$228,900
●
House -
Off Market
22866 PINE RD
LEWES, DE 19958
3 Beds
2 Baths
980 Ft²
$1,124
Est. Monthly
About This Property
DOUBLE LOT IN LEWES! This three bedroom, two bath home is tucked
away in Angola Neck Park, a private Lewes community just minutes to
Lewes Beach, Rehoboth boardwalk, and attractions. With no
HOA, the possibilities for this property are endless! A
manufactured home and 3 detached sheds currently sit on this
spacious lot. SUBDIVING THIS PROPERTY is a fairly simple process,
most of the costly and time-consuming work for reinstating lots
lines has already been done! This parcel was originally two
separate lots. Lot lines can be reinstated through Sussex County,
creating two lots. While the property is currently on well water,
public water is available for hook-up at this property.
Additionally, there are two sewer laterals installed on the
property (one currently hooked up to the residence) If the property
lines are re-instated, sewer laterals can be connected to
individual lots.
Unit Size
980 Ft²
Days on Market
18 days
Land Size
0.74 acres
Price per sqft
$234
Property Type
House
Property Taxes
$58
HOA Dues
-
Year Built
1986
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #DESU2061664)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Sep 21, 2024 | In contract | - | |
| In contract | |||
| Aug 2, 2024 | Price Decreased |
$228,900
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Jun 28, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $238,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Air Conditioning
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
Closing Price
Sold On
Sold On
HOA + Taxes
About Sussex
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2061664
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 2026 Bright MLS, Inc.
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2061664
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017