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16327 Old Mill Rd, Lewes, DE, 19958

9beds
5baths
5,000sqft
$699,999
$140price/sqft
$4,459/moest. monthly cost
$178,360/yrincome needed

About This Home

**MOTIVATED SELLER** Welcome to 16327 Old Mill Rd, located in the heart of one of the most beautiful parts of Lewes! Ready for a quick sale, this investor alert is one of the best opportunities in Sussex County with 9 bedrooms and 5 Full Baths! The house, which some may call a McMansion, is over 5,000 SF and sits at the end of a peaceful cul-de-sac.Although there is work to do for a savvy investor, many projects have been completed, including parts of new flooring, upgrading baths, siding, new walls and paint, as well as major clean-out. The house sits on a 1.2 Acre lot and comes with AR-1 zoning. Apart from backing up to a corn field, there are two sheds on the property, a two-car detached garage, and a one car attached garage. The interior has nonstop potential with plenty of storage, space for a theater room, game room, and comes with two kitchens. The house does have a rental permit and one part feels like its own condo with its own kitchen, bedroom, and full bath. The Main Bedroom is essentially its own private wing with it being oversized, double doors that open up to an external balcony, and a walk-in closet that is the size of most bedrooms! Xfinity ran underground wires for service, eliminating any additional hanging wires, and the house is only 2.5 miles from the ocean! This home is available for a quick closing so book your tour today!

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

--
Sussex ConsortiumGrades PK-122.3 mi
8/10
Cape Henlopen High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 2000

Materials

  • Foundation: Permanent
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial,Contemporary,Manor,Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 5
  • Full bathrooms: 5
  • Main level bathrooms: 2
  • Main level bedrooms: 5

Features

  • Finished area below ground: 0
  • Finished area above ground: 5,000

Heating & Cooling

  • Heating features: Baseboard,Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 5,000
  • Total interior livable area: 5,000 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 33401.0019.00
  • Zoning: AR-1
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 1.20 Acres
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 3
  • Parking features: Other,Detached,Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Cold Wave
Hurricane
Inland Flooding
Winter Weather
Wildfire
Tsunami

FEMA Declared Disasters Across Delaware Counties

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,539$42,468
Home Insurance *$152$1,824
Property Taxes $216$2,592
Electricity $552$6,635
Total$4,459$53,508
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$152,880/yr
40% on housing$133,770/yr
45% on housing$118,906/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.6%
5.6%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$140This listing

vs Other Active Listings

Avg $/sqft

ZIP 19958$263
Sussex County$247

vs Homes Sold Last Month

Median $/sqft

ZIP 19958
Sussex County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Price change$729,999
2026-04-27Price change$759,999
2026-03-31Price change$779,999
2026-03-17Listed for sale$799,999
2025-12-15Listing removed$850,000
2025-11-12Price change$850,000
2025-11-01Price change$939,999
2025-10-27Price change$989,999
2025-10-03Price change$999,999
2025-09-29Price change$1,000,999
2025-09-22Price change$1,019,999
2025-09-15Price change$1,069,999
2025-09-04Listed for sale$1,099,999
2022-08-17Listing removed--
2022-07-18Listed for sale$700,000
2022-02-22Sold$200,000

For Sale by Agent

AgentGeorge Kouznetsov
BrokerageVRA Realty

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