128 Petherton, South Bethany, De 19930 | $609,900

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Property Details

Very Unique Home with porch that will sell! The 'Party Porch" makes this 3 bedroom, 2 bath 2 story home on the canal one of the most desirable rental homes in all of South Bethany - Averaging 18 weeks of rental weeks. $22,250 per rental season. Pleas
  • MLS Number: 730497
  • Status: Active
  • Price: $609,900
  • Property Type:
  • Area: Fenwick/Bethany East Of Canal
  • School District: Indian River
  • Square Footage: 972
  • Year Built: 1963
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $560
  • City Taxes: $493
  • Water Fee: $240
  • Sewer Fee: $260
  • Waterfront: Canal/Lagoon
  • Water View: Canal/Lagoon
  • Dock Type: Single Slip
  • Furnished: Yes
  • Lot Dimensions: 50x100
  • Lot Square Feet: 5,000
  • Lot Size Acres: 0.11
  • Lot Description: Bulkhead, Cleared, Water Access
  • Water: Public Central Water
  • Sewer: Public Central Sewer

Interior Features

  • Kitchen: Kitchen/Dining Room Combo
  • Heating: Baseboard Electric
  • Cooling: Window Unit(s)
  • Flooring: Carpet, Hardwood, Tile
  • Basement: Crawl Space
  • Attic: Access Only
  • Security: Keyless Entry, Smoke Detectors
  • Appliances: Dishwasher, Disposal, Dryer-Electric, Icemaker (Separate), Microwave, Oven/Range Gas, Refrigerator, Washer, Water Heater Gas
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Ceiling Fan(s), Insulated Door(s), Insulated Window(s), MBED-Full Bath, Pull-Down Attic Stairs, Screen(s), Storm Door(s)

Exterior Features

  • Style: Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Hardi-Plank
  • Roofing: Asphalt Shingle
  • Foundation: Concrete Block
  • Parking: Driveway/Off Street
  • Porch/Deck/Patio: Porch - Screened, Porch - Wrap Around
  • Exterior Features: Fencing-Full, Outside Shower, Storage Shed/Outbuilding

Listing Courtesy of SANDCASTLE REALTY INC

Delaware Rental Property Investments: They're Out There!

 When any investor first begins to mull over the idea of acquiring a rental property in Delaware, it’s usually in competition with an array of other investment types—each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)—but real estate is definitely not one of those. It may not be innovative, but being a landlord has always been one of the leading sources of passive income.  

What is exciting about rental property is why it has always been recognized as a sound investment. When the income from a Delaware rental property is able to pay for its own underlying mortgage, it self-propels its growing equity. The rental property’s investment value grows as the loan is paid down month by month, year after year. Added to that is any appreciation in its market value.

And with the best Delaware rental property scenario, when rental income exceeds mortgage and other expenses, it will even throw off an extra income stream. Needless to say, choosing the right rental property in Delaware is worth the effort! Much of that effort involves making a serious effort to map out and project values, income and expense:

  • Neighborhood: Consider how the overall desirability of the neighborhood is likely to affect its appeal to tenants. Are there attractive amenities like parks, shopping and entertainment venues? What do the local classified ads reveal -- is the area’s vacancy rate high or low? How do rental prices compare with adjacent neighborhoods?
  • Project Ancillary Expenses:  Determine the historical property tax rates, and what future rate changes are being proposed. Likewise, investigate insurance costs and roll both expenses into your total monthly expense projections. You want to be sure that they are low enough that you can still make a profit from the rental.
  • Local Dish: Expert advice from Investopedia is for prospective landlords to speak with renters as well as homeowners in the neighborhood. It’s a good point: “Renters will be far more honest about the negative aspects of the area because they have no investment in it.”
  • Schools: Rental homes in Delaware featuring two or more bedrooms will attract families—and that means they will likely have children in school. If a school is nearby the home, it’s likely to be that much more popular with family tenants.
  • Crime:  Crime-prone neighborhoods can have higher turnover and longer vacancy rates, so a bargain purchase price may be less of a bargain than you’d hope.
  • Commute:  Is the property a long commute from the commercial center of town, or a quick drive? Is there public transportation? Many prospective tenants begin their housing search with their workplace as the center point. Renters will consider this before signing a lease—and you should before signing your offer!

If you are thinking of looking at rental property in Delaware this year, they’re definitely out there. Call me today to discuss some of the many opportunities!

 

A Few Kitchen Tweaks Increase South Bethany Home’s Salability

Just as the kitchen is a magnet for family activity, when a South Bethany home goes up for sale, it’s the one room guaranteed to get rapt attention at every showing. Older local homes can be at something of a disadvantage here, especially when structural design elements prohibit their being transformed into one of today’s popular airy open plan kitchens.

Perhaps you've already taken a paintbrush to your cabinets to give them a new look, or discovered the transformative power of inexpensive subway tile on a dingy backsplash. If your kitchen is still looking a bit uninspired, enhance it before the home showings start with a final inexpensive tweak or two.

Where empty wall space is present, you may be able to create additional storage space. Open shelving is a trendy look that’s both aesthetically pleasing and functional. A blank wall can be transformed by installing rustic wooden or sleek metal shelving units…but with one proviso: open shelving does double duty as display space—and that’s no place for mismatched or over-the-hill china and glassware!

A little of the right kind of handiwork can go a long way toward adding some 21st Century features to an aging Sussex County home. Where an outlet is handy, transform a cabinet shelf into a docking station for smartphones and tablets. A small wall-mounted flat screen monitor can bring TV (or web video) to liven up the area. Hooks mounted near a back door can be made available for hanging backpacks, grocery bags, keys, or leashes. A bottom kitchen drawer can be transformed into a rollout pet feeding station.

No matter what else, it’s a plus whenever a kitchen space can clearly function as a gathering place as well as the meal preparation hub. It may be as simple as placing stools on one side of an island, adding a pub table and chairs, or transforming a neglected corner into a coffee station (those Keurigs make it a snap!)—giving your South Bethany home yet another spot for a family to congregate.

The National Association of the Remodeling Industry reported that kitchens were the top remodeling project in last year. In fact, 82% of NARI members stated that kitchen remodels represent their primary work—and I think we can guess what the results for 2015 will be. It makes a good argument for putting in a little elbow grease and creativity to spruce up the kitchen before you put your South Bethany home up for sale. You can also give me a call: I’m pleased to do a no-obligation walk-through for my feedback on how your listing should fare in today’s market!