107 London Circle S, Rehoboth Beach, De 19971 | $935,000

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Property Details

STUNNING VIEWS OF REHOBOTH BAY!!! Private spa-like sundeck facing the bay..relax in the hot tub and enjoy the privacy! NO TRAFFIC OR CROWDS!!! Peaceful living at the beach! Built by the Seller and enjoyed as a second home. Beautiful hardwood fl
  • MLS Number: 722426
  • Status: Active
  • Price: $935,000
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Rehoboth Beach Yacht And CC
  • School District: Cape Henlopen
  • Square Footage: 3,500
  • Year Built: 2002
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Stories: 3
  • New Construction: No
  • County Taxes: $2,533
  • Association Fee: $175
  • Water View: Bay
  • Furnished: No
  • Lot Square Feet: 29,155
  • Lot Size Acres: 0.67
  • Lot Description: Landscaped, Partially Wooded
  • Water: Public Central Water
  • Sewer: Public Central Sewer

Interior Features

  • Kitchen: Eat In
  • Fireplace: Gas
  • Heating: Heat Pump(s), Multi Zone
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood, Tile
  • Basement: Basement - Full Finished
  • Attic: Access Only
  • Appliances: Dishwasher, Disposal, Dryer-Electric, Fridge w/Ice Maker, Microwave, Oven/Range Electric, Washer, Water Heater Electric
  • Interior Features: Ceiling Fan(s), Fireplace-Gas, MBED-Full Bath, Hot Tub/Spa, Walk-In Closets

Exterior Features

  • Style: Coastal,Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Wood
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Parking: Driveway/Off Street
  • Porch/Deck/Patio: Deck - Rear, Porch - Enclosed, Porch - Screened
  • Exterior Features: Hot Tub/Spa

Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH

How-to Books Can’t Guarantee Rehoboth Beach Real Estate Agent

 

There is an interesting theory about why some Rehoboth Beach real estate agents complete so many more home purchases than do others. It isn’t that ‘success breeds success’ (although the thing we call “momentum” is certainly real enough). It has to do with being able to harness two somewhat opposing character traits.

In any business, there seldom seem to be any irrefutable rules that guarantee prosperity…or if they do crop up from time to time, they don’t work for long. Since that’s the case, it’s odd that there are so many best-sellers proclaiming roadmaps to success. If all those books were simply rip-offs, you would think they’d quickly develop a backlash (which would kill the market for books about succeeding in business).

I’d be willing to bet that the answer lies in the commitment it takes to buy and read the book in the first place. If you don’t finish it, you feel guilty enough that you won’t blame the author. If you do finish the book, you probably already possess the energy and stick-to-it-ness that means you’re more likely to succeed in the first place.

That self-validating quality applies to Rehoboth Beach real estate agents—and most of us would probably place it at the top of the list of what makes a good agent: Persistence. Dogged single-mindedness. Tenacity. They’re traits that true go-getters possess. Those are attributes that don’t reward only real estate agents: they apply in any walk of life. Leaders tend to have them. When others falter, lose faith, or simply run out of steam, success can result from nothing more than simply not giving up.  

So what’s the ‘contrary’ attribute that doesn’t automatically belong with that first one? It has to do with teamwork. It’s the ability to make the most of the unique role that a real estate agent plays in the ‘team’ that is created with the client—the one who wishes to sell or buy a Rehoboth Beach home.

Being a true team player is what is called for, because an agent is called upon to play multiple roles. Sometimes it is to act as a crew member, whose greatest attribute will be the ability to listen well and follows the direction of the client (the captain). At other times, the agent has to become the functional team leader—the authoritative voice and consensus-maker. That’s often necessary for the many transactional real estate details. Performing both roles with good cheer and equal vigor calls for someone who relishes team collaboration—who enjoys the rewards that go with team membership. It also calls for the kind of flexibility that makes for a great substitute teacher or a great backup player in any sport. Not a character trait that automatically belongs to a never-say-die individual achievement-oriented performer!

I greatly enjoy what I get to do as a Rehoboth Beach real estate professional. It’s a team effort, all right—one that rewards perseverance with the bona fide thrill of a successful closing. If you’ll be making a real estate transition in the coming months, I hope you will consider me for your team!  Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Sussex County Seller Financing: a Powerful Inducement

The recent Mortgage Credit Availability Index shows a slight relaxation in lending standards — but as most Delaware home buyers and sellers will agree, getting a mortgage is still difficult. With mortgage availability benchmarked at 100, although it’s currently at  111 ½, compared with the 800 it stood at in 2007, today’s is still a tough environment.

That’s why Delaware seller financing is being considered by more homeowners. When a home is owned outright, seller financing can draw a higher selling price (with future interest payments as a bonus). But before making such an offer, Delaware homeowners need to consider all of the ramifications: there is more involved than just the assumption of added risk.

Of course, ordering and examining a buyer’s credit report is the starting point. If the story it tells needs too many explanations, it’s time to walk away. Foreclosing on a seller-financed home can be more difficult than through a traditional foreclosure —particularly if the financing documents are substandard.

At first blush, seller financing might seem to simplify the whole transaction, but in fact some details usually handled by a bank must be hammered out:

  • Who will pay for the appraisal; who for the inspection?
  • Who is going to be responsible for property taxes and upkeep?
  • Will the deed be transferred to the buyer right away, or only after the home is paid off? 

Those issues point out why a “handshake deal” can’t be recommended for a Delaware seller financing arrangement. Just consider the last two points: if the deed hasn’t been transferred and taxes are in arrears, whose credit is harmed?

A good attorney will draft an agreement that nails down responsibilities and penalties for a buyer default as well as a detailed payment structure. A well-drafted seller financing agreement protects both parties by preventing misunderstandings and providing an unambiguous inducement for good behavior.

Given the right buyer, clear communicating and a framework cemented by the proper paperwork, Delaware seller financing can provide the missing element that makes a sale possible. If you will be listing your own Delaware home, give me a call /text 302-228-7871 or email me, Russell Stucki, REALTOR® of Beach Real Estate Market to provide detailed information on Delaware homes for sale, investment and commercial properties, luxury and  waterfront homes, condos/townhomes, new construction, lots and land, farms and equestrian properties located in but not limited to Bethany, Bethel, Bridgeville, Dagsboro, Delmar, Ellendale, Fenwick Island, Frankford, Georgetown, Greenwood, Harbeson, Laurel, Lewes, Lincoln, Milford, Millsboro, Millville, Milton, Ocean View, Rehoboth Beach, Seaford, Selbyville, Delaware.