37843 Cobblestone Ln Unit 5 Rehoboth Beach, DE 19971

Listing Details

• Property Type: Residential
• Structure Type: Detached
• Architectural Style: Cottage
• Sussex De Quadrants: Between Rt 1 & 113
• Ownership: Condominium
• Exclusions: Artwork and select personal items
• Historic: No
• Inclusions: See inclusions list
• New Construction: No
• Story List: Main, Upper 1
• Expected On Market: 2021-09-05
• Federal Flood Zone: Yes
• Year Built: 1940
• Year Renovated: 2018
• Automatically Close On Close Date: No
• Remarks Public: Cute as a button and as hardworking as they come, meet #9 of Delaware’s top 25 Airbnb’s. This saltbox cottage generates over $45,000 in annual rental income. If you’re 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 you’ve 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.
• Special Features: None
• Property Sub Type: Detached

Interior Features

• Appliances: Microwave, Oven/Range - Electric, Refrigerator, Water Heater
• Entry Floor: 1
• Fireplace: No
• Foundation Details: Block
• Floors In Unit Count: 2
• Levels Count: 2
• Room List: Kitchen, Family Room, Loft, Additional Bedroom
• Basement: No
• Laundry Type: Common
• Total Sq Ft: 450
• Living Area Sq Ft: 450
• Price Per Sq Ft: 999.78
• Above Grade Finished Sq Ft: 450
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 37843

Beds/Baths

• Bedrooms: 2
• Main Level Bedrooms: 1
• Total Bathrooms: 1
• Full Bathrooms: 1
• Main Level Bathrooms: 1.00
• Main Level Full Bathrooms: 1

Exterior Features

• Other Structures: Above Grade
• Construction Materials: Stick Built, Vinyl Siding
• Exterior Features: Outside Shower
• Roof: Shingle, Asphalt
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: Off Street, Driveway

Utilities

• Central Air Conditioning: Yes
• Cooling Fuel: Electric
• Cooling Type: Central A/C, Heat Pump(s)
• Heating Fuel: Electric
• Heating Type: Heat Pump(s)
• Heating: Yes
• Hot Water: Electric
• Sewer/Septic System: Public Sewer
• Water Source: Public

Condo/Co-op/Association

• Condo Co-Op Association: Yes
• Condo Co-Op Fee: 297.00
• Condo Co-Op Fee Frequency: Monthly
• Condo Co-Op Name: Bay Road Cottages
• HOA Condo Co-Op Amenities: Laundry Facilities, Common Grounds
• HOA Condo Co-Op Fee Includes: Common Area Maintenance, Laundry, Trash, Snow Removal, Road Maintenance, Lawn Maintenance, Insurance, Ext Bldg Maint
• HOA: No
• Senior Community: No
• Association Recreation Fee: No

Schools

• School District: CAPE HENLOPEN
• School District Key: 300200396895
• School District Source: Listing Agent

Lot Info

• Lot Features: Cleared
• Outdoor Living Structures: Porch(es), Screened
• Property Condition: Excellent
• Zoning: GENERAL RESIDENTIAL
• In City Limits: No

Rental Info

• Furnished: Yes
• Pets: Dogs Ok, Cats Ok
• Pets Allowed: Yes
• Total Actual Rent: 45000.00
• Vacation Rental: No
• Property Manager: Yes

Tax Info

• School Tax: 215.34
• School Tax Pymnt Freq: Annually
• Tax Annual Amount: 237.80
• Assessor Parcel Number: 334-19.12-23.00-5
• County Tax Payment Frequency: Annually
• Tax Year: 2021
• Close Date: 11/05/2021

MLS Schools

• School District Name: CAPE HENLOPEN