20 Spinning Wheel Ln, Rehoboth Beach, De 19971

$132,000

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 You’ll Find Laminate Flooring And Ceiling Fans In Every Room. The Spacious Living Room Adjoins The Eat-in Kitchen. The Kitchen Has Newer Cabinets And "hi-def" Countertops; And The Stainless Steel Appliances Are Only 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 & 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 Racquetball, 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 & 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 & Family May Always Visit.) Financing May Be Available To Qualified Borrowers From Only A Very 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