27 Hall Avenue, Rehoboth Beach, De 19971 | $5,195,000

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Property Details

Oceanfront at its finest! This beautiful home is situated on arguably the best oceanfront lot in Delaware leaves nothing to the imagination. The interior of this elegant and refined home features 7 bedrooms, 8 full baths, 2 half baths, 9,500 SF, unsu
  • MLS Number: 724633
  • Status: Active
  • Price: $5,195,000
  • Property Type:
  • Area: Dewey To Lewes East Of Canal
  • Community: Chancellery
  • School District: Cape Henlopen
  • Square Footage: 9,500
  • Year Built: 1999
  • Bedrooms: 7
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Number of Stories: 4
  • New Construction: No
  • County Taxes: $8,705
  • Association Fee: $2,000
  • Waterfront: Ocean
  • Water View: Ocean
  • Pool: Inground
  • Furnished: Yes
  • Lot Dimensions: Irregular
  • Lot Square Feet: 22,651
  • Lot Size Acres: 0.52
  • Lot Description: Adjoining Park, Cul de Sac, Water Access
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Beach, Security

Interior Features

  • Kitchen: Breakfast Bar, Countertops - Solid Surface, Island, Pantry
  • Fireplace: Gas
  • Heating: Geothermal, Multi Zone
  • Cooling: Geothermal, Zoned A/C
  • Flooring: Carpet, Hardwood, Marble, Tile
  • Security: Security System
  • Appliances: Central Vacuum, Compactor, Cooktop w/Downdraft, Dishwasher, Disposal, Dryer-Electric, Extra Fridge/Freezer, Fridge w/Ice Maker, Icemaker (Separate), Instant Hot Water, Microwave, Oven/Range Gas, Oven-Double, Washer, Water Heater Gas
  • Interior Features: Built In Bookcases, Ceiling Fan(s), Elevator, Exposed Beams, Fireplace-Gas, Insulated Door(s), Insulated Window(s), MBED-Full Bath, Steam Shower, Vaulted Ceilings, Walk-In Closets, Wet Bar, Window Treatments

Exterior Features

  • Style: Coastal,Mediterranean
  • Construction Type: Stick/Frame
  • Exterior Type: Dryvit, Stucco
  • Roofing: Tile
  • Foundation: Pilings
  • Garage: Under Home
  • Garage Size: 3
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Balcony(s), Deck - Rear
  • Exterior Features: Hot Tub/Spa, Irrigation System, Outside Shower, Pool-Above Ground

Listing Courtesy of JACK LINGO REHOBOTH

Four Reasons Rehoboth Beach Real Estate Investments Beckon

Good investors tend to be cautious souls. For those who prior to 2007 had never ventured into the realm of Rehoboth Beach real estate investments, the ensuing downturn might have been enough to discourage any curiosity about that direction (even if their other investments had also suffered during the global financial crisis).

Nonetheless, at this juncture those same cautious investors might well assume that the value of real estate investments in the Rehoboth Beach area have rebounded so substantially that it’s now too late to bother looking into them. But as National Public Radio has just pointed out, there's an excellent argument to be made that conditions are now highly conducive for real estate—with real estate investments in Rehoboth Beach being no exception. I could tick off three solid reasons that immediately leap to mind, but stand corrected: NPR points to four:

1. Employment. Employers are hiring anew, and "when companies are hiring, would-be homebuyers feel more confident about taking on mortgage debt." Unemployment rates have (finally!) come down to 5.6%, and with employers having added 252,000 jobs in December, consumer confidence is up nearly 20% over a year ago.

2. Prices seem more rational. NPR points out that from January to October, prices rose 4.5% nationally; a "subdued" gain compared with the 11% burst of the year before. They project that the slower price appreciation may have set the stage for a "buying surge in 2015." From a Rehoboth Beachreal estate investments standpoint, too, gains from last year’s run-up in equities markets combined with mortgage rates still holding below 4% would seem to create the key elements many investors would consider favorably.

