NOT LISTED FOR SALE

406 Virden Way Unit 18 Lewes, DE 19958

Estimated Value: $408,392 - $1,539,000

0.24 Acre
$4,356,658 Price per Acre
10,352 Sq Ft Lot

Last Sold June 02, 2021

Last sale price $499,900

Est. 109% increase in value since last sale

Current estimated payment $5,838/month

1,024 Days on Market

About This Lot

As of June 2021

Mariners' Retreat is a luxury, single family home community consisting of 34 home sites located along 4th Street in the heart of Lewes. Situated less than a 1/4 mile from a magnitude of popular restaurants and shops along 2nd Street, the Lewes Rehoboth Canal, and within 2 miles of Lewes Beach and Cape Henlopen State Park - virtually every amenity downtown Lewes has to offer is at your fingertips. Separated by scenic wooded wetlands, yet connected by a serene walking trail, three peaceful cul-de-sacs make up this exceptional site plan. Mariners' Retreat will be the most sought-after community in Lewes by perfectly marrying tranquility and convenience. This is an excellent opportunity in an active market with a limited supply of building lots.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/14/2018

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Michael Bacher

(302) 226-6649 michaelbacher@aol.com Jack Lingo - Rehoboth

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $425

Lot Details

  • 10,352 Sq Ft Lot
  • Lot Dimensions are 96 x 107
  • Property is zoned TOWN CODE

HOA Fees

  • $60 Monthly HOA Fees

Community Details

  • Association fees include management
  • Mariners Retreat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 335-08.07-361.00

Property Details

Property Type

Land

Est. Annual Taxes

$425

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Mariners' Retreat is a luxury, single family home community consisting of 34 home sites located along 4th Street in the heart of Lewes. Situated less than a 1/4 mile from a magnitude of popular restaurants and shops along 2nd Street, the Lewes Rehoboth Canal, and within 2 miles of Lewes Beach and Cape Henlopen State Park - virtually every amenity downtown Lewes has to offer is at your fingertips. Separated by scenic wooded wetlands, yet connected by a serene walking trail, three peaceful cul-de-sacs make up this exceptional site plan. Mariners' Retreat will be the most sought-after community in Lewes by perfectly marrying tranquility and convenience. This is an excellent opportunity in an active market with a limited supply of building lots.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 48.29
  • Street Number Modifier: 406

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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 Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 720.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Management
  • HOA: Yes
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 96 x 107
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10352.00
  • Zoning: TOWN CODE
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 425.00
  • Assessor Parcel Number: 335-08.07-361.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Close Date: 06/02/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2018
Closed on
Jun 2, 2021
Sold by
Olde Town Ventures Llc
Bought by
Bornmann Michael C and Williamson Claude A
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Michael Bacher
Jack Lingo - Rehoboth
List Price
$414,900
Sold Price
$499,900
Premium/Discount to List
$85,000
20.49%
Current Estimated Value
$1,045,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,698
Avg. Annual Appreciation
18.26%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bornmann Michael C $499,900 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2021 06/02/21 Sold $499,900 0.0% --
05/03/2021 05/03/21 Pending -- -- --
08/15/2020 08/15/20 Price Changed $499,900 +6.4% --
08/05/2020 08/05/20 Price Changed $469,900 +4.0% --
02/28/2020 02/28/20 Price Changed $451,900 +6.4% --
08/04/2018 08/04/18 Price Changed $424,900 +2.4% --
07/14/2018 07/14/18 For Sale $414,900 -- --
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 $3,523 $0 $0 $0
2024 $2,360 $0 $0 $0
2023 $2,358 $0 $0 $0
2022 $301 $0 $0 $0
2021 $298 $0 $0 $0
2020 $298 $0 $0 $0
2019 $235 $0 $0 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2021

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    89 in this area

    334 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull

    Seller Co-Listing Agent in 2021

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    47 in this area

    272 Total Sales

    Shaun Tull
    Section Image
  • Michael Bacher

    Buyer's Agent in 2021

    Michael Bacher

    Jack Lingo - Rehoboth

    (302) 226-6649

    1 in this area

    23 Total Sales

    Michael Bacher
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002047842

Bright MLS

APN: 3350807036100

Delaware Sussex County Lewes 19958

406 Virden Way Unit 18, Lewes, DE

This home is located at 406 Virden Way Unit 18, Lewes, DE 19958 since 14 July 2018 and is currently estimated at $1,045,598. 406 Virden Way Unit 18 is a home located in Sussex County with nearby schools including Lewes Elementary School, Mariner Middle School, and Cape Henlopen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes