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$273,423Estimated home value

Beds
4
Baths
2.0
sq ft
2,100

5 Lakewood Dr, Lewes, DE 19958

5 Lakewood Dr

LEWES, DE 19958

  • Sold On 12/15/2020
    • Price drop $10,000↓
Welcome to this recently constructed home in the quiet community of Lochwood. This bright and airy property features four bedrooms, two full baths, and just over 2,100 square feet of one-level of living. Upon entering the front door, you are greeted by a large open floor plan complete with two separate and spacious living areas, a dining room, and a generously sized kitchen with lots of counter space. The master bedroom and en-suite bath are bright and welcoming and feature a large soaking tub, separate shower, and walk-in closet. An additional three bedrooms share the guest bathroom. Special touches abound, shiplap walls, beautiful wood cabinetry in the kitchen and bathrooms, and laminate floors throughout are just some of the upgrades to this lovely home. A dedicated laundry room/mud room is conveniently located at the rear of the house with a door to the driveway and side yard. There is also a new septic system and storage shed, making this home truly turnkey! Lochwood's convenient Lewes location is only minutes to Route 24 and less than 10 miles from the famous Rehoboth Beach Boardwalk. Enjoy the peace and serenity of life at the beach!

Details

Property type

Single Family Residence

Est. home value

$273,423

Lot size

0.25 acres

Price per sq ft

$134

Year built

2020

Annual property taxes

$832

Monthly HOA fee

$19

Price History

04/08/2025
Bright

Bright #DESU2072370

Removed
$399,900
01/30/2025
Bright

Bright #DESU2072370

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

Bright #DESU2072370

Price change
$419,000
-2.33%

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

-$1,707
Asking price
$279,900
Closing costs (~8% of asking)
-$22,392
Est. remaining loan balance
-$259,215
Cash to seller
-$1,707

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

$259,215

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: Off Market

Tomo last checked: 04/10/2025 at 6:10 PM

Listing updated: 12/17/2024 at 12:15 PM

Listed by: CARRIE LINGO, Jack Lingo - Lewes Phone #: (302) 645-2207

MLS: Bright #DESU164668

Bright logo

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