20 Spinning Wheel Lane

Rehoboth Beach, DE 19971

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