17261 Sweetbriar Road, Lewes, De 19958 | $120,000

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Property Details

Nice 2/2 with large addition, screened porch, small deck, 1 car detached garage and shed on a little over 1/2 acre. Newer roof, gutters, water pipes under house, well, heat pump and hot water heater. Close to beaches and shopping and you OWN the land
  • MLS Number: 719206
  • Status: Active
  • Price: $120,000
  • Property Type:
  • Area: Broadkill Hundred
  • Community: Carsyljan Acres
  • School District: Cape Henlopen
  • Square Footage: 1,300
  • Year Built: 1988
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Number of Stories: 1
  • New Construction: No
  • County Taxes: $360
  • Furnished: Partial
  • Lot Square Feet: 24,394
  • Lot Size Acres: 0.56
  • Lot Description: Cleared, Landscaped
  • Water: Well
  • Sewer: Public Central Sewer

Interior Features

  • Kitchen: Breakfast Bar, Eat In
  • Heating: Heat Pump(s)
  • Cooling: Central A/C, Window Unit(s)
  • Flooring: Carpet, Vinyl
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer-Electric, Oven/Range Gas, Refrigerator, Washer, Water Heater Electric
  • Interior Features: Ceiling Fan(s), Storm Door(s), Storm Window(s), Window Treatments

Exterior Features

  • Style: Modified Single Wide
  • Construction Type: Mobile (Prior 1993)
  • Exterior Type: Vinyl Siding
  • Roofing: Asphalt Shingle
  • Foundation: Piers
  • Garage: Detached
  • Garage Size: 1
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Deck - Rear, Porch - Screened
  • Exterior Features: Storage Shed/Outbuilding

Listing Courtesy of COLDWELL BANKER RESORT REALTY - L

Lewes Readers find Real Estate Opinions Unanimous…Almost Real

 

Lewes’s real estate picture usually differs little from that of the nation as a whole. The latest rumblings from the mass media and web continue to bolster the picture of rising values and quickening activity—a sweet story with nary a sour note. In fact the unanimity of voices from almost every corner of the country is a story in itself. There was just one exception.

Some samplings Lewes readers would have found in the past week’s real estate news and opinion—

  • From the Associated Press, we learned that “prices are soaring” in some cities, and that they rose in all 20 cities polled. The pace of existing home sales rose to the “fastest pace since February 2007.”—roughly what might be expected in a healthy housing market. The AP attributed at least some of the reason for the real estate price rises to widespread predictions that the Federal Reserve may start raising short-term interests rates sooner rather than later.
  • From Dan Green’s Mortgage Reports, the home value increase was illustrated in a multi-colored chart, which showed sample cities’ rises at anywhere from 1%-11%—with most clumped between the 4%-6% lines. Freddie Mac was quoted as pegging the average 30-year mortgage rate at below 4%, with VA and FHA mortgage rates even lower. Their opinion was straightforward: “It’s an inexpensive time to finance a home.” Since historically “mortgage rates average nearer to 8:25%,” that opinion is hardly a stretch!
  • Headlines from CoreLogic’s latest Home Price Index Report were “Home Prices Rose by 6.5% Year Over in June 2015” and “HPI Forecast Projects 4.5%” rise for the coming 12 months. CoreLogic’s nationwide real estate numbers are among the most reliable—whereas some of the government numbers sometimes have to admit regular later revisions, it’s not usually the case for them.
  • Surprisingly, town observers would have had to go to the National Association of Realtors® site to find what at first sounded like the only sour note to be heard—yet it, too, had a sweet finish. “Pending Home Sales Dip in June” headed the last week’s news release. You had to read the fine print to learn that the pending sales were 8.2% higher than a year before, and that although they dipped slightly from May’s number, they were still the third highest reading in 2015…and marked the tenth consecutive monthly year-over-year increase!

Strengthening real estate prices have continued to bolster a solid summer selling season. If you are interested in exploring the Lewes market as a prospective buyer (or as a seller), the climate continues to be inviting. Good reason to give me a Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Delaware Rental Home for Sale and the Get Rich Slow Scheme!

 The term “get rich quick scheme” has been held in low regard since before Charlie Ponzi’s pyramid came crashing to earth in the 1920s. Probably that word “scheme” is a problem…sounds too shifty. And the whole idea of sudden riches sounds as reassuring as “something for nothing” or “free lunch.” 

Prudent Delaware residents tend to go a good deal more cautiously when they plan their investments. They usually aren’t even aiming to “get rich.” More like “get comfortable.” Instead of hoping to reap sudden wealth (living off all those tolls after buying the Brooklyn Bridge), they think in conservative terms like “passive income streams” and “lowered risk strategies.” Instead of responding to radio ads for the week’s fastest-growing franchise opportunity, they’re more likely to be scouring the listings for Delaware rental homes for sale.

A week or so ago, The Wall Street Journal published a real estate piece that focused on the building momentum behind this kind of investment strategy. The headline promised to point out ways “to get the best return on a rental property.” It included bullet-pointed tips like “Maintenance costs money” and “Invest for the long term.” The article described the growing number of investors concerned about stock market volatility: they are “choosing a different place to park their money.” The parking place in question? “Buying homes in moderately-priced markets…then renting them out.”

Instead of going high-ticket, one Ohio investor purchased a four-bedroom home for $175,000 in a town with “a strong job market.” After expenses, she nets $350 in positive monthly cash flow. Doing the math, that may be a modest amount, but it’s the cash net after paying for the home loan: she’s simultaneously acquiring the property. It’s a slow but steady strategy. Anyone who finds themselves regularly checking the listings for Delaware rental homes for sale are probably like-minded with investors the Journal describes: “investors who take comfort in the steady income stream.”

With “get rich quick” schemes held in such disrepute, you might conclude that a “get rich slow scheme” would be well-received. Perhaps—but it might be better if we switch out that “scheme” word for one that’s more substantial—like “plan” or “program.” In the meantime, if you are among those looking for this brand of steady-as-she-goes investment opportunity, you don’t need a formal designation to put it into action. For details on the current batch of Delaware rental homes for sale, just phone me at the office! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.