3. Demand for rentals is high. There is a healthy demand for rental accommodation across the country due to a tight supply of quality accommodations. USA Today tells us that between 2009 and 2013, the national vacancy rate for apartments dropped from 8% to 4.1%. Over the same period, the effective rent increased by 12% to $1,083. As one potential consequence vis-à-vis Rehoboth Beach real estate investments, new landlords might expect to be more selective about the tenants that they choose. That would mean fewer headaches for landlords with troublesome and slow paying tenants. It is might also portend that investment properties will stand vacant for briefer periods.

4. Millennials are sick of Mom’s basement. NPR points to a Census Bureau report that says only 36% of Americans under age 35 own a home, down from 42% just seven years ago. The recovering employment picture might not enable young people to save up for a down payment for a while yet, but renting quality digs should soon be more doable than was previously the case. That could set the table for a continuing robust rental environment, with Rehoboth Beach real estate investments benefitting proportionately.

NPR’s four reasons for optimism in 2015 are actually only the tip of the iceberg. If you have ever had the thought that it could be worthwhile to take a look at Rehoboth Beach real estate investments, this is a great time of year to give me a call!

 

A ‘Moving’ Experience— Rehoboth Beach Sellers Can Save Str

When a Rehoboth Beach home seller tallies the total financial impact of selling the old and then buying the new home, in addition to the closing and brokerage costs, the expense of the move has to be reckoned, too. It may seem like an afterthought, but especially for larger homes and families, it’s a cost significant enough that it bears some economy-minded preparations.

Although doing the lion’s share yourself is the surest way to bring that price tag down, it will also add a load to an occasion that’s already stressful enough. “Moving day” can prod your already surging emotional stress meter further into the red if you are trying to do everything yourself (or relying on friends to carry more of the load than is healthy for the relationships). Since this is such a common hurdle, a good deal of wisdom has developed that can keep potential Rehoboth Beach moving day misery to a minimum. Here’s a collection of useful tips:

1)      Gather ye boxes while ye may…far ahead of time. Yes, you can certainly buy them—and probably should for special types like wardrobes and glassware—but since you know you’ll be moving once the Rehoboth Beach house has been sold and the new place is ready to move into, make a point of holding onto all the clean cartons you come across leading up to the big day. Once you’re sure you have gathered enough, pinch yourself (and get back to gathering more). Somehow you always need many more than you imagine possible!

2)      Cut cut cut. Long before you approach moving day, get serious about all the stuff you don’t need any more and yard sale (it’s a verb) it, Salvation Army it (ditto), give it away, or just toss it out. If you are going to use professional movers, cutting down the size of the move will be worth its weight in…well—let’s just say it will be worth it!

3)       Dismantle ahead of time. When the movers arrive, a great chunk of their time (and thus, their bill) can be spent taking things apart for safe transport. You can do this ahead of time with a pen and some masking tape, a wrench, pair of pliers, and some Ziploc bags. The bags are for the nuts, bolts, screws, and other fasteners. The masking tape and pen are to label the bags and tape them to larger pieces—you’ll thank yourself at the other end, when it’s time to reassemble everything.

4)       Collect all receipts. Whether you pay movers or rent a van or trailer yourself, remember that moving expenses may be tax deductible. If you get a new job that’s more than 50 miles from your previous home within a year, it probably qualifies.

5)      Time your move. The major stampede for movers happens during the high volume times of year (spring and summer) and especially at the end of the month. Planning to move any other time (like right about now, for instance) will make it that much more likely one of our Rehoboth Beach movers will be able to give you a deal. And get a firm price guarantee whenever you can; estimates based on hourly rates can take a lot longer than expected!

Picking up stakes and leaving a long-time Rehoboth Beach home (or moving to your new Rehoboth Beach home) is a major life experience you’ll want to remember as the delightful opening of new doors instead of a harrowing misadventure. A little planning ahead of time helps that happen. Part of what I offer my clients is the experience of having shared many ‘moving’ experiences. Call me when one is on your horizon! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.