348 Savannah Road

Lewes, DE 19958

$1,500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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 for 348 Savannah Road

Tax ID Number
335-08.11-52.00
Ownership
Fee Simple
Structure Type
Detached
Style
Converted Dwelling, Victorian
Waterfront
No
Garage
No
Building Name
NONE AVAILABLE (LEWES DE)
Total Parking Spaces
4

Location

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LISTING UPDATED: 02/07/2024 11:20 AM

Property Details for 348 Savannah Road

StatusActive
MLS #DESU2041096
Days on Market302
Taxes$1,062 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountySussex County

Location

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Building Information for 348 Savannah Road

Stories-Residences4Year Built1900Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$8,275 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$89

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 348 Savannah Road

Location
Location
  • In City Limits: Yes
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
  • SchoolDistrictSource: Listing Agent
  • High School: CAPE HENLOPEN (SUSSEX DE)
  • County: SUSSEX
  • MLS Area: Lewes Rehoboth Hundred (31009)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Year Assessed: 2022
  • County Tax: $43
  • City Town Tax: $601
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 999
  • Agricultural Tax Due: No
  • Historic: Yes
  • Zoning: TN
  • Tax Lot: LEWES
  • School Tax: $418
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 5
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 45.00 x 96.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Cleared, Rear Yard
  • Road Surface Type: Paved
  • Location Type: Downtown
  • Parcel ID: 5216177
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street, Other
  • Off Street - # of Spaces: 4
  • Parking Features: Paved Parking
Interior Features
Interior Features
  • Interior Features: Kitchen - Eat-In, Primary Bath(s), Tub Shower
  • Fireplace: No
  • Appliances: Oven/Range - Electric, Refrigerator, Water Heater, Washer, Dryer, Dishwasher
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Exterior Lighting
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Sewer Available, Water Available, Electric Available, Cable TV Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Sussex County Association of REALTORS (DE)
  • List Agent URL: www.SellTheShore.com

Property History for 348 Savannah Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 348 Savannah Road

Taxable ValueLand$3,650Additions$6,050Total$9,700
Tax Record2023$478 ($40 / month)
Home Facts
Beds0Lot Size4,321 SqFtStyleSingle Family ResidenceZoningTNCountySUSSEXAPN335-8.11-52.00

Schools near 348 Savannah Road

This home is within Cape Henlopen School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Shields (Richard A.) Elementary School
PublicK to 5

Mariner Middle School
Public6 to 8

Cape Henlopen High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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348 Savannah Road is a multi-family home for sale in Lewes, DE 19958. This property was listed for sale on June 15, 2023, it's currently listed at $1,500,000. This listing's school district is Cape Henlopen School District. Nearby schools include Shields (Richard A.) Elementary School, Mariner Middle School and Cape Henlopen High School. 348 Savannah Road is a 0-bed, 0-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.