NOT LISTED FOR SALE

2303 Cedar St Lewes, DE 19958

Estimated Value: $1,703,000 - $2,007,000

6 Beds
4 Baths
3,200 Sq Ft
$570/Sq Ft Est. Value

Last Sold November 21, 2024

Last sale price $1,699,000 $531 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,820/month

15 Days on Market

Highlights

  • Spa
  • Rooftop Deck
  • Engineered Wood Flooring
  • Lewes Elementary School Rated A
  • Colonial Architecture
  • Main Floor Bedroom

About This Home

As of November 2024

This charming 6-bedroom, 4-bath single-family home, just one block from Lewes Beach and the Delaware Bay, offers incredible marsh views and an incredible investment opportunity with $140-170K in annual rental income. This property is comes with custom fully furnished furniture and is boasting modern upgrades, including a two-zone HVAC system, Rinnai tankless water heater, updated kitchen appliances, and remodeled bathrooms, this property blends comfort with functionality. Enjoy wood floors throughout the home with two fully functioning living rooms, a full dining room, stone countertops, a hot tub, and an outfitted garage with games, bikes, beach chairs, as well as a beautiful elevated back deck offering stunning marsh views. With 10 weeks already booked for 2025, this home is a prime coastal gem perfect as a second home or an income-generating asset.

Last Agent to Sell the Property

Andy Staton

(302) 227-6767 justin.healy@msir.net Monument Sotheby's International Realty License #RS-0016036 Listed on: 10/11/2024

Monument Sotheby's International Realty

Last Buyer's Agent

Judith Abramson

(302) 477-0400 tiagianakis@gmail.com Concord Realty Group License #R3-0019443

Concord Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,011

Year Built

  • Built in 1954

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 70.00 x 100.00
  • Open Space
  • East Facing Home
  • Landscaped
  • Land Lease expires in 34 years
  • Property is in very good condition
  • Property is zoned TN

Parking

  • 2 Car Detached Garage
  • 4 Driveway Spaces
  • Parking Storage or Cabinetry
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Entry on the 1st floor
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Built-Up Roof
  • Vinyl Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Double Hung Windows
  • Window Screens
  • Great Room
  • Living Room
  • Dining Room
  • Open Floorplan
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Built-In Range
  • Stove
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Engineered Wood
  • Tile or Brick

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Stacked Washer and Dryer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Rooftop Deck
  • Patio
  • Play Equipment

Location

  • Flood Risk

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • 200+ Amp Service
  • Tankless Water Heater
  • Propane Water Heater
  • Municipal Trash
  • Phone Available

Community Details

  • No Home Owners Association
  • Lewes Beach Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 335-04.14-69.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,011

Year Built

Built in 1954

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Historic: No
  • Inclusions: All items in the house, furniture, electronics, and in the garage.
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-10-13
  • Federal Flood Zone: Yes
  • Year Built: 1954
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Washer/Dryer Stacked, Water Heater - Tankless
  • Entry Floor: 1
  • Flooring Type: Engineered Wood, Hardwood, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Entry Level Bedroom, Kitchen - Island
  • Window Features: Double Hung, Double Pane, Screens
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 5, Great Room, Bedroom 6, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3200
  • Living Area Sq Ft: 3200
  • Price Per Sq Ft: 530.94
  • Above Grade Finished Sq Ft: 3200
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Outside Shower, Hot Tub, Play Equipment, Roof Deck
  • Road Surface Type: Black Top
  • Roof: Built-Up, Shingle, 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: Additional Storage Area
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane, Phone
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 34
  • Lot Features: Adjoins - Open Space, Adjoins - Public Land, Landscaping
  • Lot Size Acres: 0.16
  • Lot Dimensions: 70.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Very Good
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 150000.00
  • Vacation Rental: No

Tax Info

  • School Tax: 1004.00
  • Tax Annual Amount: 2011.00
  • Assessor Parcel Number: 335-04.14-69.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2024 11/21/24 Sold $1,699,000 0.0% $531 / Sq Ft
10/11/2024 10/11/24 For Sale $1,699,000 +54.5% $531 / Sq Ft
12/30/2021 12/30/21 Sold $1,100,000 -4.3% $344 / Sq Ft View Prior Sale
12/05/2021 12/05/21 Pending -- -- --
11/19/2021 11/19/21 Price Changed $1,150,000 -14.8% $359 / Sq Ft
10/09/2021 10/09/21 For Sale $1,350,000 +141.1% $422 / Sq Ft
09/17/2014 09/17/14 Sold $560,000 0.0% $175 / Sq Ft View Prior Sale
07/13/2014 07/13/14 Pending -- -- --
05/11/2014 05/11/14 For Sale $560,000 -- $175 / 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 $2,736 $22,400 $7,000 $15,400
2024 $1,104 $22,400 $7,000 $15,400
2023 $1,103 $22,400 $7,000 $15,400
2022 $1,065 $22,400 $7,000 $15,400
2021 $1,055 $22,400 $7,000 $15,400
2020 $1,052 $22,400 $7,000 $15,400
2019 $1,053 $22,400 $7,000 $15,400
2018 $0 $22,400 $0 $0
2017 $942 $22,400 $0 $0
2016 $895 $22,400 $0 $0
2015 $748 $19,600 $0 $0
2014 $442 $19,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2072284

Bright MLS

APN: 335-04.14-69.00

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