35545 Creekside Drive, Rehoboth Beach, De 19971 | $453,900

I like it!

Email me 35545 Creekside Drive, Rehoboth Beach, 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.
View Map
If this text does not disappear quickly, then your browser does not support Google Maps

Property Details

To Be Built: The Kingfisher is a two story home with a first floor owner's suite starting at 2,566 sqft. This home has 3 bedrooms, 2.5 baths, and a den. The first floor open design includes a spacious kitchen open to the dining area and two-story gre
  • MLS Number: 726293
  • Status: Active
  • Price: $453,900
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Sawgrass At White Oak Creek
  • School District: Cape Henlopen
  • Square Footage: 2,566
  • Year Built: 2017
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Stories: 2
  • New Construction: To Be Built
  • County Taxes: $252
  • Association Fee: $3,264
  • Furnished: No
  • Lot Square Feet: 9,583
  • Lot Size Acres: 0.22
  • Water: Public Central Water, Water-Public Central
  • Sewer: Public Central Sewer, Sewer-Public Central
  • Community Amenities: Basketball Courts, Community Center, Gated Community, Lawn Care, Pool-Inground, Pool-Outdoor, Sidewalks

Interior Features

  • Kitchen: Breakfast Bar, Countertops - Solid Surface, Island, Pantry
  • Heating: Forced Air, Gas - Propane, Multi Zone
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood, Tile
  • Security: Gated Community
  • Appliances: Cable TV Pre Wired, Dishwasher, Disposal, Exhaust Fan, Fridge w/Ice Maker, Microwave, Oven/Range Electric, Oven-Self Cleaning, Washer/Dryer Hookup Only, Water Heater Tankless
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Insulated Door(s), Insulated Window(s), Insulation, MBED-Full Bath, Screen(s), Storm Door(s), Storm Window(s), Vaulted Ceilings, Walk-In Closets

Exterior Features

  • Style: Coastal,Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Garage: Attached
  • Garage Size: 2
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Porch - Front
  • Exterior Features: Irrigation System

Listing Courtesy of LINDA VISTA REAL ESTATE

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.

Delaware Home Equity & The Law of Retirement Motion

You might have had a science teacher who explained to the class why perpetual motion machines aren’t possible. He would have had some common sense to back up his point  (everybody knows nothing lasts forever). But the actual scientific explanation had to do with physics and Newton’s Laws: in the end, perpetual motion just isn’t in the cards.

When it comes to real estate, however, for a lot of happy residents, their Delaware home equity comes awfully close to being a kind of perpetual income machine.

There may not be a Newton’s Law of Retirement Motion, but for anybody planning their long-term future security, there should be. It would be straightforward:

For every mortgage principal payment, there is an equal and opposite addition to your home equity.

This simple Law has a profound effect in the real world. The PEW Research Center tells us that the typical median family’s expenditure for housing = 23% of after-tax income. That figure is for households with two earners and two children. If retirement will mean a reduction in those two earners’ income (as is usually the case), unless they reduce the size or quality of their housing, the percentage of income it claims will have to rise further. Not a very desirable outcome.

But apparently the majority of Americans have already taken our fanciful Law of Retirement Motion into account. According to the U.S. Census Bureau, among American homeowners who are 65 and older, a whopping 65.3% have no mortgages payments to make. They own their residences free and clear. For them, the home equity effect is, as financial adviser Robert Christman describes, “…almost as if you had saved enough extra to provide a monthly income equal to your mortgage.” It’s like a Newton’s Law of Perpetual Income.

The practical effect of owning your Delaware home outright isn’t as fanciful as are the non-existent Newton’s Laws—it’s darned real! Which is one reason my job helping clients land the right home at the right price ends up being so satisfying.

Do give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com