20178 Spruce, Lewes, De 19958 | $59,000

I like it!

Email me 20178 Spruce, Lewes, De

*



* Required Fields

  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
  • Image Loading. Refresh your browser.
View Map
If this text does not disappear quickly, then your browser does not support Google Maps

Property Details

The perfect year-round getaway or make this your year round home. Well maintained mobile on a large lot. Close the beach and shopping. Adjacent building lot available. This is the perfect place to spend time away from the hustle and crowds. But
  • MLS Number: 717075
  • Status: Active
  • Price: $59,000
  • Property Type:
  • Area: Indian River Hundred
  • Community: Arbre Park
  • School District: Cape Henlopen
  • Square Footage: 1,200
  • Year Built: 1974
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Number of Stories: 1
  • New Construction: No
  • County Taxes: $282
  • Furnished: No
  • Lot Dimensions: 105 x 149 x 68 x 1
  • Lot Size Acres: 0.00
  • Water: Well
  • Sewer: Gravity Septic

Interior Features

  • Heating: Forced Air
  • Cooling: Wall Unit
  • Flooring: Carpet
  • Appliances: Dryer-Electric, Oven/Range Gas, Refrigerator, Washer

Exterior Features

  • Style: Modified Single Wide
  • Construction Type: Mobile (Prior 1993)
  • Exterior Type: Aluminum Siding
  • Roofing: Asphalt Shingle
  • Foundation: Other See Remarks

Listing Courtesy of Re/Max Point Realty

Is that Sound You Hear the Lewes Mortgage Rate Alarm Bell?

In case you set your alarm clock to go off when it was time to buy a home, that clang you may be hearing from somewhere in the distance could be it (figuratively speaking, of course). The reason has to do with the direction of Lewes mortgage rates (among others).
Now, I realize this could come across a little bit like Aesop’s boy who cried ‘Wolf’ since a year and a half ago the experts were unanimous in predicting that mortgage rates would rise throughout 2014 (to at least 5%, if I remember correctly). And not only did they not jump—after a short rise, they actually fell!
The experts were wrong. To the extent I agreed with their call, I was, too—but at least I wasn’t lonely. And I also try to be clear that predicting the future of any financial movement is never a sure thing. The same is true today…but…
Last week, less than a week after the Federal Reserve monetary policymakers emerged from their meeting, Bankrate web commentator Janna Herron published a view that sent alarm bells ringing in my head. It makes so much sense, I feel compelled to share it. Already publicized in the rest of the media was the announcement that 15 of the 17 Fed officials now agree that they expect to raise the federal funds rate at some point within the next 6 months (and one expert was quoted as expecting that as early as September or October). Fifteen out of 17 is a 88% majority, so it couldn’t get much clearer. The funds rate has been cemented to the ground at precisely zero for almost seven years. Since 2008.
Lewes mortgage rates are based upon that Fed funds rate. When it rises, mortgage rates have to rise, or lenders would have to be reclassified as charitable enterprises (not likely). The reasons given for the Fed governors’ near-unanimous prediction are both the rise in the pace of job gains and, as was reported, “The Fed also noted improvement in housing.”
Now, that news may have prompted Lewes mortgage-rate watchers to sit up and take notice—but not necessarily have them hearing alarm bells going off. But there were two other pieces of information:
· First, the current national mortgage rates reported last week rose. They were pegged at just over the 52-week average for 30-year fixed loans, but at 4.13% it remained below the 4.33% of a year before. In other words, still (perhaps momentarily) in the historically basement-level range.
· Second, new mortgage activity began to rise, moving 1.6% up from a week before. Applications had been dropping, but now they were on the move. This while home builder confidence levels soared, with expectations hitting the highest levels in nearly a decade.
As with any batch of economic numbers, the signs can be interpreted in multiple ways, but one way sure does seem to stand out: mortgage rates are attractive now, housing activity is almost certainly on the rise, and mortgage rates and monthly payments are very likely to become more expensive. The same thought may be occurring to more and more people as we enter the summer home-buying season: “What if I could pay less every month for the same home…for the next 30 years…”
Note to Lewes home-buyers. Listen carefully: that could be the sound of your own alarm bell going off! If you think you hear it, now would be a great time to 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

Sussex County Real Estate Reflected Overall 2013 Up Trends

It’s time for Sussex County real estate observer to tackle the New Year’s roundup of the Year in Real Estate (along with the traditional disclaimer that, since the actual statistics won’t be tallied until 2014, this has to be a lot more sizzle than steak!) But this is one time in the year when we local residents get to take pause to relax, perhaps put a bottle of bubbly in the fridge for later on, and take a sweeping view of the general direction of things across the land.

If you’ve been reading here throughout the year, you already know that 2013 Sussex County real estate activity might easily justify chilling a superior vintage champagne: it’s been a pretty darn good year! A smattering of last week’s press reports confirms it:

  • From the East Coast to Oahu (where there was a “1 in 3 chance” that if you sold a house, it was for more than the asking price), reports were of steadily rising prices.
  • The Business Insider reported that the Big Apple “managed to shatter several real estate records in 2013.” One of the records was a tidy listing for a modest little 62,000 sq. ft. private coop residence. Sure, $130 million may sound a little steep to us here in Sussex County, but that might be because so few of our digs have 82-foot swimming pools or tennis courts…at least not indoors, inside our five-story apartment atop a skyscraper.
  • More down to earth might be NAR’s assessment that “Housing prices rose faster than expected” — with a lot of credit given to the fact that “affordability remained high.”
  • Another factor: “More first-time buyers” were entering the market due to “rising rents and pent-up demand.”
  • Following suit, the Dallas News was touting a local home market that “came roaring back in 2013;” one that had “builders rushing to keep up with demand for new houses.”
  • The Realtor® web awarded credit for the strong real estate year to “Low mortgage rates, all-cash buyers, and tight inventories” that sustained the housing market recovery. Our Sussex County real estate saw much of the same.  
  • There was one notably bleak spot: “ACT real estate hit hard by election” the Times reported. “Uncertainty” about election politics had created “subdued performance during the year” and some “negative house price growth.” The best news: this was the Canberra Times – and the country was Australia!

So let’s wish those Down Under a quick turnaround; then, after a relaxing day watching the Rose Parade and a bowl game or two, let’s get ready to charge into an equally dynamic 2014.

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.