NOT LISTED FOR SALE

503 Cedar St Lewes, DE 19958

Estimated Value: $1,273,946 - $1,916,000

5 Beds
3.5 Baths
3,256 Sq Ft
$453/Sq Ft Est. Value

Last Sold December 09, 2019

Last sale price $846,000 $260 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $8,044/month

Highlights

  • Coastal Architecture
  • Deck
  • Main Floor Bedroom
  • Lewes Elementary School Rated A
  • Wood Flooring
  • Corner Lot

About This Home

As of December 2019

PERFECT BEACH TRIFECTA! Fresh for summer 2019, this renovation on Lewes Beach shines with flexibility. Three in one: gorgeous three-unit home, a block away from Lewes Beach, boasts a generously sized corner lot. First floor features a 2BR, 1.5 BA unit with an open floor plan, two living areas, three-season room, back deck, and more. The 2nd floor holds two units that were completely renovated in 2019, one with 1BR & 1BA, and the other with 2BR, 1 BA - both with full kitchens and open living areas. This fantastic combination triples your potential and makes a great investment: stay in one, and collect income on the others, or have it as your private beach home with plenty of space for friends and family! Call today!

Last Agent to Sell the Property

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 04/12/2019

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,084

Year Built

  • Built in 1952

Lot Details

  • 6,996 Sq Ft Lot
  • Lot Dimensions are 70.00 x 100.00
  • Partially Fenced Property
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Land Lease expires in 32 years

Parking

  • Driveway

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 3,256 Sq Ft Home
  • Property has 2 Levels
  • Beamed Ceilings
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Sitting Room
  • Combination Dining and Living Room

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck
  • Outbuilding
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • Hot Water Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lewes Beach Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 335-04.20-72.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,084

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1952
  • Remarks Public: PERFECT BEACH TRIFECTA! Fresh for summer 2019, this renovation on Lewes Beach shines with flexibility. Three in one: gorgeous three-unit home, a block away from Lewes Beach, boasts a generously sized corner lot. First floor features a 2BR, 1.5 BA unit with an open floor plan, two living areas, three-season room, back deck, and more. The 2nd floor holds two units that were completely renovated in 2019, one with 1BR & 1BA, and the other with 2BR, 1 BA - both with full kitchens and open living areas. This fantastic combination triples your potential and makes a great investment: stay in one, and collect income on the others, or have it as your private beach home with plenty of space for friends and family! Call today!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater, Extra Refrigerator/Freezer, Washer/Dryer Stacked
  • Flooring Type: Laminated, Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Upgraded Countertops, Window Treatments, Flat, Exposed Beams
  • Window Features: Screens, Storm
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Sitting Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Laundry, Bathroom 2
  • Basement: No
  • Total Sq Ft: 3256
  • Living Area Sq Ft: 3256
  • Price Per Sq Ft: 276.38
  • Above Grade Finished Sq Ft: 3256
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Outbuilding(s), Outside Shower, Underground Lawn Sprinkler
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Zoned, Baseboard - Hot Water
  • 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: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Partially
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 32
  • Land Use Code: RS
  • Lot Features: Corner, Landscaping
  • Lot Size Acres: 0.16
  • Lot Dimensions: 70.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6996.00
  • Outdoor Living Structures: Deck(s), Balcony, Porch(es)
  • Year Assessed: 2018
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5213464
  • School Tax: 1004.00
  • Tax Annual Amount: 2083.72
  • Assessor Parcel Number: 335-04.20-72.00
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 12/09/2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2019
Sold by
Lewes City Of
Bought by
Papaleo G Harry
Current Estimated Value
$1,476,237
Source: Public Records

Range of Values:

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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
Papaleo G Harry -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2019 12/09/19 Sold $846,000 -6.0% $260 / Sq Ft
10/05/2019 10/05/19 Pending -- -- --
08/02/2019 08/02/19 Price Changed $899,900 -5.3% $276 / Sq Ft
04/12/2019 04/12/19 For Sale $949,900 -- $292 / 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 $2,978 $25,450 $7,000 $18,450
2024 $1,254 $25,450 $7,000 $18,450
2023 $1,253 $25,450 $7,000 $18,450
2022 $1,210 $25,450 $7,000 $18,450
2021 $1,198 $25,450 $7,000 $18,450
2020 $1,195 $25,450 $7,000 $18,450
2019 $1,197 $25,450 $7,000 $18,450
2018 $1,118 $25,450 $0 $0
2017 $1,070 $25,450 $0 $0
2016 $1,017 $25,450 $0 $0
2015 $971 $25,450 $0 $0
2014 $964 $25,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU137406

Bright MLS

APN: 335-04.20-72.00