20545 Annondell Drive, Lewes, De 19958 | $430,000

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Property Details

Beach convenience, stunning curb appeal and an open floor plan awaits you in Harts Landing. The stately stone accents and inviting front porch will welcome you while the gleaming hardwood floors, cathedral ceilings, soaring windows and architectural
  • MLS Number: 727565
  • Status: Active
  • Price: $430,000
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Harts Landing
  • School District: Cape Henlopen
  • Square Footage: 3,048
  • Year Built: 2008
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $1,657
  • Association Fee: $2,148
  • Water Fee: $1,200
  • Furnished: No
  • Lot Square Feet: 13,504
  • Lot Size Acres: 0.31
  • Lot Description: Cleared, Landscaped
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Bike Trail, Jog/Walk Path, Lawn Care, Pier/Dock, Pool-Outdoor, Sidewalks, Tennis - Outdoor, Water/Lake Privilege

Interior Features

  • Kitchen: Breakfast Bar, Countertops - Granite
  • Fireplace: Gas
  • Heating: Forced Air, Gas - Propane, Multi Zone
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood, Tile
  • Security: Monitored System, Security System
  • Appliances: Cable TV Pre Wired, Cooktop, Dishwasher, Dryer-Electric, Exhaust Fan, Extra Fridge/Freezer, Fridge w/Ice Maker, Garage Door Opener, Microwave, Oven-Double, Oven-Self Cleaning, Oven-Wall, Washer, Water Heater Electric
  • Interior Features: Bedroom-Entry Level, Cable TV Prewired, Ceiling Fan(s), Fireplace-Gas, Insulated Door(s), Insulated Window(s), Insulation, MBED-Full Bath, MBED-Separate Shower and Tub, Screen(s)

Exterior Features

  • Style: Contemporary
  • Construction Type: Stick/Frame
  • Exterior Type: Stone, Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Slab
  • Garage: Attached
  • Garage Size: 2
  • Parking: Garage, Garage Door Opener
  • Porch/Deck/Patio: Porch - Front
  • Exterior Features: Irrigation System

Listing Courtesy of OCEAN ATLANTIC SOTHEBY'S INTL REALTY

Keep Your Options Open When Buying a House in Lewes

Recently, the National Association of Realtors® reported the largest number of existing home sales since February 2007— and I expect we will see similar results when this year’s final numbers come in. With more individuals looking to enter (or re-enter) the real estate market, buying a house in Lewes can be expected to continue to be newly competitive.

That does not mean that you should adopt a defensive mindset. Even after finding what looks like a great deal on a seemingly terrific home, it’s wise to keep an eye out for unexpected developments that could make it necessary to walk away from the deal. Some of the situations that usually don’t (but still can) trigger that option:

If the Delaware home inspection uncovers issues that you didn’t know existed, you have several options. The seller may offer to pay for needed repairs, or add a credit at closing. Depending on the extent of the problem, it’s sometimes wiser to simply take the credit and avoid complex amendments that could overcomplicate the contract. But if the seller refuses any concessions, it could be that you won’t be buying a house as quickly as hoped.

A mortgage can fall through unexpectedly. An abrupt change in employment, credit downgrade, or if the bank has trouble verifying income, an underwriter may back away from the table. Most often, financing contingencies in the paperwork will allow you to walk away from the deal.

An unexpectedly low appraisal can make buying a house financially unworkable. When a home appraises for less than the agreed-upon selling price, the bank will not finance. This means the seller will either have to lower his price, or you as the buyer will need to come up with additional cash to cover the difference. You may believe the appraisal is not a fair measure of the property’s true worth (at least to you) — but remember that should you later wish to sell, the next appraisal may not be much higher. In all cases, whenever you contemplate buying a house in Lewes, I’m here to help you reach smart long-term decisions. 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.

A Delaware Real Estate Investment's Big 4 Advantages

When you see any title here containing the words “Delaware Real Estate Investment,” you won’t be terribly surprised if the gist turns out to be what a good idea! When you’ve had the experience of seeing clients succeed with many real estate investment projects, it’s an unavoidable conclusion. Unfortunately, also pretty yawn-worthy.

That’s why I was pleased to come across Grant Cardone’s piece in Entrepreneur magazine. We all like to see our opinions agreed with—but doubly so when you’re offered specifics that bolster your own conclusions. The article listed reasons why real estate investments are “your smartest investment.” Here are some of them:

  1. A real estate investment is a hedge on inflation. Inflation hasn’t been hugely important for a while, but serious investors have an eye out for the possibility. When you dig down, you find that real estate investments have “historically shown the highest correlation to inflation” of other major asset classes.
  2. Real estate investments enable positive cash flow. This was Entrepreneur's number one reason. Having an investment which throws off cash while building equity at the same time is any smart investor’s ideal situation. When a Delaware real estate investment produces an income stream that is significantly higher than the typical stock dividend, what investor wouldn’t be interested?
  3. Leverage. A typical Delaware real estate investment makes it relatively easy “to place debt on the asset” because of its built-in collateral value. Entrepreneur offered some math to back up the way low-cost debt works to multiply a real estate investor’s power.
  4. Maximizing tax benefits. Taxes can be the bane of any investor—so real estate provisions that lighten the load can be significant factors influencing your bottom line.

Those are four solid advantages of the eight detailed in Cardone’s article. The last reason was less demonstrable but, IMHO, just as real:

  • Feeling the pride ownership” (no further explanation necessary).

If you are an investor who is beginning to look over the year’s performance and thinking about how you want 2017 to look, I hope you’ll do two things. First: take a serious look at whether a Delaware real estate investment might make a smart addition to your current portfolio. Second: call me! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com