$449,900
$449,900
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37843 COBBLESTONE LN #5 Rehoboth Beach, DE 19971
2 Beds
1 Bath
450 SqFt
Key Details
Sold Price $449,900
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 450 sqft
Price per Sqft $999
Subdivision Rehoboth Manor
MLS Listing ID DESU2005968
Sold Date 11/05/21
Style Cottage
Bedrooms 2
Full Baths 1
Condo Fees $297/mo
HOA Y/N N
Abv Grd Liv Area 450
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $237
Tax Year 2021
Property Description
Cute as a button and as hardworking as they come, meet #9 of Delawares top 25 Airbnbs. This saltbox cottage generates over $45,000 in annual rental income. If youre an investor you know how difficult it is to collect annual rent equal to 1% of the purchase price (known as the 1% rule) in the resort area not to mention in this market. This is your chance and the one youve been hunting. Completely remodeled in 2018, this tiny home features $35,000+ in included furnishings, appliances, linens, kitchen items, and bikes. With a few exceptions everything you see conveys to make this 100% turnkey. Located at the end of the Lane this is the only cottage with two assigned parking spaces. Gather on the large screened-in porch or retreat to the side courtyard for privacy or enjoy the inviting and totally private outdoor shower. On site laundry is provided by the condo association just across the driveway. You can walk to Dewey Beach, bike to the boardwalk in Rehoboth, or if you prefer skip to the restaurants/shops on the forgotten mile. Hurry to book your appointment to tour this gem as showings must be scheduled between reservations.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning GENERAL RESIDENTIAL
Rooms
Other Rooms Kitchen, Family Room, Loft, Additional Bedroom
Main Level Bedrooms 1
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Equipment Microwave, Oven/Range - Electric, Refrigerator, Water Heater
Furnishings Yes
Fireplace N
Appliance Microwave, Oven/Range - Electric, Refrigerator, Water Heater
Heat Source Electric
Laundry Common
Exterior
Exterior Feature Porch(es), Screened
Amenities Available Laundry Facilities, Common Grounds
Waterfront N
Water Access N
Roof Type Shingle,Asphalt
Accessibility None
Porch Porch(es), Screened
Parking Type Off Street, Driveway
Garage N
Building
Lot Description Cleared
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District Cape Henlopen
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Laundry,Trash,Snow Removal,Road Maintenance,Lawn Maintenance,Insurance,Ext Bldg Maint
Senior Community No
Tax ID 334-19.12-23.00-5
Ownership Condominium
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Description Dogs OK, Cats OK
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Bought with Roger Lee Nisewarner • Keller Williams Realty
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