37063 Turnstone Circle, Rehoboth Beach, De 19971 | $429,000

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Property Details

Prime Rehoboth Beach Location! This beautiful, spacious home backs up to State owned land with immediate access to the Breakwater Bike Trail. Located east of Rt. 1 -Bike to the beach, Downtown Rehoboth or Lewes from this fantastic location! You wi
  • MLS Number: 731488
  • Status: Active
  • Price: $429,000
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Rehoboth Crossing
  • School District: Cape Henlopen
  • Square Footage: 2,030
  • Year Built: 2007
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number of Stories: 3
  • New Construction: No
  • County Taxes: $1,205
  • Condo Fee: $2,400
  • Furnished: No
  • Lot Size Acres: 0.00
  • Lot Description: Cleared
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Bike Trail, Community Center, Fitness Center, Lawn Care, Pool-Outdoor, Sidewalks

Interior Features

  • Kitchen: Countertops - Granite, Eat In, Island, Pantry
  • Heating: Heat Pump(s)
  • Cooling: Heat Pump(s)
  • Flooring: Carpet, Hardwood, Tile
  • Security: Security System
  • Appliances: Cable TV Pre Wired, Central Vacuum, Dishwasher, Disposal, Dryer-Electric, Microwave, Oven/Range Electric, Refrigerator, Washer, Water Heater Electric
  • Interior Features: Bedroom-Entry Level, Ceiling Fan(s), MBED-Full Bath, MBED-Separate Shower and Tub, Screen(s), Tub-Soaking/Whirlpool, Two Master Bedrooms, Walk-In Closets

Exterior Features

  • Style: Townhouse
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Slab
  • Garage: Attached
  • Garage Size: 1
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Deck - Rear

Listing Courtesy of COLDWELL BANKER RESORT REALTY - R

Selling Your Rehoboth Beach Home during the Holidays

Selling your Rehoboth Beach home during the holiday season may sound like a less than ideal game plan, but there are some advantages now present only at this time of year. It’s true that some extra effort may be called for, but it can be worth the endeavor: there are several factors that make showings at this time of year particularly promising.

The first advantage is the flip side of the greatest disadvantage: the slowdown in real estate activity we usually expect over the holidays. That relative paucity of active prospects means fewer showings, so the number of times you’ll be called upon to put your Rehoboth Beach property in peak condition will be smaller. The other side of that disadvantage? The showings we do expect will be to particularly motivated buyers. If they are interrupting their own Christmas and New Year’s activities to go house hunting, they probably mean business. And it’s also likely that they are motivated by a timing deadline. This makes those showings especially promising.

Another positive aspect to selling a Rehoboth Beach home at this time of year is how appealing the staging possibilities become—and with little extra effort. Your regular holiday decorations make the place festive and cheerful every year, anyway—usually little else will be needed to bring those enhancements into play for prospective buyers. Yuletide décor is automatically a kind of natural staging that brings out the cheeriest side of any home…and who doesn’t respond favorably to the scent of cookies in the oven or cider bubbling on the stove?

Along with those automatic holiday positives, owners selling their home in Rehoboth Beach do need to be careful to avoid some built-in potential downsides. Right now the sun stays lower—even at noon—than at other times of the year, so it’s important to make the most of the light that is available. Keep rooms well-lit and window drapes pulled back to allow as much sunlight as possible. Even during daylight hours, most rooms show their best with all lamps and ceiling fixtures turned on. Fireplaces are sought-after features—and this is the best time of year to make the most of yours by keeping a cheery fire blazing.

When you are selling your home during the holiday season you should also make the effort to keep your own schedule as flexible as you can—even more so than would ordinarily be called for. Potential buyers will have their own holiday obligations to attend to, and are often forced to jam showings into tight spaces. It can be worth it, though, when you keep in mind that holiday home shoppers are motivated prospects.

If this December and January look like opportune times to be selling your own home in Rehoboth Beach, it’s not too late to give me a call. I will be active throughout the season, helping Rehoboth Beach prospects find the home of their dreams—the home they will be making holiday memories in for many years to come! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com

For Rehoboth Beach Real Estate Investors, a “Bubblicious” Re

 If you are one of Rehoboth Beach’s real estate investors (or have been interested in how real estate stacks up against other investment classes), the insights of AIG investment honcho Doug Dachille would likely get your attention. Dachille is American International Group’s Chief Investment Officer. That makes him the decision-maker for the insurance giant’s $350,000,000,000 (that’s billion) portfolio.

Last Friday, Bloomberg TV aired a candid interview on the subject of how he feels real estate investors are likely to fare. The attention-getting interview ran under the heading, “AIG’s Dachille Rejects ‘Bubblicious’ Critique of Real Estate.

It might seem that your typical real estate investor in Rehoboth Beach has little in common with the director of such a gigantic bankroll, but that’s not necessarily the case. It turns out that insurer AIG—just like any local real estate investor—labors under the necessity to safely maximize returns in order “to back obligations to policy-holders.” With government debt interest rates unappetizingly low, it has set the giants (like AIG, MetLife Inc., and Prudential Financial Inc.) scrambling for investment outlets. One answer has been to enter the arena of real estate investors, principally as lenders.

“Insurers hold funds for long periods of time…[so they] have been counting on real estate lending to obtain higher yields available to investors who are willing to sacrifice liquidity.”

So where does the “bubblicious” headline come in? It turns out to be a rejection of an earlier analyst who appraised the current real estate market as looking “a little bubblicious”—one that could face shocks should interest rates climb. That kind of worrisome analysis could cause some sleepless nights for Rehoboth Beach real estate investors with memories of the previous real estate bubble.

A return to peaceful snoozing would have been restored if they happened to catch Dachille’s response. With a very sizeable ($22.9 billion) portion of AIG’s stake in direct commercial mortgage loan exposure, he sees the ability to raise rents as a satisfactory counter to the inflation risk. “Commercial real estate is very similar to an inflation-protected bond,” he said; “What’s…bubblicious?”

Dachille regards the sector as presenting an attractive place for long-term returns—with a risk factor on a par with alternatives currently offering much lower yields. He revealed that AIG has been scaling back investments in hedge funds for a number of reasons. One that might ring true for Rehoboth Beach real estate investors is many funds’ relative lack of transparency. As Bloomberg summarized, “He was uneasy about funds when he can’t track their trades.”

Investors like AIG’s Dachille have a peculiar—and stupendous—problem in having to find suitable venues for billions in assets. For local investors, it’s a lot less complicated to uncover single opportunities in today’s Rehoboth Beach real estate market. Call me if you are interested in exploring them! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.