4 Anchor Way, Dewey Beach, De 19971 | $609,000

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Property Details

Renovated townhome at the very south end of Dewey Beach. Expansive water views of Rehoboth Bay and just a short walk to the ocean beach! Right-away access to the bay at end of the street for the bay beach and water access. Park your car in one of th
  • MLS Number: 721199
  • Status: Active
  • Price: $609,000
  • Property Type:
  • Area: Dewey To Lewes East Of Canal
  • Community: Indian Beach / Anchor Way
  • School District: Cape Henlopen
  • Square Footage: 2,200
  • Year Built: 1983
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Stories: 4
  • Unit Floor Number: 1
  • New Construction: No
  • County Taxes: $1,267
  • City Taxes: $124
  • Condo Fee: $3,800
  • Water View: Bay
  • Furnished: Yes
  • Lot Size Acres: 0.00
  • Water: Public Central Water
  • Sewer: Public Central Sewer

Interior Features

  • Kitchen: Countertops - Granite
  • Fireplace: Wood Burning
  • Heating: Heat Pump(s)
  • Cooling: Heat Pump(s)
  • Flooring: Carpet, Hardwood
  • Appliances: Dishwasher, Disposal, Dryer-Electric, Fridge w/Ice Maker, Microwave, Range Hood, Washer, Water Heater Electric
  • Interior Features: Cable TV Prewired, Ceiling Fan(s), Fireplace-Wood, Insulated Door(s), Insulated Window(s), Insulation, MBED-Full Bath, Screen(s), Storm Door(s), Window Treatments

Exterior Features

  • Style: Townhouse
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Slab
  • Garage: Under Home
  • Garage Size: 2
  • Parking: Carport Attached, Driveway/Off Street
  • Porch/Deck/Patio: Deck - Front, Deck - Rear
  • Exterior Features: Storage Shed/Outbuilding

Listing Courtesy of JACK LINGO REHOBOTH

Predicting the Return on Investment of Your Dewey Beach Home

If you are a Delaware homeowner (or about to become one), you’ll be interested in the progression of your Dewey Beach home’s value over time. The market may fluctuate, but what doesn’t is your goal of seeing your property value go up — in other words, calculating its Return on Investment. In economic terms, evaluating the projected ROI tells you how much profit there would be if the home is sold at a later time.

There are two major methods of calculating real estate ROI. Both take cost and appreciation into account — but they come up with quite different answers!

The Cost Method gives a smaller ROI. Consider buying an area house for $100,000. Ubiquitous Zillow (the Internet giant) pegs the current annual appreciation rate for real estate in the U.S. at 6%. If our Dewey Beach market proves true to that projection, the example Dewey Beach home value would register $106,000 after the first year. If $2,000 were spent on repairs, that means a $4,000 profit would result, and the ROI for that one year would be $4,000 divided by $102,000: 3.9%. At that ROI, it would take roughly 26 (100 divided by 3.9) years to equal the cost of the home.

Sometimes called the “Out of Pocket” method, this calculation yields a higher ROI. Here, ROI is calculated based on the size of the down payment (assuming a mortgage is involved). Take the same example: the Dewey Beach home valued at $100,000. You won’t actually pay that whole amount — just the down payment (say, $20,000). To evaluate the ROI, the down payment is added to the repair costs ($20,000+$2,000) and that number is subtracted from the appreciated home value ($106,000-$22,000). The “equity” in this case is $84,000, so the ROI in that single year is $84,000/$106,000 = 79.2%. Although this sounds terrific, it isn’t too realistic…after all, the mortgage left is still owed: it may not be “out of pocket” because it hasn’t been actually paid yet, but the remaining liability is real. 

If you have Delaware home value questions, I’m here to answer those and any other real estate-related needs. Want to discuss home values, ROI, or other property questions, call/text 302-228-7871 or email me, Russell Stucki, REALTOR ® of Beach Real Estate Market to provide detailed information on Delaware homes for sale, investment and commercial properties, luxury and  waterfront homes, condos/townhomes, new construction, lots and land, farms and equestrian properties located in but not limited to Bethany, Bethel, Bridgeville, Dagsboro, Delmar, Ellendale, Fenwick Island, Frankford, Georgetown, Greenwood, Harbeson, Laurel, Lewes, Lincoln, Milford, Millsboro, Millville, Milton, Ocean View, Rehoboth Beach, Seaford, Selbyville, Delaware.

3 Benchmarks for Dewey Beach Real Estate Agent Dowsing

Whenever a buyer or seller is set to enter the market, they find themselves faced with the task of identifying the Sussex County real estate agent who will serve them best. There are many of us to choose from—and not a lot guidance on how to proceed.

Maybe there should be something like a Real Estate Agent Dowser. You remember dowsers—the folks who divine where to drill for ground water. Most do it by walking around, holding a dowsing rod (usually Y-shaped). When it shivers or points down, BINGO! That’s where the water is. Pay the fee and call the drilling company. Now, it’s said that there is absolutely no scientific evidence that dowsing works. Yet there are plenty of folks who live out in the country who will tell you that, of course it’s hard to believe, but still… That’s why dowsing is a real occupation. Just ask any one of the American Society of Dowsers’ 3,000 members…

Here in Dewey Beach, when you set out to find a real estate agent to help with buying or selling a home, there is no American Society of Real Estate Agent Dowsers to help. Fortunately, Sussex County’s real estate agents aren’t as hard to find as underground water pockets—but even so, detecting which of us is best suited to be your partner is no “gimme.”

 One good solution is to interview the candidates with an eye toward finding out how they stack up against three practical benchmarks:

  • Selling Skill. A great real estate agent is a great salesperson—easy to talk to, sympathetic to your needs—genuinely likeable. When you are interviewing potential agents, offer an objection or two to test how seamlessly the conversation proceeds. The most valuable sales representatives are those who can adapt to resistance without batting an eye, or letting negativity prevail.
  • Current knowledge and experience. Being able to provide accurate and fact-based market information and analysis is an important indicator— as is having successfully performed in a variety of Dewey Beach real estate transactions.
  • Negotiation Skill. When all else points to a good fit, discuss the terms that candidate proposes between you. Your chosen real estate agent will be negotiating on your behalf—so your agent’s ability to present hard business matters in a relaxed and amenable way will serve you well.  

When you become your own real estate agent dowser, you won’t need a witch hazel stick to point the way. A few thoughtful interviews will do the trick—and I hope you’ll be sure to give me a call as soon as you go dowsing! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.