(2 Unit Property) 1 Wanoma Cir
Rehoboth Beach, DE 19971
$695,000.00
price4
beds4/
baths0.20 acres
lot sizeSUN 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
| Status | Active Under Contract |
| List Price | $695,000.00 |
| Address | (2 Unit Property) 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 |
Location
| 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 |
Water Access
| Waterfront | No |
Associaton/HOA
| HOA | Yes |
| HOA Fee | 1000.00 |
| Senior Community | No |
| Amenities | Community Center,Lake,Picnic Area,Swimming Pool,Other |
Utilites Information
| 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 |
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Coldwell Banker Premier - Rehoboth
Courtesy of: Coldwell Banker Premier - Rehoboth
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