MLS # DESU177260
202 chesapeake st, Dewey Beach, DE 19971
$1,250,000
Single Family Home
"Chesapeake on Lake Comegys" a waterfront treasure, comes furnished and ready for immediate Lake/Ocean life living! Take in the BEST views from this location! This original cottage is conveniently located between Rehoboth and Dewey Beach and is a hidden gem. The home features a freshly painted living /dining area that overlooks Lake Comegys and is surrounded by nature. Bring in natural light and the sound of the majestic Atlantic in the distance with Lake Comegys as your backdrop. You won't find a better location! Features Read More
Property Summary
Status:
Active
MLS #:
DESU177260
Street Address:
202 Chesapeake St
City, State Zip:
Dewey Beach, DE 19971
County:
Sussex
Community:
Rehoboth By The Sea
Type:
Single Family Home
Area:
1,545 Sq Ft
Price
$1,250,000
Beds:
5
Baths:
3 Full / 1 Half
Garage:
0
Year Built:
1967
# of Stories:
2
Style:
Coastal, Cottage
Ground Rent:
$4,294 (Quarterly)
Property Description
"Chesapeake on Lake Comegys" a waterfront treasure, comes furnished and ready for immediate Lake/Ocean life living! Take in the BEST views from this location! This original cottage is conveniently located between Rehoboth and Dewey Beach and is a hidden gem. The home features a freshly painted living /dining area that overlooks Lake Comegys and is surrounded by nature. Bring in natural light and the sound of the majestic Atlantic in the distance with Lake Comegys as your backdrop. You won't find a better location! Features: Four bedrooms, 2.5 baths, an additional bedroom with private bath and convenient separate entrance on the lover level. Sleeps up to 12 comfortably! There is plenty of space inside and out; watch premier sunrises and evening sunsets every day as soon as you buy! The large, screened porches -a must to enjoy the fabulous views along with comfy seating for lounging after a day on the beach. The outdoor area offers an enclosed but open-to-the-sky outside shower, grill, and dining area on a private deck. Launch a kayak, relax on your pier as you take witness to cranes, egrets, ducks, and more! Create your best memories with friends and family, take advantage of the rental potential ($4,000-week, peak weeks), enjoy the perks of owning a ground lease like this (many tax write offs for renting). Super dog friendly area, especially on the beach. Easy proximity to restaurants and nightlife of downtown Dewey Beach-just a short walk south. Heading north by bike or Trolley ride: for Rehoboth's shops, restaurants and nightlife- the walk is scenic -Silver Lake in downtown Rehoboth, the mile long boardwalk, and more. Booked rentals are: July 17-24th, July 24-31, August 7-21. Highest rate: $4100 week, off season Sept-Nov $2500. Highest potential $50,000 GRI, more if fully renovated. Lease expires in December 31, 2072. 2020 amount: $17,777. Owner does not carry flood insurance; Lender likely to require Flood Insurance. Homeowners is with Williams Insurance agency: $1,227 year.Property Details
Bedrooms
Total Bedrooms:
5
BATHROOMS
Bath - Full:
3
Bath - Half:
1
Total Baths:
4
KITCHEN & DINING
- Breakfast Area
- Built-Ins
- Dining Area
- Entry Level Bedroom
- Family Room Off Kitchen
- Exposed Beams
- Floor Plan - Open
- Kitchen - Table Space
- Pantry
- Stall Shower
- Upgraded Countertops
- Wood Floors
OTHER ROOMS
Basement:
Daylight, Partial,Outside Entrance,Windows
Total Rooms:
0
INTERIOR FEATURES
- Breakfast Area
- Built-Ins
- Dining Area
- Entry Level Bedroom
- Family Room Off Kitchen
- Exposed Beams
- Floor Plan - Open
- Kitchen - Table Space
- Pantry
- Stall Shower
- Upgraded Countertops
- Wood Floors
Flooring:
Hardwood, Carpet
Security and Fire:
Smoke Detector
Furnished:
No
Accessibility:
Low Pile Carpeting
Elevator:
No
Extra Unit:
extraunitdescription
APPLIANCES
- Dishwasher
- Dryer - Electric
- Microwave
- Oven/Range - Electric
- Washer
- Water Heater
HEATING & COOLING
Cooling:
Central A/C
Heating:
Central
Fireplace:
Yes
UTILITES
- Public
- Public Sewer
POOL & SPA
Pool: None
BUILDING & CONSTRUCTION
Style:
Coastal, Cottage
Floors:
2
Construction Type:
Pilings
Exterior Type:
Frame, Block, Mixed, Wood Siding
Foundation:
Pilings
Roofing:
Unknown
EXTERIOR & LOT FEATURES
- BBQ Grill
- Outside Shower
- Secure Storage
Views:
Yes - Lake
Lot Description:
Cleared, Private, Rear Yard, Secluded
Porch And Patio And Deck:
Deck(s), Patio(s), Porch(es), Screened
Lot Sq Ft:
5000
Lot Size:
50.00 x 100.00
WATERFRONT & WATER ACCESS
Waterfront Description:
Lake
Waterfront:
Yes
GARAGE & PARKING:
# of Garage Spaces:
0
Parking:
Driveway Crushed Stone, Private
SCHOOL INFORMATION
School District:
Cape Henlopen
OTHER PROPERTY INFO
City:
Dewey Beach
Area:
Lewes Rehoboth Hundred (31009)
Subdivision:
Rehoboth By The Sea
In City Limits:
Yes
Map Section:
East of Rt 1
New Construction:
No
Historic Distict:
No
Last Price Change:
02/15/2021 12:54:15
# of Day on Market:
12 Days
FINANCE INFO
List Price:
$1,250,000
Annual Property Tax:
$705
HOA Fees:
$0
Condo Fees:
$0
Ground Rent:
$4,294 (Quarterly)
Financing Type:
Conventional, Cash
LISTING FIRM
Listed By:
Jack Lingo - Rehoboth
ASK A QUESTION
Call us at 302-344-9002 or use the form below to contact us regarding this property or to request a private showing.
