21259 Catalina, Rehoboth Beach, De 19971 | $439,900

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Property Details

THREE LEVEL ELEVATOR END UNIT TOWNHOME with spectacular wetland views. Rarely available. Developer no longer building this model. Stunning Pinnacle end unit has over 3000 sq ft with 4 bedrooms and 3.5 bathrooms. Patio, large screened porch, 3rd leve
  • MLS Number: 725343
  • Status: Active
  • Price: $439,900
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Sawgrass At White Oak Creek
  • School District: Cape Henlopen
  • Square Footage: 3,008
  • Year Built: 2012
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number of Stories: 3
  • Unit Floor Number: 1
  • New Construction: No
  • County Taxes: $1,785
  • Association Fee: $3,600
  • Water View: Tidal Wetland
  • Pool: Other See Remarks
  • Furnished: No
  • Lot Size Acres: 0.00
  • Lot Description: Corner, Landscaped, Trees/Wooded
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Basketball Courts, Community Center, Fitness Center, Gated Community, Lawn Care, Pool-Outdoor, Sidewalks, Tennis - Outdoor

Interior Features

  • Kitchen: Breakfast Bar, Countertops - Granite, Pantry
  • Heating: Forced Air, Gas - Propane
  • Cooling: Heat Pump(s)
  • Flooring: Carpet, Hardwood
  • Attic: Access Only
  • Security: Gated Community, Keyless Entry, Monitored System, Smoke Detectors
  • Appliances: Dishwasher, Disposal, Dryer-Electric, Fridge w/Ice Maker, Garage Door Opener, Humidifier, Microwave, Oven/Range Electric, Range Hood, Washer, Water Heater Gas
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Ceiling Fan(s), Elevator, Fireplace-Gas, MBED-Full Bath, Screen(s), Walk-In Closets

Exterior Features

  • Style: Townhouse
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Shingle-Asphalt
  • Foundation: Concrete Block
  • Garage: Attached
  • Garage Size: 1
  • Parking: Garage, Garage Door Opener
  • Porch/Deck/Patio: Deck - Rear, Deck - Side, Deck - Wrap Around, Patio - Rear, Porch - Screened
  • Exterior Features: Fireplace, Irrigation System

Listing Courtesy of OCEAN ATLANTIC SOTHEBY'S INTL REALTY

Rehoboth Beach Homes for Sale Get Boost from National Forecast

Suppose you are a Sussex County homeowner who intends to move to a different home eventually, but for the moment, you aren’t under any particular deadline pressure that would dictate when you have to put your home on the market. In that case, you’re likely to keep tabs on overall market conditions, awaiting what looks like circumstances favor those with homes for sale.
Twice a year, the National Association of Realtors® issues their economists’ midyear forecast—it appeared last week. For those with homes for sale in Sussex County (or anyone thinking about adding theirs to the homes already for sale), the outlook was heartening.
The forecast was for the greater U.S. economy to improve, bouncing back from the weather-blasted winter stall which made the first quarter a disappointment. Subsequently, consumer spending opened up, causing expectation that the GDP would rise in the remainder of the year. Overall, the forecast for 2015 was positive, though lukewarm. As a whole, the year promises to be “not bad but not great.”
On the other hand, focusing narrowly on the outlook for U.S. housing market activity—homes for sale—the upside momentum was already decidedly more in evidence. The prospects for any single one of the Sussex County homes for sale depend upon a combination of factors, but if national activity is any reflection, the latest numbers packed what you could call a “6-7-8-9 punch”:
· Existing home sales in May notched a high water mark not seen in 6 years (and the 2009 level had been artificially inflated because of an $8,000 homebuyer tax credit).
· New home sales hit the highest level in 7 years.
· Housing permits to build new homes registered an 8 year high.
· Pending contracts to buy existing homes for sale reached a 9 year high.
Examining the demographics behind the figures, it was clear that, for the first time in quite a while, first-time buyers are back. Last year during the same period, only 27% of buyers were first-timers. They now make up a more normal 32%. As prices brought by homes for sale continued to rebound, institutional investors were disappearing from the scene, creating a more typical mix of buyers.
A major part of the reason why homes for sale were fetching “stronger than normal home price growth” had to do with a shortage of inventory—ascribed to the volume of new homes being built (or not being built). The rule of thumb is generally for about 1.5 million new homes to be constructed per year, a mark that’s failed to be realized for a number of years. In 2009, only 550,000 home were built—and the total had barely reached a million through last year. But now, with optimism among homebuilders at newly robust levels, it’s expected that normal output will have fully resumed by 2017.
The other major factor boosting sale prices was the specter of mortgage rate increases. Rising mortgage rates “initially rush buyers to decide”—just the kind of sign that could tip the scales for a homeowner who’s been waiting to add their property to the homes for sale in Sussex County. Should you decide that this summer is shaping up to have just the conditions you’ve been waiting for, I hope you’ll give me a call for a no-obligation consultation! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Financial Guru’s Advice Yields 4 Delaware Home Buying Steps

What a simpler world it would be if Delaware home buying could be reduced to anything like a simple 4-Step process. Even better if those were four easy steps. Actually, without actually coming out and saying so, that’s the tantalizing prospect hinted at on radio financial guru Dave Ramsey’s web site’s “Home Buying Process Made Easy.

Ramsey is the likable media expert in household budgeting and financial planning. A good deal of his guidance could be summed up in just 2 steps:

1) get out of debt (except for mortgage debt) as soon as humanly possible; then,

2) stay out.

Since that’s not bad advice, the promise of home buying in 4 steps seems almost reasonable. After all, his millions of listeners have undoubtedly benefitted greatly through the years (once they’ve figured out a way to act on the advice).

And in fact, his 4 easy home buying steps are actually not far off-target—although I think they’re out of order:

  1. Put your finances in order before home buying; IOW, know what you can afford.
  2. Do the cash flow math. Ramsey thinks your Delaware home’s monthly mortgage payments should be no more than a quarter of your net income.
  3. Get a home loan. Make this a 15-year fixed rate mortgage to minimize total interest paid.
  4. Find a good real estate agent to “help make sure you don’t pay too much” and deal with any “unexpected home buying hurdles.”

Realistically, Delaware home buying involves a bit more involvement than that. Also, Step 4 should actually come after Step 2, and Step 3 (getting a mortgage) should come after that—and after you and your good real estate agent have zeroed in on your target Delaware  home.

One more practical alteration: the 15-year mortgage structure automatically results in a higher monthly payment that, when combined with a 25% of net income budget cap, could yield an unrealistically limited budget target.. Being financially conservative also means being realistic. A growing family, for instance, might find that they have wasted money if they have to move to a larger home after only a few years.

That’s where your good real estate agent can save the day. Call me at any step in the process: I’ll be your sounding board on today’s practical short and long term Delaware home buying trade-offs! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com