$754,940
●
House -
Off Market
16539 EAST KEA WAY
LEWES, DE 19958
2 Beds
3 Baths,
1
Half Bath
2,503 Ft²
$3,977
Est. Monthly
$270
HOA / Fees
2.19%
Cap Rate
About This Property
SPECIAL SAVINGS! Please see sales consultant for more
information.
Welcome to the Rockford home design. This home is available now!
The popular Rockford model features a combination of open living space paired with traditional elements. This Single Story Ranch home features 3 bedrooms, 2.5 baths and a 2 car garage. Structural Features added to this home include a great room fireplace and an ultra spa bath in the primary suite.
To schedule a tour and to receive a full brochure of all features in this home please contact our sales representatives. Have you heard of Tower Hill? K. Hovnanian proudly presents this community of luxury single family homes located on the East side of Route 1, a short bike ride to downtown Lewes, and within close proximity to the Lewes-Georgetown Bike Trail. The community will also offer upscale amenities such as a pool, clubhouse, fitness center, pickleball courts, community garden, lawn games as well as outdoor paths and common areas throughout. Tower Hill will also feature access to the Freeman Institute - a series of life-enrichment classes for homeowners covering a wide variety of special interest topics.
Welcome to the Rockford home design. This home is available now!
The popular Rockford model features a combination of open living space paired with traditional elements. This Single Story Ranch home features 3 bedrooms, 2.5 baths and a 2 car garage. Structural Features added to this home include a great room fireplace and an ultra spa bath in the primary suite.
To schedule a tour and to receive a full brochure of all features in this home please contact our sales representatives. Have you heard of Tower Hill? K. Hovnanian proudly presents this community of luxury single family homes located on the East side of Route 1, a short bike ride to downtown Lewes, and within close proximity to the Lewes-Georgetown Bike Trail. The community will also offer upscale amenities such as a pool, clubhouse, fitness center, pickleball courts, community garden, lawn games as well as outdoor paths and common areas throughout. Tower Hill will also feature access to the Freeman Institute - a series of life-enrichment classes for homeowners covering a wide variety of special interest topics.
Unit Size
2,503 Ft²
Days on Market
18 days
Land Size
0.17 acres
Price per sqft
$302
Property Type
House
Property Taxes
-
HOA Dues
$270
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 16 days ago (Bright MLS #DESU2066950)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Mar 24, 2025 | Price Decreased |
$754,940
↓ $15K
(1.9%) | |
| Price Decreased | |||
| Mar 24, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Price Decreased |
$769,900
↓ $30K
(3.8%) | |
| Price Decreased | |||
| Mar 7, 2025 | Price Decreased |
$799,900
↓ $50K
(5.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Garage Features: Garage - Front Entry
Parking Features: Driveway, Attached Garage
Attached Garage Spaces: 2
Garage Spaces: 2
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms on Main Level: 2
Living Area Square Feet Source: Estimated
Exterior Details
Ownership Interest: Fee Simple
Property Condition: Excellent
Year Built Source: Estimated
Builder Name: K. Hovnanian Homes
Builder Name: K. Hovnanian Homes
Construction Not Completed
Foundation Details: Crawl Space
Other Structures: Above Grade
Structure Type: Detached
Construction Materials: Advanced Framing
Building Name: NONE AVAILABLE
Community Pool
Tidal Water: N
Lot Size Source: Estimated
Finished Square Feet: 2503
Finished Square Feet Source: Estimated
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: 90% Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA Fee: $270
HOA Fee Frequency: Monthly
16539 EAST KEA WAY
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
2
Beds
3
Baths
2,379 ft²
$340/ft²
$809,900
Apr 29, 2024
$809,900
Sep 6, 2024
$270/mo
Sold
House
3
Beds
3
Baths
2,536 ft²
$292/ft²
$739,900
Sep 19, 2023
$739,900
Jan 18, 2024
$270/mo
Sold
House
3
Beds
3
Baths
2,461 ft²
$284/ft²
$699,900
Jul 31, 2023
$699,900
Apr 26, 2024
$270/mo
Sold
House
3
Beds
3
Baths
2,378 ft²
$330/ft²
$784,900
Feb 26, 2024
$784,900
Jun 26, 2024
$270/mo
Sold
House
3
Beds
3
Baths
2,536 ft²
$319/ft²
$809,900
Sep 18, 2023
$809,900
Nov 20, 2023
$270/mo
Sold
House
3
Beds
3
Baths
2,378 ft²
$336/ft²
$799,900
Mar 3, 2022
$799,900
Oct 31, 2022
$270/mo
Active
House
2
Beds
2
Baths
1,780 ft²
$384/ft²
$683,990
Dec 13, 2023
-
$270/mo
In Contract
House
3
Beds
3
Baths
2,292 ft²
$366/ft²
$839,900
Dec 23, 2024
-
$270/mo
Active
House
4
Beds
4
Baths
3,187 ft²
$279/ft²
$889,900
Dec 23, 2024
-
$270/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
About Sussex
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Listed by: Barbara Heilman
Delaware Homes Inc
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# DESU2066950
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 2024 Bright MLS, Inc.
Delaware Homes Inc
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# DESU2066950
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
