces

  • 2,438 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Crawl Space
  • Washer and Dryer Hookup
  • Attic

Kitchen

  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • 200+ Amp Service
  • Tankless Water Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 5
  • Assessor Parcel Number 334-18.00-995.00

Community Details

Overview

  • Association fees include lawn maintenance, common area maintenance, pool(s), recreation facility, snow removal, road maintenance
  • Saddle Ridge Subdivision, The Lilac Floorplan

Amenities

  • Community Center

Recreation

  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,532

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: To Be Built. The Cassidy is a ranch home starting at 2,528 heated square feet. This open-concept floorplan includes 4 bedrooms, 3.5 baths and an unfinished bonus room over the garage (great for storage). You'll love the spacious kitchen with a walk-in pantry that is open to the great room and dining area. Options are available to personalize layout with additional bedrooms/bath, basement, and outdoor living spaces. Current Price reflects the $30,000 base price reduction incentive for Phase 1 homesites. Unlicensed sales agent represents the builder. Due to Covid-19, model homes and showings are by one-on-one appointment or by virtual tour. Call to schedule!
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Washer/Dryer Hookups Only, Water Heater, Water Heater - Tankless
  • Flooring Type: Carpet, Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Attic, Kitchen - Island, Pantry
  • Window Features: Insulated
  • Fireplace: No
  • Foundation Details: Concrete Perimeter, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2438
  • Living Area Sq Ft: 2438
  • Net Sq Ft: 2528.00
  • Price Per Sq Ft: 178.38
  • Above Grade Finished Sq Ft: 2438
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 22525

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Stone, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas, Tankless
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 2400.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Community Center, Fitness Center, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Common Area Maintenance, Pool(s), Recreation Facility, Snow Removal, Road Maintenance
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared, Landscaping
  • Lot Size Acres: 0.19
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Zoning: AR
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 9537775
  • Assessor Parcel Number: 334-18.00-995.00
  • Tax Lot: 5
  • Close Date: 08/21/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2020
Closed on
Aug 21, 2020
Sold by
Sb Saddle Ridge Llc
Bought by
Peer Kenneth M and Peer Deborah
Seller's Agent
Michael Kennedy
Compass
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$434,900
Sold Price
$550,000
Premium/Discount to List
$115,100
26.47%
Current Estimated Value
$735,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,848
Avg. Annual Appreciation
5.85%
Original Mortgage
$412,500
Outstanding Balance
$365,916
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$369,932

Purchase Details

Closed on
Jun 24, 2016
Sold by
Beach Dawn E and Beach Jay D
Bought by
Sb Saddle Ridge Llc
Source: Public Records

Range of Values:

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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
Peer Kenneth M $550,000 None Available
Sb Saddle Ridge Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peer Kenneth M $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $550,000 +26.5% $226 / Sq Ft
04/02/2020 04/02/20 For Sale $434,900 -- $178 / Sq Ft
03/30/2020 03/30/20 Pending -- -- --
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 $1,532 $2,500 $2,500 $0
2024 $1,949 $2,500 $2,500 $0
2023 $1,948 $2,500 $2,500 $0
2022 $1,880 $2,500 $2,500 $0
2021 $1,862 $2,500 $2,500 $0
2020 $1,857 $2,500 $2,500 $0
2019 $118 $2,500 $2,500 $0
2018 $110 $2,500 $0 $0
2017 $105 $2,500 $0 $0
2016 -- $2,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Kennedy

    Seller's Agent in 2020

    Michael Kennedy

    Compass

    (302) 381-7001

    232 in this area

    641 Total Sales

    Michael Kennedy
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU159202

Bright MLS

APN: 334-18.00-995.00

Delaware Sussex County Lewes 19958

22525 Ocala Way Unit 5, Lewes, DE

This home is located at 22525 Ocala Way Unit 5, Lewes, DE 19958 since 02 April 2020 and is currently estimated at $735,848, approximately $301 per square foot. This property was built in 2020. 22525 Ocala Way Unit 5 is a home located in Sussex County with nearby schools including Love Creek Elementary School, Mariner Middle School, and Cape Henlopen High School.

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