NOT LISTED FOR SALE

31037 Edgewater Dr Lewes, DE 19958

Estimated Value: $772,000 - $908,000

5 Beds
3 Baths
2,600 Sq Ft
$312/Sq Ft Est. Value

Last Sold October 06, 2022

Last sale price $650,000 $250 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,341/month

47 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Fishing Allowed
  • Coastal Architecture
  • Lewes Elementary School Rated A
  • Pond View
  • Pond

About This Home

As of October 2022

This incredible home and its million-dollar view of Red Mill Pond could be yours! Situated on .45 acres this homesite has so much potential, especially considering the expansive views of Red Mill Pond, Delaware's largest freshwater pond. Fully bulkheaded across the rear of the lot, park your boat right in your backyard, or cast a line and do some fishing! The community features a private boat ramp so getting your watercraft into the pond is convenient and easy. Walking through the front door you will immediately find the front den which opens into the kitchen and the living room with a gas fireplace. The rear of the home features the dining area and the great room which both take advantage of wonderful pond views. Sit back and relax on the rear deck after a long day at the beach or hop into the hot tub after a long day shopping at the nearby outlets! The front of the home features two guest bedrooms, two guest bathrooms, and the laundry room, while the rear of the home features the owner's bedroom and bathroom, and another guest bedroom with views of the backyard and Red Mill Pond. The home is being sold as-is. One of the waterfront homes in the Edgewater Estates community just went under contract for more than $1,300,000 so this home is priced to sell knowing that you can add hundreds of thousands to truly personalize this home and you will recoup every penny of it!

Last Agent to Sell the Property

Michael Kennedy

(302) 381-7001 michael.kennedy@compass.com Compass License #RS-0024358 Listed on: 07/20/2022

Compass

Last Buyer's Agent

Kim Hamer

(302) 745-9914 kim.hamer@oasir.net Monument Sotheby's International Realty License #RS-0013968

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,634

Year Built

  • Built in 1979

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 98.00 x 200.00
  • 75 Feet of Waterfront
  • Property is zoned AR-2

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 6 Driveway Spaces
  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Rambler Architecture
  • Block Foundation
  • Batts Insulation

Interior Spaces

  • 2,600 Sq Ft Home
  • Property has 1 Level
  • Gas Fireplace
  • Entrance Foyer
  • Great Room
  • Living Room
  • Dining Room
  • Den
  • Pond Views
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Canoe or Kayak Water Access
  • Waterski or Wakeboard
  • Property is near a pond
  • Bulkhead
  • Pond
  • Powered Boats Permitted

Schools

  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Underground Utilities
  • 220 Volts
  • 200+ Amp Service
  • Multi-Tank Propane Water Heater
  • Well

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 334-05.00-255.00

Community Details

Overview

  • Edgewater Estates Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,634

Year Built

Built in 1979

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-07-20
  • Federal Flood Zone: No
  • Year Built: 1979
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Den, Foyer, Great Room, Laundry, Bathroom 2, Bathroom 3, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 269.23
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Batts Insulation
  • Spa: No
  • View: Water, Pond
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Boat - Powered, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Red Mill Pond
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 75

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup, Forced Air
  • Heating: Yes
  • Hot Water: Multi-Tank, Propane
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CAPE HENLOPEN

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Bulkheaded, Pond
  • Lot Size Acres: 0.45
  • Lot Dimensions: 98.00 x 200.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19602.00
  • Zoning: AR-2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1480.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1634.00
  • Assessor Parcel Number: 334-05.00-255.00
  • Tax Lot: 20
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Sep 30, 2022
Sold by
Mitchell Lauren
Bought by
Full Service Real Estate Consulting Inc
Seller's Agent
Michael Kennedy
Compass
Buyer's Agent
Kim Hamer
Monument Sotheby's International Realty
List Price
$699,999
Sold Price
$650,000
Premium/Discount to List
-$49,999
-7.14%
Views
44
Current Estimated Value
$811,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,961
Avg. Annual Appreciation
6.97%

Purchase Details

Closed on
Mar 8, 2001
Bought by
Swope Robert B and Swope Mariann
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
Full Service Real Estate Consulting Inc $650,000 --
Swope Robert B $359,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2022 10/06/22 Sold $650,000 -7.1% $250 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $699,999 -- $269 / 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 $1,408 $34,700 $5,000 $29,700
2024 $1,710 $34,700 $5,000 $29,700
2023 $1,709 $34,700 $5,000 $29,700
2022 $1,649 $34,700 $5,000 $29,700
2021 $1,234 $34,700 $5,000 $29,700
2020 $1,229 $34,700 $5,000 $29,700
2019 $1,231 $34,700 $5,000 $29,700
2018 $1,124 $34,700 $0 $0
2017 $1,459 $34,700 $0 $0
2016 $886 $34,700 $0 $0
2015 $824 $34,700 $0 $0
2014 $815 $34,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2024308

Bright MLS

APN: 334-05.00-255.00