30860 Lindell Lane, Frankford, De 19945 | $343,900

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Property Details

Drake model "To Be Built" shown with upgrades. Single level open-concept living designed for a casual lifestyle. Four (4) bedrooms, kitchen and breakfast area plus a number of ways to personalize to your liking. Terrific floor plan for single level l
  • MLS Number: 725958
  • Status: Active
  • Price: $343,900
  • Property Type:
  • Area: Baltimore Hundred
  • Community: Woodlands at Bethany
  • School District: Indian River
  • Square Footage: 1,918
  • Year Built: 2017
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Number of Stories: 1
  • New Construction: To Be Built
  • County Taxes: $1,500
  • Association Fee: $1,500
  • Furnished: No
  • Lot Dimensions: 45x101x139x23x155
  • Lot Square Feet: 12,006
  • Lot Size Acres: 0.28
  • Lot Description: Cleared, Landscaped
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Community Center, Fitness Center, Lawn Care, Pool-Outdoor

Interior Features

  • Kitchen: Breakfast Bar, Countertops - Granite
  • Heating: Forced Air, Gas - Propane
  • Cooling: Central A/C, Zoned A/C
  • Flooring: Carpet, Hardwood-Synthetic, Vinyl
  • Basement: Crawl Space-Conditioned
  • Attic: Access Only
  • Appliances: Central Vacuum, Dishwasher, Disposal, Fridge w/Ice Maker, Garage Door Opener, Microwave, Oven/Range Electric, Washer/Dryer Hookup Only, Water Heater Gas
  • Interior Features: Cable TV Prewired, Ceiling Fan(s), Insulated Door(s), Insulated Window(s), Insulation, MBED-Separate Shower and Tub

Exterior Features

  • Style: Coastal
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Poured Concrete
  • Garage: Attached
  • Garage Size: 2
  • Parking: Driveway/Off Street, Garage

Listing Courtesy of LONG AND FOSTER-BETHANY

Getting a Loan in Frankford as the Landscape Shifts

This year presented us with major changes to mortgage lending rules. These new guidelines aim to curb some of the excesses that occurred during the sub-prime years—hopefully resulting in a lower risk of default and foreclosure by borrowers and a healthier real estate climate for everyone.

QM: “Qualified Mortgage”

This all came about as one offshoot of the Dodd-Frank legislation that went into effect in 2014. It creates a new category, “Qualified Mortgage.” Lending institutions are required to document each loan they deem to be a QM; when they do, they benefit by being able to sell them to Freddie Mae and Fannie Mac, and are protected from legal action in the event of a future default.

The reason that these changes won’t keep most borrowers from getting a Frankford loan is that loans that don’t qualify (“Non-QM” loans) will still be offered by some banks—they’ll simply keep them on their own books.

Ability-to-Repay Rule

The bedrock requirement for a QM is an evaluation of the borrower’s debt-to-income ratio. That’s the projection of debts divided by income on a month-to-month basis — especially important when getting a Frankford loan with a variable interest rate. If it seems to you that this calculation makes common sense for any loan—I’m in your camp! The reason a bank might choose to issue a loan that does not meet the letter of this requirement could be their analysis that the percentages dictated by the rules are too strict for a particular borrower.

Risky Business

A Qualified Mortgage can’t have any of the risky factors that were hallmarks of the mortgage meltdown. Included are “no” or “low-doc” loans; loans with terms longer than 30 years, interest-only loans, and those with minimum payments that don’t keep pace with interest rates, causing the loan balance to increase.

So: what’s the bottom line for buyer’s intent on getting a loan in Frankford this year?

The good news: most loans will go through as before (estimates are about 95% of them). But more paperwork and longer processing times are likely, and since fees and charges for a QM cannot exceed 3% of the mortgage, getting a smaller loan might become more difficult if banks determine they can’t make a profit.

In any case, coming prepared is still the best insurance that your loan goes through as smoothly as possible. If you’re looking to buy a home in Frankford this season, I’ll help make sure your preparation is first-rate! 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.

Sussex County Virtual Tours Are a 2-Dimensional Experience

Virtual tours in Sussex County can be potent selling tool. To make the best use of those tools, it’s important to prepare your home with the special requirements of the medium in mind. How doing so differs from prepping for in-the-flesh showings is a subtle but real distinction. Some photographers use a couple of tricks:

Close One Eye

Virtual tours are assemblages of still or video shots —raw material that is all filtered through the single lens of a camera. When anyone walks through a home, they do so with both eyes open. They experience a three-dimensional impression of their surroundings.

What the “camera sees” is different — it’s why some people and places are said to be more “photogenic” than others. It’s also why you sometimes see a film director examining the next shot through a single-lens viewfinder — he’s viewing the set the way the camera will. The quickest way to start seeing what your virtual tour will convey is to simply close one eye. Strange but true, when you stand back and view each room that way, you get a two-dimensional (flat) version of what’s there.

Snap a Test Shot

After you have arranged a room to look pleasing in a one-eyed view, take an actual test shot, then view it critically. You will probably notice how the camera lens picks up and seems to magnify any flaws that were less apparent before. You’ll want to -  

  • remove excess furniture (and all clutter) to “open up” the space, expanding apparent size
  • scrub any surface or thing that appears less than Q-tip clean  
  • place tasteful accessory combinations (lamps, plants, books) of varying heights next to one another to add dimension 

The goal of virtual tours is to show a comprehensive view of the subject properties, inside and out — a view that will ignite the imaginations of potential buyers. The importance of Sussex County virtual tours can’t be overemphasized! The buyers (and they are out there!) will be busier than usual. 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.