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202 Chesapeake StDewey Beach, DE 19971Price: $1,199,000

  • Price: $1,199,000
  • Est. Mortgage of $/month
  • 56 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 3.13% last updated on Apr 8, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,199,000List Price
  • 5Bedrooms
  • 4Bathrooms
  • 0.11Acreage
  • 1967Year Built
  • 1545Square Feet

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"Chesapeake on Lake Comegys" a waterfront treasure, comes furnished and ready for immediate Lake/Ocean life living! Take in the BEST views from this location! This original cottage is conveniently located between Rehoboth and Dewey Beach and is a hidden gem. The home features a freshly painted living /dining area that overlooks Lake Comegys and is surrounded by nature. Bring in natural light and the sound of the majestic Atlantic in the distance with Lake Comegys as your backdrop. You won't find a better location! Features: Four bedrooms, 2.5 baths, an additional bedroom with private bath and convenient separate entrance on the lover level. Sleeps up to 12 comfortably! There is plenty of space inside and out; watch premier sunrises and evening sunsets every day as soon as you buy! The large, screened porches -a must to enjoy the fabulous views along with comfy seating for lounging after a day on the beach. The outdoor area offers an enclosed but open-to-the-sky outside shower, grill, and dining area on a private deck. Launch a kayak, relax on your pier as you take witness to cranes, egrets, ducks, and more! Create your best memories with friends and family, take advantage of the rental potential ($4,000-week, peak weeks), enjoy the perks of owning a ground lease like this (many tax write offs for renting). Super dog friendly area, especially on the beach. Easy proximity to restaurants and nightlife of downtown Dewey Beach-just a short walk south. Heading north by bike or Trolley ride: for Rehoboth's shops, restaurants and nightlife- the walk is scenic -Silver Lake in downtown Rehoboth, the mile long boardwalk, and more. Booked rentals are: July 17-24th, July 24-31, August 7-21. Highest rate: $4100 week, off season Sept-Nov $2500. Highest potential $50,000 GRI, more if fully renovated. Lease expires in December 31, 2072. 2020 amount: $17,777. Owner does not carry flood insurance; Lender likely to require Flood Insurance. Homeowners is with Williams Insurance agency: $1,227 year.

Property Details of 202 Chesapeake St

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Listed by TRACY KELLEY of Jack Lingo - Rehoboth

Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Real McCoy Team | Coldwell Banker Residential Brokerage participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated April 12, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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