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$1,699,000

Beds
6
Baths
4.0
sq ft
3,200

2303 Cedar St, Lewes, DE 19958

2303 Cedar St

LEWES, DE 19958

  • 1 day on market
This charming 6-bedroom, 4-bath single-family home, just one block from Lewes Beach and the Delaware Bay, offers incredible marsh views and an incredible investment opportunity with $140-170K in annual rental income. This property is comes with custom fully furnished furniture and is boasting modern upgrades, including a two-zone HVAC system, Rinnai tankless water heater, updated kitchen appliances, and remodeled bathrooms, this property blends comfort with functionality. Enjoy wood floors throughout the home with two fully functioning living rooms, a full dining room, stone countertops, a hot tub, and an outfitted garage with games, bikes, beach chairs, as well as a beautiful elevated back deck offering stunning marsh views. With 10 weeks already booked for 2025, this home is a prime coastal gem perfect as a second home or an income-generating asset.

Details

Property type

Single Family Residence

Est. home value

$1,131,702

Lot size

6,970 sq ft

Price per sq ft

$531

Year built

1954

Annual property taxes

$2,011

HOA

No

Price History

10/11/2024
Bright

Bright #DESU2072284

Listed
$1,699,000
+54.45%
12/30/2021
Bright

Bright #DESU2000095

Sold
$1,100,000
+96.43%
09/17/2014
Bright

Bright #1000982354

Sold
$560,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CAPE HENLOPEN

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Artisans Bank

Loan start date

December 2022

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

7.08%

Loan type

Not Provided

Seller

Cjl Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/11/2024 at 8:15 PM

Listing updated: 10/11/2024 at 6:57 PM

Listed by: Andrew Staton, Monument Sotheby's International Realty Phone #: (302) 227-6767

MLS: Bright #DESU2072284

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