35545 Creekside Drive, Rehoboth Beach, De 19971 | $448,900

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Property Details

To Be Built: The Kingfisher is a two story home with a first floor owner's suite starting at 2,566 sqft. This home has 3 bedrooms, 2.5 baths, and a den. The first floor open design includes a spacious kitchen open to the dining area and two-story gre
  • MLS Number: 726293
  • Status: Active
  • Price: $448,900
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Sawgrass At White Oak Creek
  • School District: Cape Henlopen
  • Square Footage: 2,566
  • Year Built: 2017
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Stories: 2
  • New Construction: To Be Built
  • County Taxes: $252
  • Association Fee: $3,264
  • Furnished: No
  • Lot Square Feet: 9,583
  • Lot Size Acres: 0.22
  • Water: Public Central Water, Water-Public Central
  • Sewer: Public Central Sewer, Sewer-Public Central
  • Community Amenities: Basketball Courts, Community Center, Gated Community, Lawn Care, Pool-Inground, Pool-Outdoor, Sidewalks

Interior Features

  • Kitchen: Breakfast Bar, Countertops - Solid Surface, Island, Pantry
  • Heating: Forced Air, Gas - Propane, Multi Zone
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood, Tile
  • Security: Gated Community
  • Appliances: Cable TV Pre Wired, Dishwasher, Disposal, Exhaust Fan, Fridge w/Ice Maker, Microwave, Oven/Range Electric, Oven-Self Cleaning, Washer/Dryer Hookup Only, Water Heater Tankless
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Insulated Door(s), Insulated Window(s), Insulation, MBED-Full Bath, Screen(s), Storm Door(s), Storm Window(s), Vaulted Ceilings, Walk-In Closets

Exterior Features

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

Listing Courtesy of LINDA VISTA REAL ESTATE

15-Year Mortgage Initiative: Update on the Experiment

Rehoboth Beach home buying activity may be going great guns, but for some would-be buyers, credit score woes are still a stubborn obstacle. That’s why we have been keeping an eye on the new pilot project that was announced late last year. This was the one called the "Wealth Building Home Loan." It’s an experiment aimed at opening up home ownership options, particularly for first time home buyers. Bank of America and Citibank were first to sign up for the program, said to “take a fresh approach to affordable mortgage lending.” It sounds like a pretty good idea!
How It Works
The Wealth Building Home Loan is a mortgage that runs for 15 years at a fixed interest rate. Because the term is so short, equity builds rapidly. The payments are more manageable than any reality-grounded Rehoboth Beach mortgage watcher would think because discount points can be used to buy the interest rate down to…well, “zero”! Since no down payment is generally required, home buyers can apply their available cash to purchasing those points. Since that sounds almost too good to be true, we’ve been keeping an eye open for progress reports.
Extra Help for Buyers with Modest Income
Qualifying for the mortgages would emphasize home buyer income rather than credit score. This would be a real godsend to the many people still rebuilding their credit after the economic downturn. Furthermore, interest would be set at three-fourths of a percent lower than the 30-year FHA rate—which makes sense, since shorter terms mean lower lender risk—with additional points to be offered at special bargain prices.
A Game-Changing Approach
The loan program is piloted through The Neighborhood Assistance Corporation of America, which secured underwriting from BofA and Citibank. It’s intended to be "a game changer,” because equity ownership takes place rapidly. Already in the first three years of a WBHL, 77% of the monthly payments pay off the principal, rather than the 68% that goes to interest under a standard 30-year mortgage. The effect is to accumulate a significant ownership stake almost from the word ‘go’—and more ownership equates to better loan performance.
When last checked, the program was in “pilot project” status (still in the initial shakedown phase) while the innovators who came up with the idea figure out how to make the loans widely available. So far, so good, apparently—we’ll keep an eye on developments to see if the program is greenlighted by the two underwriters.
In the meantime, Rehoboth Beach mortgage-seekers have a wide variety of currently available options for taking advantage of the great buys viewable on this morning’s Rehoboth Beach listings. Give me a call for a no-obligation discussion of how you can take advantage of today’s opportunities! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Worst 9 Delaware Home Improvement Notions

When it’s one of those weekend days when the Delaware weather has refused to cooperate with outdoor plans, one way to fill the idle time is to go online in search of home improvement ideas. You may not follow through with any for your own Delaware home—but it’s amusing to review the almost unlimited number of clever and inventive notions people have put online.

When it comes to the kitchen, for instance, there are bounteous home improvement ideas. There’s the herb garden wall (in addition to a green thumb, a powerful sunlamp in the ceiling is required) or the pool table top that slips right over the center island. That one wouldn’t work if your kitchen’s island is plumbed: the water faucet would stick up and ruin everything.

But among the clever and innovative home improvement ideas you will also find some that are totally impractical—or just plain terrible. Here are nine of the silliest I’ve found—

  1. Hammock Over the Stairs. A space-saver, yes. An attractive idea? Just, no.
  2. See-through Bathtub. Glass walls for the tub = a housekeeping nightmare (among other drawbacks).
  3. Fire Pit Coffee Table. Again: just, no.
  4. Ping Pong Door. This one is complicated: the closed door has pins halfway up that allow it to tilt horizontally, whereupon the plastic net is slid into notches provided in the door frame…anyway, it’s a really small ping pong table.
  5. Cat Transit System. A CTS consists of 8” diameter tubes running throughout the house just below ceiling level. Exit openings are provided at various points. Added feline-pleasing features: windows cut into the tubes at various key viewpoints.
  6. A Wall That Plays Music When it Rains. This is an exterior wall idea. You install metal tubes, funnels, bamboo water chimes and tin pans to route rain water down the side of the wall as noisily as possible to splash and bang through twists and turns and waterfalls. This looks to produce the same quality of music a vacuum cleaner makes.
  7. Beach Sand Under Work Desk. Like an on-the-job vacation; facilitates barefoot computer working. But—alas—another housekeeping nightmare.
  8. Forest Chandelier. This one is a chandelier that looks like dozens of snakes coiled around one another: when lighted, it casts creepy shadows on ceiling and walls that “turn your room into a forest.” In a bedroom, certain to cause sleepless nights.
  9. Glass Floor Over an Open Shaft. This home improvement idea is available only to Delaware condo dwellers in buildings with abandoned elevator shafts. Since there aren’t any, we’ll never have to experience the horrendous effect (there’s actually a picture of this, in a bathroom, on a site called boredpanda).

Delaware home improvement ideas can be unique and fanciful—but are best left in the idea phase if they are so unique and fanciful they would drive away potential buyers. Even if you aren’t planning on selling your place any time soon, it’s prudent to keep that option open. And if you are making plans that are more immediate: give me a call in advance! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com