36151 Overfalls Dr., Lewes, De 19958 | $515,000

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Property Details

Coastal Contemporary pond front home east of Rt. 1 in Lewes! This move in ready home includes a gourmet kitchen with maple cabinets, granite, tiled back splash and stainless steel appliances. In this open floor plan you will find beautiful 5" wide p
  • MLS Number: 725172
  • Status: Active
  • Price: $515,000
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Breakwater
  • School District: Cape Henlopen
  • Square Footage: 2,362
  • Year Built: 2014
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $1,573
  • Association Fee: $2,000
  • Pool: Other See Remarks
  • Furnished: No
  • Lot Dimensions: 41x101
  • Lot Square Feet: 4,356
  • Lot Size Acres: 0.10
  • Lot Description: Landscaped
  • Water: Public Central Water
  • Sewer: Public Central Available
  • Community Amenities: Community Center, Fitness Center, Hot Tub, Pool-Inground, Pool-Outdoor, Sidewalks

Interior Features

  • Kitchen: Countertops - Granite, Island
  • Fireplace: Gas
  • Heating: Forced Air, Heat Pump(s), Gas - Natural
  • Cooling: Central A/C, Heat Pump(s)
  • Flooring: Carpet, Hardwood, Tile
  • Basement: Crawl Space-Conditioned,Sump Pump
  • Attic: Access Only
  • Appliances: Cable TV Pre Wired, Dishwasher, Disposal, Dryer-Electric, Fridge w/Ice Maker, Garage Door Opener, Microwave, Oven/Range Electric, Range Hood, Sump Pump, Washer, Water Heater Electric
  • Interior Features: Bedroom-Entry Level, Broadband Access, Cable TV Prewired, Ceiling Fan(s), Fireplace-Gas, Insulated Door(s), Insulated Window(s), Insulation, MBED-Full Bath, MBED-Separate Shower and Tub, Screen(s), Vaulted Ceilings, Walk-In Closets, Window Treatments

Exterior Features

  • Style: Coastal,Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Poured Concrete
  • Garage: Attached
  • Garage Size: 2
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Patio - Rear, Porch - Screened
  • Exterior Features: Irrigation System, Outside Shower

Listing Courtesy of KELLER WILLIAMS REALTY

Lewes Listings Might Echo U.S. Trend toward Less Luxury

Just as with movie credits, the features you find in Lewes listings have a “billing order.” The “stars” may not be printed in gigantic superstar type—but the order in which they appear do reflect changes in current buyer priorities. For a homeowner soon to add their property to this summer’s Lewes listings, it’s important to learn which features currently tend to attract the most favorable attention from prospective buyers. It’s of more than marketing interest, as well: knowing what’s in and what out can also help determine where improvement dollars should go.
The question is, which features are most desirable, and which formerly popular features have become passé: “so Twentieth Century!”
New answers to these questions usually appear a couple of times a year—and 2015 is no exception. The latest one I found was on the Realtor.com website. It went into recent history, describing in detail how listings’ features for newly-built homes have been undergoing rapid change over the past few years. In general (and probably as a reaction to the difficult economic times that only lately have seen improvement), over-the-top luxury details are fading, being replaced in favor of features centered on efficiency, organization, and pragmatism.
Examples of the kinds of details less likely to be found in today’s listings are two-story foyers, master bathrooms with whirlpool tubs, and luxurious details like outdoor kitchens. (“NOPE” in capital letters is shown stenciled over a picture of one of those outdoor kitchens…which, I have to admit, really does look like it belongs in a hotel). Whereas ten years ago, those outdoor kitchens with fancy wine racks might have been found near the top of a listing, today it might be replaced by ‘walk-in closets’ or even, simply, a ‘laundry room.’
“It’s not sexy,” says one industry executive, “but that’s what people want.”
The most extensive survey of home builder trends is conducted by their national association, the NAHB. By quizzing nearly 400 builders, they concluded that other features on the decline include outdoor fireplaces, sunrooms, and media rooms. Taking their places (and likely candidates for what we’ll soon see creeping toward the tops of some of our Lewes listings) are the walk-in closets (since people want to get out the door efficiently first thing in the morning) and well-organized and well-lit laundry rooms (to improve the efficiency of the household).
As part of a “post-recession cultural shift toward pragmatism,” this makes perfect sense. But that word “post-recession” may offer a clue to what could be the temporary nature of the NAHB’s 2015 findings. For example, granite countertops—once a ‘luxury’ item in Lewes listings—are now more popular than the laminate alternatives. And those supposedly unpopular media rooms are not vanishing totally. They’re simply being replaced by spaces that are “more flexible.”
If you’re soon to be scrutinizing your own home to determine which of its best features to emphasize, I’d be pleased to furnish an opinion—it will be based on the results we’re seeing from today’s Lewes listings! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestate.com.

A Delaware Real Estate Investment's Big 4 Advantages

When you see any title here containing the words “Delaware Real Estate Investment,” you won’t be terribly surprised if the gist turns out to be what a good idea! When you’ve had the experience of seeing clients succeed with many real estate investment projects, it’s an unavoidable conclusion. Unfortunately, also pretty yawn-worthy.

That’s why I was pleased to come across Grant Cardone’s piece in Entrepreneur magazine. We all like to see our opinions agreed with—but doubly so when you’re offered specifics that bolster your own conclusions. The article listed reasons why real estate investments are “your smartest investment.” Here are some of them:

  1. A real estate investment is a hedge on inflation. Inflation hasn’t been hugely important for a while, but serious investors have an eye out for the possibility. When you dig down, you find that real estate investments have “historically shown the highest correlation to inflation” of other major asset classes.
  2. Real estate investments enable positive cash flow. This was Entrepreneur's number one reason. Having an investment which throws off cash while building equity at the same time is any smart investor’s ideal situation. When a Delaware real estate investment produces an income stream that is significantly higher than the typical stock dividend, what investor wouldn’t be interested?
  3. Leverage. A typical Delaware real estate investment makes it relatively easy “to place debt on the asset” because of its built-in collateral value. Entrepreneur offered some math to back up the way low-cost debt works to multiply a real estate investor’s power.
  4. Maximizing tax benefits. Taxes can be the bane of any investor—so real estate provisions that lighten the load can be significant factors influencing your bottom line.

Those are four solid advantages of the eight detailed in Cardone’s article. The last reason was less demonstrable but, IMHO, just as real:

  • Feeling the pride ownership” (no further explanation necessary).

If you are an investor who is beginning to look over the year’s performance and thinking about how you want 2017 to look, I hope you’ll do two things. First: take a serious look at whether a Delaware real estate investment might make a smart addition to your current portfolio. Second: call me! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com