Active

126 Franklin Ave

Lewes DE, 19958

$1,688,000


$574.15 per sqft

Active

5 Beds

3 Baths

2,940 sqft

Residential

Built in 1850

APPRAISED AT 1,950,000. A true Lewes landmark, the first Lewes National Bank is now for sale. One of the few remaining Federal period homes, the bank was purchased and moved from Second Street in 1918 by famed local sea captain James Bartlett. Make sure to read the article recently published in the Cape Gazette, titled "Former Lewes National Bank for sale as historic home." A meticulous renovation, spanning over 20 months, perfectly retains the home's historic character while adding modern conveniences. Five bedrooms, three fully renovated baths, a study, a second bar and kitchen area, a rare second-story porch, and many more surprises await within this important and spacious home. Multiple engineer's letters, new high-velocity HVAC, plumbing, electric, and a chef-inspired gourmet kitchen, along with all new interior and exterior finishes, woodwork, and incredible attention to detail, only begin to describe the restoration process. A must-see home in person. Your entire family and guests, accommodating up to 15, will be in awe of your historic treasure. Upon arriving at the property, you are greeted with all-new, Grade A1 western cedar shake from Oregon. Period-correct, individually installed, double-coursed cedar shake provides maximum protection and longevity. The original cypress cedar shake has been sealed in "oyster grey" and remains on the entrance wall of the home. The period shutters, circa 1834, are from an Annapolis tobacco farm and have been installed with iron hardware. The newly installed, three car driveway includes a brick border with crushed oyster shell. The new walkway and porch are lined with vintage brick and real brick veneer. Period-correct columns on the first and second-story porch, along with the Lewes National Bank sign, are an exact match to an original photo of the building. Upon entering, to the right, you have a period-correct study, with a newly restored fireplace, an installed wood stove, and a marble mantel. To the left, you'll find the chef-inspired gourmet kitchen and dining area, adorned with custom window trim, wainscoting, and original exposed beams found during the renovation. To the left of the kitchen, there is a living room with custom picture frame molding. Off the living room, you'll find a large bedroom with a spacious closet and a private entrance from the exterior. From the living room, you can take a separate staircase to the primary suite. This portion of the second floor includes a private bedroom, a large full bath with a tub, a private living space, and its own entrance to the second-story porch. The living room, main-level bedroom, and second-story primary suite were added in 2002. Back into the dining area, take the original staircase to the historic side of the second story. To the right of the second-story landing, you have an extra-large bedroom with exposed original beams and a 13-foot ceiling. To the left of the landing, there is a foyer with a bar, a kitchen area, and exposed beams. Cocktails can be served from your bar directly onto the second-story porch with an entrance from the foyer. The foyer also provides access to the large custom bathroom with double rainfall showerheads. Another large bedroom completes the historic side of the second floor. Behind your bar area is a large staircase to the final bedroom on the third floor. A kid's paradise with nautical-themed wallpaper, a rope border, a full bed with a twin trundle, and a reading nook. The newly restored fireplace and chimney can be found in this room, which extends the ceiling by five feet, featuring a stepped-out brick structure with real copper flashing and a cap. An often-misused phrase, this is a true once-in-a-lifetime chance: the chance to own one of the most important pieces of real estate in the first city in the first state. We are proud to present to you the first Lewes National Bank. Owner is a Licensed Delaware Realtor. Listing Agent has Financial Interest.

DESU2048754

MLS ID

February 21, 2024

Updated

Map

126 Franklin Ave
Lewes DE, 19958

Interior Features

Total Stories

2


Bedrooms

5 Beds


Bathrooms

3 Baths


Appliances

Dishwasher, Disposal, Dryer, Refrigerator, Freezer, Ice Maker, Microwave, Cooktop, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Exhaust Fan

Exterior/Building Features

Lot Size

0.13 Acres


Architectual Style

Colonial


Roof

Asphalt


Sewer

Public Sewer

School Information

School District

CAPE HENLOPEN


High School

CAPE HENLOPEN

Other Property Details

Taxes

$994


Tax Frequency

Annually


Days on Market

150


Garage

No


Parking

Off Street


Parking Total

5


View

No


County

SUSSEX


Water Source

Public


Pool

No


Zoning

In Historic District


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/10/2024

Price Change

$1,688,000

-6%

2/9/2024

Price Change

$1,688,000

-6%

12/11/2023

Price Change

$1,788,000

-6%

10/10/2023

Price Change

$1,888,000

-6%

Listed by Michael Jeremy Finkle, with EXP Realty, LLC
Listing Contact: 3027432369 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/21/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/21/2024 at 1:08 AM UTC

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