14503 William Dorsey Street, Lewes, De 19958 | $385,000

I like it!

Email me 14503 William Dorsey Street, Lewes, De

*



* Required Fields

  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
View Map
If this text does not disappear quickly, then your browser does not support Google Maps

Property Details

Why wait for new construction! Freshly painted with upgrades galore include Hardwood Floors, Upgraded Kitchen/granite and appliances, ceramic tile in bathrooms, finished basement with full bath, Irrigation system, irrigation well, and more. Perfectly
  • MLS Number: 725829
  • Status: Active
  • Price: $385,000
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Lewes Crossing
  • School District: Cape Henlopen
  • Square Footage: 2,613
  • Year Built: 2015
  • Bedrooms: 3
  • Full Bathrooms: 3
  • Number of Stories: 1
  • New Construction: No
  • County Taxes: $1,278
  • Association Fee: $2,000
  • Furnished: No
  • Lot Square Feet: 12,197
  • Lot Size Acres: 0.28
  • Water: Private Central Water
  • Sewer: Sewer-Public Central
  • Community Amenities: Community Center, Fitness Center, Game Room, Jog/Walk Path, Lawn Care, Pool-Inground, Sidewalks

Interior Features

  • Kitchen: Countertops - Granite, Eat In, Island, Kitchen/Dining Room Combo, Kitchen/Family Room Combo, Pantry
  • Heating: Forced Air, Gas - Natural
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood
  • Basement: Basement - Full Finished,Partially Finished
  • Attic: Access Only
  • Appliances: Cable TV Pre Wired, Dishwasher, Disposal, Oven/Range Gas, Washer, Water Heater Gas
  • Interior Features: Bedroom-Entry Level, Ceiling Fan(s), MBED-Full Bath, Walk-In Closets, Window Treatments

Exterior Features

  • Style: Coastal,Rancher/Rambler
  • Construction Type: Stick/Frame
  • Exterior Type: Stone, Vinyl Siding
  • Roofing: Architectural Shingle, Asphalt Shingle
  • Foundation: Poured Concrete
  • Garage: Attached
  • Garage Size: 2
  • Parking: Driveway/Off Street, Garage
  • Exterior Features: Irrigation System

Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH

Lewes Multi-Family Housing: Investment and Residence Choice

Lewes multi-family housing is the umbrella term covering all the various kinds of residences that shelter more than one family. Everything from duplexes and homes with guest cottages to apartment complexes fall into the category, which is most often thought of in terms of the solid investment potential it represents.
While Lewes multi-family housing offers all of the same investment potential and more (the economies of scale can give an apartment building listing, for instance, many times the profit potential of a single family rental), a multi-family residence can also be the pathway to homeownership for a first-time home buyer. You might not think so, but when a prospective buyer will also be resident, standard financing guidelines—even for FHA loans—may apply. The lending particulars vary by a given Lewes property’s specifics—among other factors, whether or not cash flow-producing tenants are already in place. But the assumption that the higher mortgage amounts associated with multi-family housing opportunities automatically puts them out of reach ain’t (as the song says) necessarily so!
The NAR® finds that some 38% of residences are purchased by first-time buyers—yet it’s a safe bet that most of them would never consider that purchasing multi-family homes could be a great way to own their first home (and even generate some extra income at the same time). To begin to examine this as a possibility, some basic research into some of the key elements of multi-family financing is a logical preliminary step.
· Down Payment Options
Today’s loan requirements may be seeing some degree of easing, but most Lewes multi-family homes listings carry bigger down payments than single residences. Even so, some FHA loans for a one- to four-unit home require just a 3.5% down payment. A variety of other loan programs emphasizing affordable down payment options may also apply.
· Cash Reserves Requirements
Some traditional lenders have no specific cash reserve requirements, while the FHA has defined guidelines. For one- or two-unit properties, buyers must have one month’s worth of reserves (cash left after closing). For three- to four-unit homes, the requirement is for three months of reserves.
· Debt-to-Income Ratio
Lenders evaluate debt-to-income ratios to include other monthly debt payments as well as the anticipated mortgage payment. They weigh that against gross monthly income…and, needless to say, lenders who include a high percentage of projected rental income will be more likely to find a loan viable.
Whether you are a first-time or veteran home buyer, considering Lewes's multi-family housing listings is an idea that may be worth pursuing. Give me a call to discuss how one of today’s prime offerings might fit into your future! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestate.com.

For Lewes Sellers, a Pre-Sale Checklist

Selling your Lewes home is the kind of major undertaking that has so many facets just deciding where to start can delay liftoff. Since there is no actual “right” place to begin, like other mammoth projects, just digging in anywhere will do. The happy truth is that when you’re selling a home, once momentum gets going, the rest of the pieces tend to fall into place.

To get the ball rolling, here is a pre-sale checklist of major activities that selling your Lewes home will entail. To get started, pick any one:

  • Nagging problem elimination. Very few of us attend to every home maintenance problem as they gradually develop. If there were a reliable poll on the subject, I’d guess that 95% of Leweshomeowners have at least a two or three areas that we’ve learned to live with—but which will need to be attended to before we get very far toward selling our home. Identifying them is a pre-sale first step…then fixing them is the action item that transforms the idea of selling your home into reality.
  • First impression inspection. Any time you return from an outing you have the opportunity to get started on what will become your marketing approach. Do this by stopping and seeing what kind of first impression your property makes on someone setting eyes on it for the first time. What seems least fresh and appealing? Is it fencing that could use a quick coat of paint? A planter that needs colorful blossoms? The numerals on the mailbox? Selling your home starts with favorable first impressions.
  • Lights! Camera! Action! An essential element to get prospective buyers clamoring for a tour is the photography that highlights your Leweslisting. To start preparing for that, pick a room—any room—and stage it: clear it of unneeded objects, furniture, etc. This will entail figuring out where to store the objects that you want to keep, but which clutter up the visual appeal…and once you’ve identified where they will be stored, you’re seriously on your way to selling your home.
  • Getting down to business. Educating yourself about the competition means taking a look at this spring’s Lewes listings to get a feel for where the market is. Which comparable homes have just sold, and which haven’t moved for months? Your home may not be ready for market for a while, but the earlier you start familiarizing yourself with today’s Lewes real estate market, you better the odds that your listing price will be right.
  • Exit strategy. (My favorite of all) Be prepared to move! Any action you take in this direction, be it checking out reliable moving companies or beginning the hunt for your next house makes selling your home that much less of a long shot.

Each of these is a step that begins to transform the idea of selling your Leweshome from a looming cloud of uncertainty into a doable certainty. I didn’t even mention the easiest and surest pre-sale checklist item. It’s one certain to get the ball rolling:

Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com