(2 Unit Property) 1 Wanoma Cir

Rehoboth Beach, DE 19971

$695,000.00

price

4

beds

4/

baths

0.20 acres

lot size

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.

General Details

StatusActive Under Contract
List Price$695,000.00
Address(2 Unit Property) 1 Wanoma Cir
Rehoboth Beach DE 19971
MLS NumberDESU2019066
Beds4
Baths4/
Lot Size (Acres)0.20
Lot Size (Sq. Ft.)8712.00
Levels/Stores3
BasementFull,Outside Entrance,Interior Access,Sump Pump,Walkout Stairs,Workshop,Other,Partially Finished,Poured Concrete
GarageYes
Structure TypeDetached
New ConstructionNo
Year Built2003
StyleCoastal,Contemporary
Tax ID334-18.00-510.00
Ownership InterestFee Simple
AgentSkip Faust Iii
BrokerageColdwell Banker Premier - Rehoboth

Location

Latitude38.70960000
Longitude-75.12631000
In City LimitsNo
MLS AreaLewes Rehoboth Hundred (31009)
Legal SubdivisionVillages Of Old Landing II
School DistrictCAPE HENLOPEN

Water Access

WaterfrontNo

Associaton/HOA

HOAYes
HOA Fee1000.00
Senior CommunityNo
AmenitiesCommunity Center,Lake,Picnic Area,Swimming Pool,Other

Utilites Information

Water SourcePublic
Sewer/SepticPublic Sewer
Central AirYes
Cooling TypeCentral A/C
Cooling FuelElectric
Heating FuelPropane - Metered
Hot WaterPropane

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Coldwell Banker Premier - Rehoboth

Courtesy of: Coldwell Banker Premier - Rehoboth

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Date last updated: 08/15/2022 04:52:14 PM