20 SPINNING WHEEL LANE , REHOBOTH BEACH

This home is "beach cottage" cute on the interior, plus it has recently had upgrades to the exterior, which include new vinyl siding, an A-frame roof, gutters with gutter guards, and the crawlspace has been fully re-conditioned with new insulation and belly wrap (vapor barrier). The owners also added a 10'x20' screened porch and an 8'x8' shed. Inside you’ll find laminate flooring and ceiling fans in every room. The spacious living room adjoins the eat-in kitchen. The kitchen has newer cabinets and "hi-def" countertops; and the stainless steel appliances are only a few years old. The main bedroom is to the rear of the home. It is right next to the remodeled full bath, which has a large fiberglass stall shower. The hall laundry area has a full-size washer & dryer with newer overhead cabinets. The other two bedrooms are down the hall from the main bedroom. Being offered mostly furnished with a few exclusions. Colonial East is located in the "Midway" area of Rehoboth, so you'll be an equal distance - about 4 miles - to the Rehoboth boardwalk or the Lewes public beaches! And there is a water park, movie theatre, fitness center with racquetball, and restaurants all within walking distance of the community. Property is subject to a transferrable, annually-renewable leasehold interest: Lot Rent is currently $599.04/mt. (renews August 1, 2024 with any increase based on DE Code Title 25, Chpt 70, Sec 7050-7053). Lot rent includes membership to the outdoor pool, seasonal lawn maintenance, and trash/recycle service. Buyer pays electric, water, sewer & metered gas (LP). Two pets are allowed - NO breed restrictions. A Park application is required, and a Buyer will be accepted as a Resident based on the following criteria: 1.)income verification, 2.)credit bureau score, plus evaluation of debt-to-income ratio, and 3.)criminal background check. (Note: Rentals are NOT permitted in this community - but friends & family may always visit.) Financing may be available to qualified borrowers from only a very few Lenders that specialize in installment/chattel loans for mobile homes on leased land. Closing costs will include 3.75% DMV Doc Fee & Settlement Agent