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Listing 5 out of 30
$269,000 For Sale

21 Saulsbury Street
Dewey Beach, DE 19971

7 beds, 4 baths | Single Family Home
2,500 sq ft - MLS# DESU118050
Property Photo
1/35

Description

DO NOT MISS THIS OPPORTUNITY TO PURCHASE ON THE OCEAN BLOCK IN DEWEY BEACH. Two homes on one property, a strong rental history, and major tax savings make this LAND LEASE property a special deal. There are 6 years left on the current land lease (Only $805 a year!) with an opportunity to purchase the land or start a new 60 year lease for $24, 584 annually. Vacation rental income averaging over 59K the past 3 years! Financing is available for buyers looking to purchase the home with a new land lease or purchase the land along with the home. New land lease requires an acquisition fee of of $46, 703.

Features

  • Property Type: Single Family Home
  • Sub Type: Detached
  • Listing Status: Active
  • County/Area: Sussex County
  • Zip Code: 19971
  • Year Built: 1973
  • Subdivision/Neighborhood: Rehoboth By The Sea
  • School District: Cape Henlopen
  • Sq.Ft.: 2,500 sq ft
  • Style: A-Frame
  • Stories: 2 Story
  • Bedrooms: 7
  • Full Baths: 4
  • Baths: 4
  • Zoning: RESIDENTAL
  • Above Grade Fin SQFT: 2,500
  • Above Grade Fin SQFT Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Annual Rental Income: $60000.00
  • Bathrooms Count All Upper Levels: 3
  • Bathrooms Count Main Level: 1
  • Bathrooms Count Upper Level 1: 3.00
  • Bathrooms Full All Upper Levels: 3
  • Bathrooms Full Main Level: 1
  • Bathrooms Full Upper Level 1: 3
  • Bedrooms Count All Upper Levels: 5
  • Bedrooms Count Main Level: 2
  • Bedrooms Count Upper Level 1: 5
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
  • Building Name: None Available
  • Central Air Y/N: Yes
  • Construction Materials: Wood Siding, Stick Built
  • Cooling: Electric
  • Cooling Type: Central A/C, Wall Unit
  • Directions: From Coast Hwy. turn east on to the ocean block of Saulsbury street where the Dewey Beer Co. is located. The house is second house on left.
  • Exclusions: Contents of shed, owners closet, and miscellaneous artwork decor.
  • Flooring Type: Carpet, Hardwood
  • Heating: Electric
  • Heating Type: Central, Baseboard - Electric
  • Heating Y/N: Yes
  • Hot Water: Electric
  • Improvements: Above Grade, Below Grade
  • Inclusions: All Furniture
  • Land Lease Years Remaining: 6
  • Lot Dimensions: 50 x 100
  • Lot SQFT: 5,000
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • Municipality: Dewey Beach
  • Ownership Interest: Land Lease
  • Photo Option: Lister Will Upload All
  • Roof: Shingle
  • SchoolDistrictSource: Listing Agent
  • Sewer Septic: Public Sewer
  • Story List: Main, Upper 1
  • Sussex DE Quadrants: East of Rt 1
  • Tax Annual Amount: 968.0
  • Tax Year: 2018
  • Total Below Grade SQFT Source: Assessor
  • Total Finished SQFT: 2,500
  • Total Finished SQFT Source: Estimated
  • Total SQFT Source: Estimated
  • Type Of Parking: Driveway, On Street
  • Vacation Rental Y/N: Yes
  • Water Source: Public
  • Year Built Source: Owner
Courtesy of 360 Property Solutions

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ErinAnn Beebe

ErinAnn Beebe
RE/MAX Realty Group
Rehoboth Beach, DE 19971

Office: 302-227-4800
Cell: 302-236-9229

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ErinAnn Beebe | Office: 302-227-4800 | Cell: 302-236-9229 | Contact Me
317 Rehoboth Avenue - Rehoboth Beach, DE 19971
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