Description

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. This home has been nicely updated & is “beach cottage cute.” Newer roof, newer replacement windows, newer HVAC, newer flooring, updated electric panel, updated baths & more! Living room adjoins the kitchen. The kitchen has a breakfast-bar island. The appliances include a fridge, dishwasher, gas range & a built-in microwave. Split bedroom plan. The front bedroom is en Suite. That bath has a stall shower. The larger back bedroom is near the second full bath, which has a step-in shower. Hall laundry area with a full-size, side-by-side washer & dryer. Being offered mostly furnished with few exclusions. Patio. Shed. Property is subject to a transferrable, annually-renewable leasehold interest: Lot Rent is currently $565.61/mt. (renews annually on July 1st with any increase capped as per 25 Del C Sec 7050-7054). Lot rent includes membership to the outdoor pool, seasonal lawn maintenance, and trash/recycle service. Buyer pays electric, water, sewer & metered gas (LP). 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