210 New Castle, Rehoboth Beach, De 19971 | $1,189,000

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Property Details

Classic In-Town Rehoboth cottage circa 1937 in the heart of South Rehoboth. Home is only 2.5 blocks to the beach and boardwalk and an easy stroll to activity on Rehoboth Avenue. Enter the large front screened porch and enjoy the first floor that h
  • MLS Number: 721485
  • Status: Active
  • Price: $1,189,000
  • Property Type:
  • Area: Dewey To Lewes East Of Canal
  • Community: South Rehoboth
  • School District: Cape Henlopen
  • Square Footage: 1,628
  • Year Built: 1937
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $713
  • City Taxes: $344
  • Trash Fee: $275
  • Furnished: Partial
  • Lot Dimensions: 50x100
  • Lot Square Feet: 5,000
  • Lot Size Acres: 0.11
  • Water: Public Central Water
  • Sewer: Public Central Sewer

Interior Features

  • Kitchen: Breakfast Bar, Kitchen/Dining Room Combo
  • Fireplace: Wood Burning
  • Heating: Oil
  • Cooling: Central A/C, Window Unit(s)
  • Flooring: Hardwood
  • Basement: Basement - Partial,Inside Stairs
  • Attic: Floored
  • Appliances: Dishwasher, Dryer-Electric, Microwave, Oven/Range Gas, Refrigerator, Washer, Water Heater Electric
  • Interior Features: Fixed Attic Stairs

Exterior Features

  • Style: Coastal,Cottage
  • Construction Type: Stick/Frame
  • Exterior Type: Aluminum Siding, Vinyl Siding
  • Roofing: Asphalt Shingle
  • Foundation: Concrete Block
  • Garage: Detached
  • Garage Size: 1
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Patio - Rear, Porch - Front, Porch - Screened
  • Exterior Features: Outside Shower

Listing Courtesy of JACK LINGO REHOBOTH

Not All Changes Add Value to Your Rehoboth Beach Listing

In Rehoboth Beach’s competitive housing market, shrewdly targeting which (if any) renovations to make prior to listing your home can sharply affect not only its DOM (days on market), but the price it ultimately brings. After making any obviously needed repairs ­ any that would be standout deficiencies left untended ­ you must still decide, what else?

Of the welter of possibilities you could choose before your property appears in the Rehoboth Beach listings, recent studies show some renovations have the greatest impact on selling prices.

An inviting outside entertainment area is a significant plus for many prospects, so the addition of a wooden deck heads the list. A deck is relatively quick and easy to install, so when Remodeling Magazine reports a 77% return at sale, being able to add “entertainment deck” seems an economical way to add appeal to any Rehoboth Beach listing. If you already have a deck, you might consider expanding or improving it.

Since the kitchen is the heart of a home, even a modest improvement ­ like freshening up cabinets or upgrading an appliance or two ­ can make a dramatic impact on salability. If your home is already priced at the high end of the market, simply adding granite countertops is an investment that's not likely to add significantly to the bottom line...whereas the return on minor kitchen improvements is measured in the neighborhood of 75%.

For an older home, changing out questionable windows with new, environmentally advanced ones can create a listing feature that's adds appeal to utility cost-conscious home buyers. Window replacement is a quick fix; and if you already have newer windows, an upgrade to siding can add one fewer thing potential buyers find to worry about...and one more reason to choose your offering.

Such easy fixes are ways to increase the instant appeal of your Rehoboth Beach listing without severely denting your pocketbook. Being conscious of the way your listing compares with others in town will put you ahead of the pack. Savvy shoppers; don’t sit on the sidelines, Another way: for more ideas to make your Delaware home an irresistible buy, Call/text 302-228-7871or 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.

For Rehoboth Beach Real Estate, an Event-Filled Week

 Last week brought June (and the first half of the year) to an end with a lot of happenings—any one of which could have a significant impact on Rehoboth Beachreal estate in the months ahead. The biggest event was another unpredicted swoon in mortgage interest rates.

On Wednesday, the first event came when the National Association of Home Builders released their quarterly Eye on the Economy commentary, which projected “little risk” of a financial crisis from the events in Europe. And in fact, global markets did a good job of rebounding from the previous week’s dips, ending the week pretty much in pre-Brexit territory. NAHB’s view of the stateside situation retained its optimistic tone, noting that “housing remains a bright spot for an economy overcoming yet another soft first quarter…” That was borne out statistically, with housing’s share of the economy on the increase.

CoreLogic’s MarketPulse for June supported that view, showing a home price index that rose 6.2% year-over-year, and completed foreclosures down nearly 16%—which put foreclosures at pre-Recession levels. They noted another interesting fact: cash sales as a share of the market fell to 33% of all sales, a level that matched what it was before the housing crisis. That’s the first time that has happened, and could well signify a final end to real estate’s recovery phase.

The National Association of Realtors® reported on home resales for the previous month, and it was more good news for sellers. Resales rose to a more than nine-year high, with median house prices soaring 4.7% from the same period in 2015. The annual rate was projected at more than 5 ½ million units, “the highest level since February 2007.”

Next, Harvard University released a State of the Nation’s Housing report, with findings that sounded similar. One standout item might be of special interest to local real estate investors with an eye on the rental market. Nationally, the rental market continued to grow in 2015, comprising “the largest one-year increase in renter household” ever.

But the main news had to do with mortgage interest rates and the hangover from the previous week’s vote on Britain’s exit from the European Union. Trulia’s Chief Economist wrote about what Brexit means for the U.S. housing market: “The answer is no one really knows…”

That view was countered at CBS’ Moneywatch with its bold headline, “Brexit will keep U.S. mortgage rates in the basement.” The opinion was grounded on a “powerful though indirect” correlation between the two factors. Citing Bankrate’s Chief Financial Analyst’s complex reasoning, CBS followed by spotlighting Friday’s market verification: “Mortgage rates are tumbling…to rates not seen since 2013.”

If CBS is right, Rehoboth Beachhome buyers could benefit. “Mortgage shoppers are often beneficiaries of market volatility and uncertainty,” according to CBS. Of course, that only comes to pass when the right home at the right price has been found…which is where a timely call to my office enters the picture! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com