$1,495,000
●
House -
In Contract
315 CHESTNUT STREET
LEWES, DE 19958
5 Beds
3 Baths,
1
Half Bath
2,815 Ft²
$7,386
Est. Monthly
2.53%
Cap Rate
About This Property
HAVE IT ALL: HISTORIC LOCATION & BRAND NEW CONSTRUCTION. Get swept
up in the charm and ease of Historic Lewes with a brand-new Schell
Brothers home, with 2 elevations to choose from, that's yours to
build from the ground up! Offering an array of standard options and
upgrades, enjoy a fantastic floor plan that can be customized and
expanded upon to suit your needs and desires. Standard features
include engineered hardwood, plush carpeting, & ceramic tile
flooring, granite countertops, expansive owner's suite with a
walk-in closet & private en-suite bath, 2 additional bedrooms on
the second floor, and 2 more bedrooms on the third floor.
Located in the heart of Historic Lewes, within steps of
multiple public parks, boutiques & restaurants, as well as only a
short bike-ride or walk to the water and sands of the Delaware Bay.
So, pack your sunscreen and make your move to the beach with this
brand-new spot that you can customize to suit your taste!
Unit Size
2,815 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$531
Property Type
House
Property Taxes
$45
HOA Dues
-
Year Built
-
Listed By
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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: 5 days ago (Bright MLS #DESU2070624)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,495,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Dec 4, 2023 | Sold | ||
| Sold | |||
| Jul 15, 2023 | In contract | - | |
| In contract | |||
| Mar 16, 2023 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $600,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Kitchen Island, Pantry, Walk-In Closet(s), Floor Plan - Open, Primary Bath(s), Upgraded Countertops
Appliances: Dishwasher, Disposal, Electric Oven, Stainless Steel Appliance(s), Microwave, Refrigerator, Water Heater
Flooring Type: Carpet, Ceramic Tile, Engineered Wood
Exterior Details
Square Footage: 2815
Square Footage Source: $0
Property Condition: Excellent
Architectural Style: Contemporary, Coastal
Building Name: NONE AVAILABLE
Levels: 3
Other Structures: Above Grade, Below Grade
Construction Materials: Blown-In Insulation, Fiber Cement, Stick Built
Patio and Porch Features: Porch
Lot Size Area: 3485
Lot Size Units: Square Feet
Lot Size Acres: 0.08
Lot Size Square Feet: 3485
Lot Size Dimensions: 45.00 x 85.00
Water Source: Public
Financial Details
Tax Annual Amount: $536
Utilities Details
Cooling Type: Central Air
Heating Type: Other
Sewer : Public Sewer
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 Lewes
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Listed by: Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DESU2070624
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Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DESU2070624
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