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92 Sussex Street
Rehoboth Beach, DE 19971
$2,695,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3165
Property Description
Welcome to the essence of casual coastal charm and versatility in the heart of “The Pines” neighborhood of downtown Rehoboth Beach! Nestled on a serene 50 x 100 parcel just one block north Rehoboth Avenue, this unique offering presents a blend of classic Nantucket style and modern functionality in two distinct cedar shingle style dwellings. Twice featured on the Rehoboth Art League house tour in 2008 and 2016, being sold fully furnished. The main attraction is an impressive three-story residence known as “Tucked Away,” featuring 4 spacious bedrooms and 3.5 bathrooms. From the inviting facade adorned with crisp white trim and charcoal black shutters to its roomy interior, every detail says welcome home. Step inside to discover a thoughtfully designed floor plan that seamlessly integrates comfortable living spaces with timeless architectural elements. Walnut and bluestone floors, coffered ceilings, custom built-ins, and classic moldings throughout create an atmosphere of warmth and sophistication. The heart of the home lies in its gourmet kitchen, complete with stainless appliances, custom cabinetry, honed granite counters, and a tiger maple island perfect for entertaining. Adjacent dining and multiple living areas offer effortless flow for hosting intimate dinners or lively gatherings. Level two is host to the bright and spacious primary suite with vaulted ceilings and exposed beams, a comfortable sitting area, ensuite tile bath, and custom closet. On this level, you will also find a laundry room, custom tiled hall bath with a jetted tub and separate shower, and 2 additional guest bedrooms. The 4th bedroom, loft entertainment area, and 3rd full bath can be found on the third level. The appeal of this property doesn’t end there. An additional 2 bedroom, 2 bath historic cottage, built circa 1930, is also nestled on this property. Renovated in 2005, this charming cottage offers additional accommodation options or income potential with its own separate entrance and amenities. Whether utilized as a guest suite, home office or rental opportunity, this versatile space adds value and flexibility to the property. This unique property offers easy access to Grove Park, the Rehoboth Farmers’ Market, vibrant dining, shopping, and entertainment scene, as well as its pristine beaches. With two rental licenses, the potential for investment income is excellent, making this a rare opportunity not to be missed!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
DESU2057854
Location
Address
92 SUSSEX STREET
City
REHOBOTH BEACH
State
DE
Zip Code
19971
County
SUSSEX
Listing
Provider
Jack Lingo Realtor, Inc., original listing
Name
Jack Lingo Realtor, Inc.
Phone
(302) 227-3883
Office Name
Jack Lingo - Rehoboth
Office Phone
(302) 227-3883
Agent Name
SHAUN TULL

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.