REHOBOTH BEACH rent to own home - a mobile or manufactured home (3 beds, 1 baths)

This is not a list price. This is an estimate price for the property provided by FirstAmerican. Please note that this is only an estimate and should not be taken as fact or advice. When a list price becomes available we will publish it and along with changes to the contact information.Estimated Value: $174,166
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This 1977 home features a delightful enclosed porch with classic jalousie windows. Inside youll find that the living room opens to the eat-n kitchen, which has a breakfast bar and space for a dinette set. The kitchen appliances include a gas range, range hood, fridge, and a microwave. The main bedroom is at the rear of home next to the full bath in the hall, which has a tub/shower. The other two bedrooms are to the left of the laundry area in the hall. The laundry includes a Kenmore washer and dryer. Theres a patio area next to the shed. 100amp/220v electric service (Delmarva Power). Metered LP gas for the range and furnace. Newer AC (approx. 2021-2022). Furnished/Turn-Key with some exclusions. 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 beach! And there is a water park, movie theatre, fitness center with racquetball, and restaurants just a short distance from the community. Property is subject to a transferrable, annually-renewable leasehold interest: Lot Rent is currently $619.11/mt. (renews again on December 1, 2025 with any increase capped as per 25 Del. C. Sec. 7050-...

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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Property Brokerage: SEA BOVA ASSOCIATES INC.

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