$1,222,000
●
House -
Off Market
227 2ND ST
LEWES, DE 19958
4 Beds
2 Baths
2,833 Ft²
$6,850
Est. Monthly
About This Property
Iconic LEWES! Take center stage in Historic Lewes with this Second
Street location. This enchanting home invites you inside with its
wraparound porch and classic architecture. Featuring exposed brick
nogging and beams, wide plank hardwood, and brick flooring. Formal
living & dining rooms each with wood-burning fireplaces, and a
spacious eat-in kitchen & sitting area (see full history of the
home in the MLS attachments). There is plenty of room for family
and friends with 4 bedrooms, including a primary bedroom with a
sitting area and the finished attic that can be used as a 5th
bedroom. A very private backyard creates an in-town oasis perfect
for entertaining that leads directly to the Lewes Canalfront Park
where you can enjoy yoga, concerts, and outdoor movies! Stroll down
the street to the best dining and shopping in town or bike to the
beach. Unbeatable location grants easy access to everything
Lewes!
Unit Size
2,833 Ft²
Days on Market
2 days
Land Size
0.14 acres
Price per sqft
$492
Property Type
House
Property Taxes
$138
HOA Dues
-
Year Built
-
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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: 2 years ago (Bright MLS #DESU2065290)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 23, 2024 | Price Decreased |
$1,395,000
↓ $101K
(6.8%) | |
| Price Decreased | |||
| Jun 28, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,495,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Lewes
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Listed by: Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2065290
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Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2065290
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