17903 Beaver Dam, Lewes, De 19958 | $225,000

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Property Details

Home being sold "AS IS". No HOA Fees, close to shopping and beaches. half acre lot with 4 outbuildings.
  • MLS Number: 731652
  • Status: Active
  • Price: $225,000
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • School District: Cape Henlopen
  • Square Footage: 3,000
  • Year Built: 1940
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $528
  • Furnished: No
  • Lot Dimensions: 154x142
  • Lot Square Feet: 21,780
  • Lot Size Acres: 0.50
  • Water: Well
  • Sewer: Gravity Septic

Interior Features

  • Fireplace: Wood Stove Insert
  • Heating: Baseboard Electric
  • Cooling: Attic Fan, None
  • Flooring: Hardwood
  • Attic: Floored
  • Appliances: NONE

Exterior Features

  • Style: Farm House
  • Construction Type: Stick/Frame
  • Exterior Type: Wood
  • Roofing: Asphalt Shingle
  • Foundation: Other See Remarks
  • Parking: Off Site Parking
  • Porch/Deck/Patio: Porch - Front
  • Exterior Features: Storage Shed/Outbuilding

Listing Courtesy of JACK LINGO LEWES

A Lewes Virtual Tour Can Attract Buyer Interest

For many homes that will be listed for sale in Lewes, virtual tours will be part of their prospective buyers’ experience. It’s increasingly common that in addition to the eye-catching still photographs that enhance the online listing, some form of clickable virtual tour is there, as well.
Most frequently found are virtual tours that are actually still shots that can be displayed sequentially—this kind of virtual tour could more specifically called a ‘virtual slide show,’ because the viewer is in control of the speed at which the photos appear. When a one-click ‘play’ symbol is onscreen which triggers automatic playback (frequently with musical accompaniment or even narration), it really does produce an experience that’s like an actual tour. And further enhancements can be added, like pans across (and zooms into or out of) the still shots, creating the feeling of movement. When music or narration are added, the result can be quite effective.
Another Lewes virtual tour is more ambitiously produced: the shots in it consist of some (or all) motion sequences that are created with a video rather than still camera. When the camera is set into motion—as when it moves down a path or through a doorway, it can convey the feeling of actually ‘being there’ more effectively than stills. For the viewer, there is a subtle difference between what is experienced when viewing a computer-created sweep (“pan”) across a still image of a room versus a video camera actually panning across the same scene. In the video, there is more of something like a 3-D experience because the objects in the room shift in relation to one another. Not a lot…but just enough!
So which is the most effective form for a Lewes virtual tour? The answer is…not what you might expect. The format, whether stills, moving stills, or video is really not what makes the greatest difference. It’s vastly more important that in any format, what’s being shown is almost all that matters—or as they say in Hollywood, it’s lights! camera! action!
· Lights—blotchy lighting with areas of impenetrably deep shadows may be fine for film noir productions, but for your virtual tour of your area home, it’s a negative. A skilled photographer or videographer will see that most areas are cheerfully, brightly exposed.
· Camera—most (if not all) your images will work best when a very wide angle lens is used. It gives the impression of spaciousness.
· Action—in both video and slideshow modes, the speed at which images move should be slow enough that viewers don’t find it dizzying, yet fast enough that the pace of the ‘production’ isn’t annoyingly pokey (like this current virtual tour, which zips right along in a progression that makes sense—like an actual tour).
An Lewes virtual tour can provide a genuine boost to your home’s selling campaign when it is attractively produced—and accurate (thus avoiding showings to prospects for whom the property is clearly unsuited). It’s only one of the many tools which can be called into service to draw the interest of the qualified prospective buyers you need to reach. Call me if you’d like to discuss what’s happening in today’s market! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Delaware Home Loan Rate-Watchers Eye New Fed Leadership

On January 6, the Senate confirmed Janet Yellen to head the Federal Reserve’s Board of Governors, making it the first time ever that a woman has led the nation’s most important financial institution. In some respects, it makes her the most powerful woman in the United States.

As with every personnel change in the Fed, Yellen’s rise has fostered plenty of concerns about the direction the Federal Reserve will take under her leadership. Since it’s the institution that determines the federal funds rate—which in turn dictates how much businesses and individuals pay for their loans—any change in Federal Reserve policy has a significant impact on our local home loan rates. Sooner or later, those rates affect just about all of us. 

So, what clues do we have about the direction Ms. Yellen is likely to lean? One came just before the financial crisis. Before the financial meltdown, Yellen expressed concerned. In 2005 she is quoted as saying, “Analyses do indicate that house prices are abnormally high, that there is a “bubble" element, even accounting for factors that would support high house prices."

Last year was an excellent one for Delaware real estate, yet according to the Standard & Poor’s Case-Shiller Index, national housing prices are still 20% off the peaks set in 2006. Research from real estate website Trulia shows that U.S. housing is still 4% undervalued (compared with a 39% overvaluation reached at the 2006 peak). Happily, Yellen, an early identifier of the previous housing bubble, has not expressed similar concerns about today’s real estate market. 

In 2012, the Federal Reserve’s previous leadership announced an unemployment threshold of 6.5% as the point at which it would consider raising interest rates. During Yellen’s first testimony as Chairman, she stated that the Federal open market committee would likely keep interest rates near zero well past that mark. In Yellen’s view, the recovery in the labor market is far from complete. As evidence, Yellen pointed to 7.1 million people who are mired in part time work but who would prefer full time jobs—and to the 3.6 million people who have been unemployed longer than six months.

For Delaware home loan rate watchers concerned that a rise in rates might dent real estate values, the new Chairman has sounded some reassuring notes. In her recent address to the Committee on Financial Services, Yellen explicitly stated that she expects “a great deal of continuity in the FOMC’s approach to monetary policy.”  That could mean that interest rates for local home loans might gradually rise, it’s not likely to be precipitous.

The bottom line: dramatic rises in interest rates are unlikely under Yellen’s watch, but those considering getting a home loan who have not yet taken advantage of still low interest rates might do well to consider doing so.

Savvy shoppers; don’t sit on the sidelines, 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.