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$535,000

Beds
3
Baths
2.0
sq ft
1,600

110 Paynter Ln, Rehoboth Beach, DE 19971

110 Paynter Ln

REHOBOTH BEACH, DE 19971

  • 53 days on market
Looking for LOCATION and a great investment property….well then you just got lucky! This charming 1600+ square foot home has just been beautifully updated is FULLY furnished and it can be yours! Located in a quaint neighborhood it is the perfect place to live or just visit to enjoy all that Rehoboth Beach has to offer. You are literally steps away from Tanger Outlet shopping, restaurants, public transportation, and just under 4 miles to feel the sand between your toes on the beach. With no HOA restrictions to stand in your way, this home would also make the perfect investment to add to your rental portfolio as an Air-BNB. Some updated features are as follows. All new kitchen with solid wood cabinets, granite countertops, stainless steel appliance, fresh paint throughout, new bathroom, shiplap walls, all new lighting, electric linear fireplace and so much more. The cozy sunroom at the rear of the home is a great place to curl up with a book or enjoy your morning coffee and birdwatch. After the beach, the fenced in backyard is the place to be. Throw those steaks on the grill and relax on the deck or around the firepit. There is plenty of room for that cornhole enthusiast or to even add a swimming pool. Seller is offering a 1 year Home Warranty. Rental history available upon request. Why buy a cramped condo with all those rules and monthly fees when you can own your own detached “slice of heaven” with a great location. What are you waiting for…schedule your showing now!

Details

Property type

Single Family Residence

Est. home value

$386,614

Lot size

8,276 sq ft

Price per sq ft

$335

Year built

1972

Annual property taxes

$633

HOA

No

Price History

05/10/2024

Bright #DESU2062264

Listed
$535,000
+35.44%
02/09/2024

Bright #DESU2051692

Sold
$395,000
+17.21%
07/09/2021

Bright #DESU183530

Sold
$337,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CAPE HENLOPEN

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$173,240
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$318,960
Cash to seller
$173,240

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

February 2023

Original loan amount

$324,000

Est. remaining balance

$318,960

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Glen Goleburn

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/02/2024 at 7:40 PM

Listing updated: 05/30/2024 at 8:23 AM

Listed by: Theresa Ann Cappuccino, SEA BOVA ASSOCIATES INC. Phone #: (302) 227-1222

MLS: Bright #DESU2062264

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