NOT LISTED FOR SALE

407 Virden Way Unit 4 Lewes, DE 19958

Estimated Value: $483,109 - $1,036,000

0.24 Acre
$3,460,529 Price per Acre
10,662 Sq Ft Lot

Last Sold August 14, 2020

Last sale price $509,900

Est. 63% increase in value since last sale

Current estimated payment $4,741/month

723 Days on Market

About This Lot

As of August 2020

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

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $425

Lot Details

  • 10,662 Sq Ft Lot
  • Lot Dimensions are 100 x 106
  • 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 335-8.07-347.00

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: 47.82
  • Street Number Modifier: 407

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: 100 x 106
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10662.00
  • 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: 335-8.07-347.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Close Date: 08/14/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2018
Closed on
Aug 12, 2020
Sold by
Olde Town Ventures Llc
Bought by
Moyer Jennifer A
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$434,900
Sold Price
$509,900
Premium/Discount to List
$75,000
17.25%
Current Estimated Value
$830,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,627
Avg. Annual Appreciation
9.84%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Moyer Jennifer A $509,900 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $509,900 0.0% --
07/06/2020 07/06/20 Pending -- -- --
08/07/2019 08/07/19 Price Changed $509,900 +17.2% --
07/14/2018 07/14/18 For Sale $434,900 -- --
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 $3,904 $0 $0 $0
2024 $2,298 $0 $0 $0
2023 $2,296 $0 $0 $0
2022 $2,218 $0 $0 $0
2021 $2,090 $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 2020

    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 2020

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    47 in this area

    272 Total Sales

    Shaun Tull
    Section Image
  • Lee Ann Wilkinson

    Buyer's Agent in 2020

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    1,064 in this area

    1,867 Total Sales

    Lee Ann Wilkinson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002047518

Bright MLS

APN: 3350807034700

Delaware Sussex County Lewes 19958

407 Virden Way Unit 4, Lewes, DE

This home is located at 407 Virden Way Unit 4, Lewes, DE 19958 since 14 July 2018 and is currently estimated at $830,527. 407 Virden Way Unit 4 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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