10 months on rocket

348 Savannah Rd, Lewes, DE, 19958

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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348 Savannah Rd, Lewes$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingPaved Parking, Off Street, Other
Year Built1900
HeatingBaseboard
CoolingWindow Unit(s)
MLS #DESU2041096
Lot Size0.09 Acres
StatusActive
(ACTIVE)

About 348 Savannah Rd

PRIME LOCATION WITH INVESTMENT OPPORTUNITY! Large detached home that contains 5 separate rental units. Each unit has separate electric meters, town water & sewer. All units have stove , refrigerators, washers & dryers. Three of the units also contain dishwashers. All units are rented. All have town rental licenses. Property is located in downtown Lewes near restaurants, shops, medical facilities and beaches. Just a short drive to Cape Henlopen State Park where you can enjoy even more of what Lewes has to offer! Sit on the front porch and enjoy all the sights and sounds. Parking in rear of home allows for 4+ cars along with rear entry into units. Lots of potential with his home. Call us today for your private tour!

Property Details

Property Features

Property Information:

  • Architectural Style: Converted Dwelling, Victorian
  • Year Built: 1900

Listing Office:

  • Office Name: Coldwell Banker Premier - Lewes
  • Office Phone: (302) 645-2881
  • Listing Agent: Julie Gritton

Interior Features

Interior Information:

  • Appliances: Oven, Electric Range, Refrigerator, Water Heater, Washer, Dryer, Dishwasher
  • Basement: No
  • Interior: Kitchen - Eat-In, Primary Bath(s), Tub Shower

Exterior Features

Exterior Information:

  • Exterior: Exterior Lighting

Parking Information:

  • Parking: Paved Parking, Off Street, Other

Lot Features

Lot Information:

  • Lot: Cleared, Back Yard
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Cape Henlopen High School, Public District Grades 8-12
  • Beacon Middle School, Public District Grades 4-8
  • Shields (Richard A.) Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Go into town of Lewes just past Beebe Hospital. Property is on left side of road near 4th street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $457
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lewes, DE.

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Lewes, DE

City

Med. Sold Price

$570.9K

Med. Price/SqFt

$269

Avg. Days On Market

41

# of Sold Homes

52

348 Savannah Rd vs Lewes

324 DAYS ON ROCKET

+283 Days

$1,500,000

+$929K More

KEY TAKEAWAY

This property is $929K more than the Median Sold Price in Lewes, DE.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DESU2041096

Listing Office:

  • Office Name: Coldwell Banker Premier - Lewes
  • Office Phone: (302) 645-2881
  • Listing Agent: Julie Gritton

IDX Information Deemed Reliable But Not Guaranteed. 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 in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 2:00:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$457$9,700
2020 - $9,700
2018$426$9,700
2017$408$9,700

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6317789
8
/10

  • Shields (Richard A.) Elementary School

  • 910 Shields Ave

  • 0.43 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6317790
7
/10

  • Beacon Middle School

  • 19483 John J Williams Hwy

  • 4.05 miles

  • Public District Grades 4-8

High School

school-card-donut-6317791
5
/10

  • Cape Henlopen High School

  • 1250 Kings Hwy

  • 1.11 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,056. Most Lewes, DE residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 348 Savannah Rd

What is the listing price of this property?

The listing price of 348 Savannah Rd property is $1,500,000.

What type of property is this?

The property 348 Savannah Rd is a house located in Lewes, Delaware, 19958.

Is this property for sale now?

Active Listing: 348 Savannah Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 348 Savannah Rd are:
Shields (Richard A.) Elementary School: GreatSchools Rating 8/10
Beacon Middle School: GreatSchools Rating 7/10
Cape Henlopen High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $457 (source: MLS/based on county public records data).

What is the square footage of this property?

The sq. ft. of 348 Savannah Rd is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 348 Savannah Rd is 1900.

Rocket Homes›Delaware›Sussex County›Lewes›19958›348 Savannah Rd

This home is located at 348 Savannah Rd in Lewes, DE and zip code 19958. This home, which was built in 1900, sits on a 0.09 acre lot. It has been listed on Rocket Homes since June 15, 2023 and is currently priced at $1,500,000.

Over 20 listings were sold over their listed price in April 2024 in Lewes, DE. In the same period over 24 listings were sold below the listed price and 8 listings were sold for the listed price. In April 2024 in Lewes, DE there were 1.7% less homes for sale than in March 2024. While the average time on the market in April 2024 was 41 days, the median list price was $570,972.

From Rocket Homes Real Estate and based on county public records data.

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