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$399,900

Beds
4
Baths
2.0
sq ft
2,100

5 Lakewood Dr, Lewes, DE 19958

5 Lakewood Dr

LEWES, DE 19958

  • 117 days on market
    • Price drop $19,100↓
5 Lakewood Drive, a spacious 2,100 sq. ft. home situated on a generous quarter-acre lot in the peaceful Lochwood Community. This beautiful home offers a perfect balance of comfort, privacy, and convenience, with easy access to Delaware’s stunning beaches and vibrant shopping areas. Inside, you’ll find a thoughtful floor plan with 4 bedrooms and 2 bathrooms, including a master suite located on the opposite side of the home from the other rooms for added privacy. The master suite features a walk-in closet and an en-suite bathroom, creating a serene retreat. This home also boasts two spacious living rooms, providing plenty of space for both relaxation and entertaining. Whether you're enjoying family time in one living area or hosting guests in the other, you’ll appreciate the open and flexible layout. The functional kitchen and large dining area are perfect for hosting meals or enjoying quiet evenings at home. The quarter-acre lot offers plenty of outdoor space for activities, while the peaceful neighborhood provides a calm setting. Lochwood Community is ideally located just a short drive from Delaware’s beautiful beaches, including Lewes Beach and Rehoboth Beach. Enjoy easy access to shopping, dining, and entertainment, making this location ideal for both year-round living and beach getaways. Now offered at $399,900, this home presents an incredible opportunity to own in a highly desirable location. Schedule a showing today and see all that this beautiful home has to offer!

Details

Property type

Manufactured Home

Type

Double Wide

Est. home value

$273,423

Lot size

0.25 acres

Price per sq ft

$191

Year built

2019

Annual property taxes

$880

Monthly HOA fee

$19.17

Price History

01/30/2025
Bright

Bright #DESU2072370

Price change
$399,900
-4.56%
12/19/2024
Bright

Bright #DESU2072370

Price change
$419,000
-2.33%
10/14/2024
Bright

Bright #DESU2072370

Listed
$429,000
+46.92%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CAPE HENLOPEN

Negotiation Insights

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

Seller could get up to

$107,552
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$260,356
Cash to seller
$107,552

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Southern Trust Mortgage, Llc

Loan start date

December 2020

Original loan amount

$286,711

Est. remaining balance

$260,356

Interest rate

2.81%

Loan type

FHA, 30 year

Seller

Marisa L Reising and Timothy Musa-Nielsen

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: 02/05/2025 at 4:45 AM

Listing updated: 01/30/2025 at 1:11 PM

Listed by: Alexis Knotts, Coldwell Banker Premier - Lewes Phone #: (302) 645-2881

MLS: Bright #DESU2072370

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