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Sussex 19958
34041 MULBERRY LN
$420,000
● House - Off Market

34041 MULBERRY LN

LEWES, DE 19958
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$395,777
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Sandy Brae Charmer!  This well maintained 3 bedroom, 2 bath home is move-in ready and has lots of updates!  Enter to a sunny living room with a separate dining room.  The new laminate plank flooring continues through the living areas and into the bedrooms.  The kitchen and large breakfast area have tile flooring that carries through into sunroom and the laundry room.  The pride of ownership really shines through as there have been many recent updates including: new flooring throughout, new roof (2019), encapsulated crawlspace, new plumbing fixtures, new comfort height toilets, new vanities, updated lighting & ceiling fans, new picture window (living room), new kitchen sink, new laundry sink, new skylight, newer fence and more!  There is an oversized 1 car garage (18' x 28') with plenty of storage, huge attic for more storage, a patio and mature landscaping with a fig tree in the large fenced in backyard.  Sandy Brae has low HOA fees (just $125 per year) and a great location, 5 miles to Lewes Beach and 5 miles to Rehoboth Avenue.  Deadline for offers is 3pm on Monday, 3/13.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$229
Property Type
House
Property Taxes
$70
HOA Dues
$125
Year Built
-

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Cap Rate Calculator

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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: 4 years ago (Bright MLS #DESU2037266)

Price History

Date / Event Date Event Price
May 1, 2023 Sold
Premium
Sold
Mar 15, 2023 In contract -
In contract
Mar 11, 2023 Listed by RE/MAX Realty Group Rehoboth $389,000
Listed by RE/MAX Realty Group Rehoboth
Aug 17, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,248
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 950
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDY BRAE
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: SANDY BRAE LOT 3 BLK Q

Neighborhood

  • School District Name: Cape Henlopen School District
  • School Tax School District: CAPE HENLOPEN
  • Census Tract: 051011

Zoning

  • Zoning: MR

Geography

  • District: CAPE HENLOPE
  • Parcel: 334-6.00-588.00
  • Block: Q
  • Lot: 3
  • Municipality: LEWES AND REHOBOTH HUNDRED
  • Latitude: 38.7349
  • Longitude: -75.1565

    Address

  • Full Address: 34041 Mulberry Ln
  • Address - House Number: 34041
  • Address - Street Name: Mulberry
  • Address - Suffix Type: Ln
  • State: DE
  • City Name: Lewes
  • Carrier Code: R806
  • 4-Digit Zip Code: 4760
  • Zip Code: 19958

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $86,673

    Appraisal Valuation

  • Standard Deviation: 0.2217
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 69
  • Final Value: 419,696
  • High Value: 512,759
  • Low Value: 326,633

    Market Valuation

  • Market Total Value: $35,200
  • Market Land Value: $3,500
  • Market Improvement Value: $31,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,600
  • Assessed Land Value: $1,750
  • Assessed Improvements Value: $15,850

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15008
  • Previous Sale Recording Date: Aug 17, 2016
  • Previous Sale Contract Date: Jul 20, 2016
  • Previous Sale Amount: $239,467
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sussex

Stats & Trends

Median Asking:

$453,500

Sale Price/ft²

$238

Below Asking

0.03%

Average Days on Market

78

Average Home Size

2093 ft²

Average Home Age

23.1 years

Currently For Sale

2285 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 17380 Taramino Place, LEWES, DE, 19958

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,400 ft²
17380 Taramino Place #11, LEWES, DE, 19958 Listing by Adriane Gallagher
Unit for rent at 45 Tiffany Drive, REHOBOTH BEACH, DE, 19971

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,404 ft²
45 Tiffany Drive, REHOBOTH BEACH, DE, 19971 Listing by KRISTINE DURAN
Unit for rent at 106 Lakeside Drive, LEWES, DE, 19958

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
106 Lakeside Drive, LEWES, DE, 19958 Listing by ANTONIO AMBROSINO

Rentals Near You

Click here to view more rentals in the neighborhood.
Bright MLS

Listed by: Debbie Reed
RE/MAX Realty Group Rehoboth
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DESU2037266
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.

Frequently Asked Questions

When was property at 34041 Mulberry Lane built and last sold?
The property at 34041 Mulberry Lane was built in and last sold on Apr 28, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 34041 Mulberry Lane is $0.
What are some comparable homes to 34041 Mulberry Lane?
There are currently no comparable homes to 34041 Mulberry Lane.
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