Rehoboth Beach, DE 19971
SUN KISSED, SUN POWERED, BREATHTAKING SUNSETS AND A WATER VIEW. Simultaneously collect rent & reside. Mother-In-Law Suite or Live-In Caregiver Suite with separate entrance. Enjoy unobstructed water views and a carefree coastal lifestyle 3.5 miles to sand, surf & boardwalk, with a constant $196 monthly electricity cost. This better than new, move-in ready home features real wood floors, enhanced lighting, premium architectural detail, maintenance-free decks, fenced yard and exquisite landscaping. Only one neighbor and miles of meandering walking trails among acres of fountained lakes. Community pool, community center and community boat & RV storage for residents. Low fees and total annual property tax of $1,702.34. The breathtaking sunsets never get old. Each element of this exquisite home has been painstakingly planned for a turn-key, immediate gratification buyer experience. RENT SUBSIDY OPTIONS: 1) Live in the house and rent the basement, and have $225,000 of your mortgage paid by your tenant ($1,250 monthly income at 5.375% interest). 2) Live in the basement and rent the house, and have $450,000 of your mortgage paid by your tenant ($2,500 monthly income at 5.375% interest). 3) Collecting rent from the home and basement for $3,700 per month cash flow ($44,400 annually) subsidizes a $670,000 mortgage.
Status | CLOSED |
List Price | $695,000.00 |
Address | 1 Wanoma Cir Rehoboth Beach DE 19971 |
MLS Number | DESU2019066 |
Beds | 4 |
Baths | 4/ |
Lot Size (Acres) | 0.20 |
Lot Size (Sq. Ft.) | 8712.00 |
Levels/Stores | 3 |
Basement | Full,Outside Entrance,Interior Access,Sump Pump,Walkout Stairs,Workshop,Other,Partially Finished,Poured Concrete |
Garage | Yes |
Structure Type | Detached |
New Construction | No |
Year Built | 2003 |
Style | Coastal,Contemporary |
Tax ID | 334-18.00-510.00 |
Ownership Interest | Fee Simple |
Agent | Skip Faust Iii |
Brokerage | Coldwell Banker Premier - Rehoboth |
Latitude | 38.70960000 |
Longitude | -75.12631000 |
In City Limits | No |
MLS Area | Lewes Rehoboth Hundred (31009) |
Legal Subdivision | Villages Of Old Landing II |
School District | CAPE HENLOPEN |
Waterfront | No |
HOA | Yes |
HOA Fee | 1000.00 |
Senior Community | No |
Amenities | Community Center,Lake,Picnic Area,Swimming Pool,Other |
Water Source | Public |
Sewer/Septic | Public Sewer |
Central Air | Yes |
Cooling Type | Central A/C |
Cooling Fuel | Electric |
Heating Fuel | Propane - Metered |
Hot Water | Propane |
Coldwell Banker Premier - Rehoboth
Courtesy of: Coldwell Banker Premier - Rehoboth
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