$750,000
UNDER CONTRACT

114 Paddock Way Lewes, DE 19958

Estimated payment $4,355/month

Total Views 219,283
0.23 Acre
$3,260,870 Price per Acre
10,125 Sq Ft Lot

Highlights

  • Community Pool
  • Jogging Path
  • Open Space
  • Lewes Elementary School Rated A

About This Lot

Excellent opportunity in Lewes’ latest custom home community known as Olde Town! This community features 85 homesites with no builder tie-in, all situated within one mile of Lewes Beach, Cape Henlopen State Park, and all the downtown restaurants and shopping attractions. 114 Paddock Way (Lot 40) is located adjacent to community open space and buffer adjacent to Showfield, and only a short walk to the community pool and pool house. The additional amenities include sidewalks, walking trails, and direct access to the 16-mile Junction & Breakwater Trail that spans from Lewes to Rehoboth Beach. Olde Town is sold out and this is a resale opportunity.

Listing Agent

Shaun Tull

(302) 227-3883 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284 Listed on: 04/18/2025

Jack Lingo - Rehoboth

Co-Listing Agent

Amanda Ryan

(302) 227-3883 amanda@rbre.com Jack Lingo - Rehoboth License #RS-0019497

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $775

Lot Details

  • 10,125 Sq Ft Lot
  • Lot Dimensions are 75 x 135.00
  • Open Space
  • Property is zoned AR-1

HOA Fees

  • $250 Monthly HOA Fees

Utilities

  • Municipal Trash

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 335-08.00-1611.00

Community Details

Overview

  • $4,000 Capital Contribution Fee
  • Association fees include common area maintenance, management, pool(s), snow removal
  • $2,600 Other One-Time Fees
  • Seascape Property Management HOA
  • Olde Town Subdivision

Amenities

  • Common Area

Recreation

  • Community Pool
  • Jogging Path
  • Bike Trail

Property Details

Property Type

Land

Est. Annual Taxes

$775

Lot Details

10,125 Sq Ft Lot

HOA Fees

$250 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: UnderContract

Interior Features

  • Price Per Sq Ft: 74.07

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public Hook-Up Available
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 3000.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Bike Trail, Common Grounds, Jog/Walk Path, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Snow Removal
  • HOA Name: SEASCAPE PROPERTY MANAGEMENT
  • HOA: Yes

Fee Information

  • Other Fees: 2600.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 4000.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Adjoins - Open Space
  • Lot Size Acres: 0.23
  • Lot Dimensions: 75 x 135.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10125.00
  • Zoning: AR-1
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 336.00
  • Tax Annual Amount: 775.26
  • Assessor Parcel Number: 335-08.00-1611.00
  • Tax Lot: 40
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,029 $89,850 $89,850 $0
2024 $370 $89,850 $89,850 $0
2023 $369 $89,850 $89,850 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2025 04/18/25 For Sale $750,000 -- --
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $479,900 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $311,935 Credit Line Revolving
Source: Public Records

About the Listing Agent

Shaun Tull
Shaun Tull

Jack Lingo - Rehoboth

(302) 592-3499

Section Image

Shaun has worked for Jack Lingo Inc – Realtor since 2003 and has closed more than $2 billion in real estate sales in his career. Leveraging his extensive experience and real time insights into market dynamics and buyer sentiment, he advises on product design and the marketing programs for JLAM assets.

Shaun is an Associate Broker at Jack Lingo Inc – Realtor and manages a talented team of agents with a strong focus on the coastal Delaware resort markets. He is a native of Delaware and

View Shaun's Profile

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Source: Bright MLS

MLS Number: DESU2083700

Bright MLS

APN: 335-8.00-1611.00

Delaware Sussex County Lewes 19958

114 Paddock Way, Lewes, DE

Under Contract

Lots

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Jack Lingo - Rehoboth
(302) 592-3499
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