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$132,000
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20 Spinning Wheel Ln
Rehoboth Beach, DE 19971
3 bed 1 bath 980 SqFt ($134/SqFt)
3,485SqFt lot. Built 1979
Listed 2024-03-11, Taxes $306
Ⓧ USDA Ineligible
due to property

near North Shores

Latest Value Estimates: $131,598 from Quantarium on 2024-04-24. $122,000 from Collateral Analytics on 2024-04-17. Forecast Estimate Value:$135,015 in 2025-04-01 by Quantarium. $122,766 in 2025-02-01 by Collateral Analytics.

This home is beach cottage cute on the interior

Plus it has recently had upgrades to the exterior, which include new vinyl siding, an A-frame roof, gutters with gutter guards and the crawlspace has been fully re-conditioned with new insulation and belly wrap (vapor barrier). The owners also added a 10'x20' screened porch and an 8'x8' shed. Inside youll find laminate flooring and ceiling fans in every room. The vast living room adjoins the eat-in kitchen. The kitchen has newer cabinets and hi-def countertops; and the stainless steel appliances are a few years old. The main bedroom is to the rear of the home. It is right next to the remodeled full bath, which has a large fiberglass stall shower. The hall laundry area has a full-size washer and dryer with newer overhead cabinets. The other two bedrooms are down the hall from the main bedroom. Being offered mostly furnished with a few exclusions. Colonial East is located in the Midway area of Rehoboth, so you'll be an equal distance - about 4 miles - to the Rehoboth boardwalk or the Lewes public beaches!

And there is a water park, movie theatre, fitness center with racqutball and restaurants all within walking distance of the community. Property is subject to a transferrable, annually-renewable leasehold interest: Lot Rent is currently $599.04/mt. (renews August 1, 2024 with any increase based on DE Code Title 25, Chpt 70, Sec 7050-7053). Lot rent includes membership to the outdoor pool, seasonal lawn maintenance and trash/recycle service. Buyer pays electric, water, sewer and metered gas (LP). Two pets are allowed - NO breed restrictions. A Park application is required and a Buyer will be accepted as a Resident based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio and 3.)criminal background check. (Note: Rentals are NOT permitted in this community - but friends and family may always visit.) Financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for mobile homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent


Presented by Linda Bova at
Sea Bova Associates, Inc.
Listing Agent Photo

Property MLS #DESU2057862 from BrightMLS

Bedrooms: 3

Total Bathrooms: 1
Full Bathrooms: 1

Ceiling Fan(s)
Floor Plan - Traditional
Kitchen - Eat-In
Pantry
Stall Shower
Window Treatments

Dryer - Electric
Microwave
Oven/Range - Gas
Range Hood
Refrigerator
Washer
Water Heater

Cooling Features: Ceiling Fan(s), Central A/C
Heating Features: Forced Air
Heating: Yes

Land Lease: Yes
Lot Size Acres: 0.08
Lot Size Square Feet: 3484

Parking Features: Asphalt Driveway, Driveway Spaces: 2
Parking Total: 2

Association: No
Calculated Total Monthly Association Fees: 0

School District: CAPE HENLOPEN

Cape Henlopen High School is a public high school located approximately 1.7 miles away.
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Shields (Richard A.) Elementary School is a public elementary school located approximately 2.3 miles away.
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Mariner Middle School is a public middle school located approximately 9.9 miles away.
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Legal Name Bethel Preschool of Lewes Inc. is a private elementary school located approximately 2.6 miles away.
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Annual Tax Amount: 318.0
Source Listing Status: Active
County: SUSSEX
Disclaimer: Standard
Ownership: Land Lease
Source Property Type: Residential
Area: SUSSEX
Source Neighborhood: COLONIAL EAST MHP
Subdivision: COLONIAL EAST MHP
Non Deeded: Yes
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$6,450 + $unknown
$6,450
$306
2020$5,950 + $unknown
$5,950
$279
2019$5,950 + $unknown
$5,950
$271
2018$5,950 + $unknown
$5,950
$261
2017$5,950 + $unknown
$5,950
$250
2016$5,950 + $unknown
$5,950
$237
2015$5,950 + $unknown
$5,950
$227
2014$5,950 + $unknown
$5,950
$225
2013$5,950 + $unknown
$5,950
$219
2012$unknown + $unknown
$5,950
$218
2011$unknown + $unknown
$5,950
$195

Price Changed 2024-04-25
$132,000
BrightMLS
Listed 2024-03-11
$135,000
BrightMLS
Sold 2020-04-25
$27,000
BrightMLS
Listed 2020-02-14
$32,000
BrightMLS
Listing removed 2010-11-03
$28,000
Sussex
Price Changed 2010-09-22
$28,000
Sussex
Price Changed 2010-07-22
$31,000
Sussex
Listed 2010-06-16
$34,500
Sussex

Year Built: 1979
Above Grade Finished Area: 980
Construction Materials: Vinyl Siding
Property Age: 45
Levels or Stories: 1
Structure Type: Manufactured
Total Area Sqft: 980

2+ Access Exits
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.