21206 N St Unit N-11, Rehoboth Beach, DE 19971

Property Description

Rehoboth Bay Community has boat slips for rent, a community boat ramp, a boat storage area, 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. This 1986 14’x70’ Schult, with a +200 sq. ft. enclosed 3-season porch, has just been updated and freshly painted. The home has newer windows, siding, and a newer roof. The baths and kitchen have been remodeled. Open floor plan with the living room opening to the kitchen, which has a breakfast bar and space for a dinette set. Split bedroom plan. The main bedroom is the left. It is en Suite with walk-in shower. The second bedroom has access to the full bath in the hall, so it feels like a suite, too. Laundry room with a full-size washer and dryer. Big storage shed for your beach, boating, and gardening equipment. Golf carts are permitted. The community allows 2 pets (no fences, though). Leasehold Interest: Lot Rent of approx. $766/mt. includes water service & trash/recycle. (Delaware law caps rent increases as per 25 Del. C. Sec 7050-7054 with Lease renewals on Jan. 1). 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 rentals are NOT permitted in this community.) 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.