1 Read Street, Dewey Beach, De 19971 | $34,000

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Property Details

Steps to the ATLANTIC! Here is your opportunity to own OCEANFRONT for a fraction of the price. This Surf Club unit can be yours 1 week a month plus 1 extra week a year. The entire building was completely renovated in 2017. In ground pool and grill
  • MLS Number: 730880
  • Status: Active
  • Price: $34,000
  • Property Type:
  • Area: Dewey To Lewes East Of Canal
  • Community: The Surf Club
  • School District: Cape Henlopen
  • Square Footage: 480
  • Year Built: 1955
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Number of Stories: 3
  • New Construction: No
  • Association Fee: $3,384
  • Waterfront: Ocean
  • Water View: Ocean
  • Pool: Inground
  • Furnished: No
  • Lot Size Acres: 0.00
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Beach, Hot Tub, Parking-Assigned, Parking-Garage, Pool-Inground, Satellite TV

Interior Features

  • Kitchen: Eat In
  • Heating: Heat Pump(s)
  • Cooling: Heat Pump(s), Wall Unit
  • Flooring: Hardwood-Synthetic, Tile
  • Appliances: Cable TV Pre Wired, Cooktop, Freezer, Fridge w/Ice Maker, Microwave
  • Interior Features: Cable TV Prewired, Wet Bar
  • Extra Unit: 3rd Floor Efficiency

Exterior Features

  • Style: Flat/Apartment
  • Construction Type: Masonry
  • Exterior Type: Precast Concrete
  • Roofing: Shingle-Architectural
  • Foundation: Pilings
  • Garage: Under Home

Listing Courtesy of PATTERSON-SCHWARTZ REAL ESTATE

Dewey Beach Homeowners Cheered by U.S. Foreclosure Trend

If you are one of those Dewey Beach homeowners who has been gladdened to see property values continuing to rebound, you have also been pleased at the steady decline in the wave of foreclosures that were part of the global financial crisis. When the subprime mortgage crisis triggered widespread financial dislocation, many homeowners felt the repercussions. Every Dewey Beach foreclosure that resulted weighed on neighborhood property values, which reflect the dollar amounts paid when nearby homes change hands.
Even most people whose livelihoods were unaffected—who kept their jobs or businesses and continued to make their mortgage payments without difficulty—could have suffered as a result. When the apparent equity of a home dwindled, so too was the amount lenders were willing to lend for refinancing. The comfort provided by fat home equity lines of credit (the HELOCs) suddenly melted when their maximums were cut, or even withdrawn altogether. HELOCs, after all, were a major component in the foreclosure phenomenon. The whole atmosphere caused confidence to be shaken.
But ‘buy low, sell high’ is a proven investment strategy—and ‘buying low’ is an opportunity that typically arises when fear is in the air. Many large institutional investment outfits looked at the situation and apparently asked themselves, what’s more “real” than real estate? They dived into the panic, buying up distressed residences in droves, paying rock-bottom foreclosure prices.
For many homeowners, though, the real effect was psychological. After all, when your major asset is your home, any Dewey Beach foreclosure can be seen as having the effect of bringing your apparent net worth down.
RealtyTrac is the national scorekeeper for foreclosures and REOs (Real Estate Owned, or bank repossessions); and last month they continued to provide comforting news. Although there are ups and downs in the month-to-month stats, the overall trend continues to decline from the high in September 2013. In fact, there was a small uptick in REOs in April, which might seem like bad news; but REOs are actually completed foreclosures—at the same time, foreclosure starts continued their long slide downward.
Daren Blomquist of RealtyTrac was quoted with more good news, confirming that “the overall increase in foreclosure activity in April is a continuation of the clean-up phase” of the housing crisis. But even better was this: “Foreclosure starts nationwide are now running consistently below pre-crisis levels.”
It does seem as if this season is a choice time for sellers to enter the revived market. If you would like to explore the possibilities for your own property, or are ready to start the search for a Dewey Beach home of your own, please do give me a Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Beyond Spring Cleaning: Inexpensive Renewal Ideas

With spring in the air, you don’t have to have your Delaware beach home for sale to catch the spring cleaning bug. Whether or not you’ve been cooped up inside for a longer-than-usual siege of the wintertime blues, as soon as the weather turns the corner, there seems to be a natural urge to open the windows and start freshening your place up.

Spring also brings the traditional hot selling season, and if you’re among those getting ready to list your own home for sale to take advantage of it, you’ll want to add extra attention to the traditional cleanup. Home for sale or not, you can channel some of your annual sprucing-up energy with one of these light renovation ideas. Each can add new zest to your living areas without breaking the bank:

  • If you want to liven up your kitchen or bathroom but don’t want to shell out for the full cost of replacing the cabinets or doors, consider what simply changing the hardware would do. Take a trip to the hardware department, pick out a sample knob or pull, then test what the change would look like. Sometimes this simple transformation adds a surprising degree of sparkle!
  • If your lighting fixtures are looking a bit dated and dingy, one simple fix is to buy new lampshades. Replacing a whole lamp is expensive and often unnecessary—and new shades can make a much more resounding impact, anyway. If you are planning to put your home for sale on the Delaware beach market anytime soon, best opt for white or cream. Keeping the look bright yet neutral gives you a proven selling advantage.
  • In any room where years of wear and tear have created smudges that no amount of elbow grease can remove, think about painting with a change of color.  It may be a bit more ambitious and costly, but whether you hire pros or do it yourself, the result can make you feel like you’re in a whole new home. As with the lampshade selection, resist the temptation to get overly exuberant and creative: choose neutral color combinations. 
  • If new furniture is not yet called for (or beyond this year’s budget), consider calling in the pros for some upholstery cleaning; then adding new accent pillows.  If your existing pillows are in good shape, sometimes just a few new pillow covers can freshen up a room’s whole look. Designers sometimes recommend picking just one bright color and keeping with it throughout the house.

You don’t have to be planning to list your home for sale in Sussex County to make 2014’s spring cleaning efforts a self-satisfying success. And if you’re planning to list, I have a host of other preparation tips…and a marketing plan designed to bring top results!