75 Glade Circle, Rehoboth Beach, De 19971 | $749,900

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Property Details

COASTAL LIVING PERFECTION! Welcome home to this gorgeous, stylish 4 bedroom home in rarely available, highly desirable community - The Glade! Enjoy the serene setting of lush greenery and neighborhood privacy, just a bike ride away to the dining, sho
  • MLS Number: 730635
  • Status: Active
  • Price: $749,900
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Glade, The
  • School District: Cape Henlopen
  • Square Footage: 4,028
  • Year Built: 1997
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $3,019
  • Association Fee: $1,496
  • Furnished: No
  • Lot Dimensions: 109x178x276x143
  • Lot Square Feet: 26,165
  • Lot Size Acres: 0.60
  • Lot Description: Landscaped
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Community Center, Fitness Center, Playground, Pool-Outdoor, Tennis - Outdoor

Interior Features

  • Kitchen: Breakfast Bar, Countertops - Granite, Island, Pantry
  • Fireplace: Gas
  • Heating: Forced Air, Heat Pump(s), Multi Zone
  • Cooling: Central A/C, Zoned A/C
  • Flooring: Carpet, Hardwood, Tile
  • Basement: Basement - Full Finished,Walkout Stairs
  • Attic: Access Only
  • Security: Fencing
  • Appliances: Cable TV Pre Wired, Cooktop w/Downdraft, Dishwasher, Disposal, Dryer-Electric, Extra Fridge/Freezer, Garage Door Opener, Microwave, Oven/Range Gas, Oven-Double, Oven-Wall, Washer, Water Heater Gas
  • Interior Features: Cable TV Prewired, Ceiling Fan(s), Fireplace-Gas, Insulation, MBED-Full Bath, MBED-Separate Shower and Tub, Screen(s), Skylight(s), Storm Door(s), Vaulted Ceilings, Walk-In Closets, Window Treatments

Exterior Features

  • Style: Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Dryvit, Stone, Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Garage: Attached
  • Garage Size: 3
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Balcony(s), Deck - Rear, Patio - Rear, Porch - Front, Three Season Room
  • Exterior Features: Fencing-Full, Irrigation System, Outside Shower, Storage Shed/Outbuilding

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES GALLO-L

Four Reasons Rehoboth Beach Real Estate Investments Beckon

Good investors tend to be cautious souls. For those who prior to 2007 had never ventured into the realm of Rehoboth Beach real estate investments, the ensuing downturn might have been enough to discourage any curiosity about that direction (even if their other investments had also suffered during the global financial crisis).

Nonetheless, at this juncture those same cautious investors might well assume that the value of real estate investments in the Rehoboth Beach area have rebounded so substantially that it’s now too late to bother looking into them. But as National Public Radio has just pointed out, there's an excellent argument to be made that conditions are now highly conducive for real estate—with real estate investments in Rehoboth Beach being no exception. I could tick off three solid reasons that immediately leap to mind, but stand corrected: NPR points to four:

1. Employment. Employers are hiring anew, and "when companies are hiring, would-be homebuyers feel more confident about taking on mortgage debt." Unemployment rates have (finally!) come down to 5.6%, and with employers having added 252,000 jobs in December, consumer confidence is up nearly 20% over a year ago.

2. Prices seem more rational. NPR points out that from January to October, prices rose 4.5% nationally; a "subdued" gain compared with the 11% burst of the year before. They project that the slower price appreciation may have set the stage for a "buying surge in 2015." From a Rehoboth Beachreal estate investments standpoint, too, gains from last year’s run-up in equities markets combined with mortgage rates still holding below 4% would seem to create the key elements many investors would consider favorably.

3. Demand for rentals is high. There is a healthy demand for rental accommodation across the country due to a tight supply of quality accommodations. USA Today tells us that between 2009 and 2013, the national vacancy rate for apartments dropped from 8% to 4.1%. Over the same period, the effective rent increased by 12% to $1,083. As one potential consequence vis-à-vis Rehoboth Beach real estate investments, new landlords might expect to be more selective about the tenants that they choose. That would mean fewer headaches for landlords with troublesome and slow paying tenants. It is might also portend that investment properties will stand vacant for briefer periods.

4. Millennials are sick of Mom’s basement. NPR points to a Census Bureau report that says only 36% of Americans under age 35 own a home, down from 42% just seven years ago. The recovering employment picture might not enable young people to save up for a down payment for a while yet, but renting quality digs should soon be more doable than was previously the case. That could set the table for a continuing robust rental environment, with Rehoboth Beach real estate investments benefitting proportionately.

NPR’s four reasons for optimism in 2015 are actually only the tip of the iceberg. If you have ever had the thought that it could be worthwhile to take a look at Rehoboth Beach real estate investments, this is a great time of year to give me a call!