49 Maryland Avenue, Rehoboth Beach, De 19971 | $437,500

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Property Details

THE PERFECT BEACH GETAWAY! This charming 2 bedroom condo is a block away from the beach. Walk or bike to all the local shops, restaurants, and entertainment Rehoboth has to offer. Bright hardwood floors and plenty of natural light bring the large t
  • MLS Number: 730572
  • Status: Active
  • Price: $437,500
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • School District: Cape Henlopen
  • Square Footage: 750
  • Year Built: 1950
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Number of Stories: 1
  • Unit Floor Number: 1
  • New Construction: No
  • County Taxes: $231
  • City Taxes: $68
  • Condo Fee: $700
  • Furnished: Yes
  • Lot Size Acres: 0.00
  • Lot Description: Cleared
  • Water: Public Central Water
  • Sewer: Private Central Sewer

Interior Features

  • Kitchen: Galley Kitchen
  • Heating: Radiator
  • Cooling: Window Unit(s)
  • Flooring: Hardwood, Vinyl
  • Basement: Basement - Full,Unfinished,Walkout Stairs
  • Appliances: Exhaust Fan, Microwave, Oven/Range Electric, Refrigerator
  • Interior Features: Insulated Window(s), Insulation, Window Treatments

Exterior Features

  • Style: Cottage
  • Construction Type: Stick/Frame
  • Exterior Type: Aluminum Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Parking: Assigned
  • Porch/Deck/Patio: Porch - Front

Listing Courtesy of KELLER WILLIAMS REALTY

Empty Nesters Have Alternatives to Simple Downsizing

The children have grown; home feels…a little empty…

Many people assume that an empty nest means it’s downsizing time—time for a smaller house or condo. In truth, for many a homeowner in Rehoboth Beach, downsizing is just one of a number of appealing directions.

It may sound obvious, but it’s your interests and plans that should guide your next step. After a lifetime of deferring to other people’s priorities, many of us are ill-prepared to think creatively about what it is we want. When we do, downsizing might not necessarily be the springboard to life’s next great adventure.

For instance: consider Upsizing. Moving a smaller family into a larger home may sound backwards, but if you have special interests or hobbies that call for a lot of space, now may be the chance to add the workshop, rehearsal space, or studio you’ve always longed for. A larger home can also provide space for guests when the family (and it might be a growing one!) comes to visit.

Have you always wanted to live near water, or be able to step out on the front porch any time of the day to drink in a panoramic view of the mountains?

Or maybe the reverse, and you’d like to sample life in the city—urban living, with its museums, shows and restaurants on every corner. Alternatively, perhaps it’s time to look into one of the increasingly-popular planned communities; one built around a golf course, or one emphasizing social activities, clubs and outings that cater to older adults

The serious point: dream a little! If not now, when? With the children out the door, this could finally be a chance to indulge yourself. Raising a family means putting other people’s needs first. Now it’s your turn. A luxury home or condo could have the amenities you’ve always wanted—a swimming pool or home spa, designer furniture or classic architecture. Your empty nest may give you the chance to own the kind of home you’ve only daydreamed about.

Among the down-to-earth details you’ll want to consider before acting—

  • whether you’re truly ready to leave your Rehoboth Beach home and community behind
  • the real estate market and comparative housing values in Rehoboth Beach and in alternative venues
  • health issue implications now and (as much as predictable) into the future

Finally, give yourself time…enough time to be sure that the home ownership path you choose is one that’s most likely to prove rewarding. And remember, too, that I (or a qualified Realtor® wherever you land) is your invaluable resource. Do give me a call whenever you want to investigate your choices.

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.

Rehoboth Beach Homes for Sale Get Boost from National Forecast

Suppose you are a Sussex County homeowner who intends to move to a different home eventually, but for the moment, you aren’t under any particular deadline pressure that would dictate when you have to put your home on the market. In that case, you’re likely to keep tabs on overall market conditions, awaiting what looks like circumstances favor those with homes for sale.
Twice a year, the National Association of Realtors® issues their economists’ midyear forecast—it appeared last week. For those with homes for sale in Sussex County (or anyone thinking about adding theirs to the homes already for sale), the outlook was heartening.
The forecast was for the greater U.S. economy to improve, bouncing back from the weather-blasted winter stall which made the first quarter a disappointment. Subsequently, consumer spending opened up, causing expectation that the GDP would rise in the remainder of the year. Overall, the forecast for 2015 was positive, though lukewarm. As a whole, the year promises to be “not bad but not great.”
On the other hand, focusing narrowly on the outlook for U.S. housing market activity—homes for sale—the upside momentum was already decidedly more in evidence. The prospects for any single one of the Sussex County homes for sale depend upon a combination of factors, but if national activity is any reflection, the latest numbers packed what you could call a “6-7-8-9 punch”:
· Existing home sales in May notched a high water mark not seen in 6 years (and the 2009 level had been artificially inflated because of an $8,000 homebuyer tax credit).
· New home sales hit the highest level in 7 years.
· Housing permits to build new homes registered an 8 year high.
· Pending contracts to buy existing homes for sale reached a 9 year high.
Examining the demographics behind the figures, it was clear that, for the first time in quite a while, first-time buyers are back. Last year during the same period, only 27% of buyers were first-timers. They now make up a more normal 32%. As prices brought by homes for sale continued to rebound, institutional investors were disappearing from the scene, creating a more typical mix of buyers.
A major part of the reason why homes for sale were fetching “stronger than normal home price growth” had to do with a shortage of inventory—ascribed to the volume of new homes being built (or not being built). The rule of thumb is generally for about 1.5 million new homes to be constructed per year, a mark that’s failed to be realized for a number of years. In 2009, only 550,000 home were built—and the total had barely reached a million through last year. But now, with optimism among homebuilders at newly robust levels, it’s expected that normal output will have fully resumed by 2017.
The other major factor boosting sale prices was the specter of mortgage rate increases. Rising mortgage rates “initially rush buyers to decide”—just the kind of sign that could tip the scales for a homeowner who’s been waiting to add their property to the homes for sale in Sussex County. Should you decide that this summer is shaping up to have just the conditions you’ve been waiting for, I hope you’ll give me a call for a no-obligation consultation! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.