NOT LISTED FOR SALE

501 Cedar St Lewes, DE 19958

Estimated Value: $1,110,000 - $1,394,000

2 Beds
1 Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold June 19, 2020

Last sale price $599,900

Est. 108% increase in value since last sale

Current estimated payment $6,739/month

Highlights

  • Coastal Architecture
  • No HOA
  • Storm Windows
  • Lewes Elementary School Rated A
  • 2 Car Detached Garage
  • Ductless Heating Or Cooling System

About This Home

As of June 2020

INVESTMENT OPPORTUNITY! Two bedroom cottage just steps from Lewes Beach, great for a rental for beach getaway. Walk to the beach or bike to Downtown Lewes. Call now!

Last Agent to Sell the Property

Lee Ann Wilkinson

(302) 645-6661 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 06/04/2020

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Lee Ann Wilkinson

(302) 645-6661 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 06/04/2020

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,145

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 70.00 x 100.00
  • Land Lease expires in 31 years
  • Property is zoned TN

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Coastal Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level
  • Window Screens
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Range Hood

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Location

  • Flood Risk

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lewes Beach Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 335-04.20-70.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,145

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Range Hood, Refrigerator, Washer, Dryer
  • Window Features: Screens, Storm
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • 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: Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 31
  • Lot Size Acres: 0.16
  • Lot Dimensions: 70.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5213462
  • School Tax: 538.00
  • Tax Annual Amount: 1144.62
  • Assessor Parcel Number: 335-04.20-70.00
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jun 19, 2020
Sold by
Lewes City Of
Bought by
Firstfruitt Llc
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$599,900
Sold Price
$599,900
Current Estimated Value
$1,246,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$647,046
Avg. Annual Appreciation
13.57%

Purchase Details

Closed on
Dec 20, 1990
Bought by
Firstfruit Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Firstfruitt Llc -- None Available
Firstfruit Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2020 06/19/20 Sold $599,900 0.0% --
06/04/2020 06/04/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $599,900 -- --
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 $2,162 $12,650 $7,000 $5,650
2024 $1,723 $12,650 $7,000 $5,650
2023 $1,721 $12,650 $7,000 $5,650
2022 $601 $12,650 $7,000 $5,650
2021 $596 $12,650 $7,000 $5,650
2020 $594 $12,650 $7,000 $5,650
2019 $595 $12,650 $7,000 $5,650
2018 $556 $12,650 $0 $0
2017 $532 $12,650 $0 $0
2016 $505 $12,650 $0 $0
2015 $483 $12,650 $0 $0
2014 $479 $12,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU162090

Bright MLS

APN: 335-04.20-70.00

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