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Coastal living in this lovely 3 bedroom + flex room, 3 and 1/2 bathroom, owner's suite has 2 walk-in closets, a linen closet and the bathroom has a walk-in tub and a huge walk-in shower. The spacious kitchen has soft close cabinets, double wall ovens and a generous walk-in pantry. The powder room can be converted into an elevator for aging in place. A ranch style home with a soaring Great Room ceiling and lots of natural light with a finished recreation room in the basement with a built-in bar, wine cooler, full bathroom and an enormous amount of storage space! The community amenities include a Clubhouse, an outdoor swimming pool, pickleball courts, exercise room and Burton's Pond where you can fish or kayak! Owners are selling this home "As is, " however any warranty is transferable. The dining room chandelier and the three matching pendant lights over the counter are not included in the sale. The battery back-up for the sump pump and the extra refrigerator are not included in the sale. Close to Baywood Greens, the Tanger Outlets in Rehoboth Beach on the Coastal Hwy, the beach and of course Historic Lewes, DE!
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Our Executive Mortgage Banker:
$850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $122 | $122 | $122 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,861 | $4,187 | $5,738 |
| Total Monthly Payment | $4,075 | $4,401 | $5,952 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.