21201 M Street , M-31

Description

Rehoboth Bay Community has boat slips for rent, a community boat ramp, a storage area for boats/PWCs, a bayfront pool, a crabbing/fishing pier, a small sandy beach near the pool, tennis/pickleball courts & more! And it is just 6.5 miles to the famous Rehoboth boardwalk. Golf carts are permitted in Rehoboth Bay. This 1999 14’x66’ singlewide home has an ADA-compliant ramp and the main bath has a zero-entry shower with a seat. Great split bedroom plan! Main bedroom is en Suite and it has a walk-in closet. The other two bedrooms share the second full bath in the hall, which has a tub/shower. Galley-style kitchen with a dinette area. Laundry room, with a full-size, side-by-side washer & dryer set, is located off of the kitchen. Central AC, gas (LP) forced air heat & ceiling fans. Open deck with Trex-style composite boards. Storage shed. Pretty landscaping. The community allows 2 pets (no fences, though). Leasehold Interest: Lot Rent is $831.25/mt. and it includes water service & trash/recycle. (Delaware law caps rent increases as per 25 Del. C. Sec 7050-7054). Homeowner pays electric, sewer, LP gas, cable/Internet, and lawn maintenance. Hometown America, the community owner, requires an Application from the Buyer (and all adult occupants 18-year-of-age or older), with acceptance 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: Family & friends may always visit, but no short-term rentals (rentals for 6mts or longer may be approved by the Community Manager.) Financing may be available to qualified borrowers from only a very few Lenders who specialize in installment/chattel loans for manufactured homes on leased land. Closing costs will include a real estate transfer tax (3.75% DMV Doc Fee) & a Settlement Agent fee.