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Independence Day Pick-Rare Estate in Rehoboth

Independence Day Pick-Rare Estate in Rehoboth

Check out this special summer holiday edition of the Cribline’s, featuring the House Pick of the Week in Rehoboth Beach, Delaware.   This beautifully secluded one-of-a-kind lakefront home in The Pines located at 80 Oak Ave., features four bedrooms, three and one half bathrooms, two sunrooms, formal dining room, and a great room with vaulted ceiling.

Other amenities include an office, a library, full attic, basement, space for eight to ten cars, and a two-car detached garage. Enjoy entertaining in the gazebo and spacious yard with evening walks through your own wooded area leading to Lake Gerar.

This home can be expanded to or replaced with a 6,000 sq. ft. home. Located only two blocks to the beach, there is not another property like this available on the entire coastline of Delaware. It’s truly one of a kind.  Call to schedule an appointment to view this amazing property.

It’s just on the market for $2,769,000.  See how much this would cost in the Cribline math analysis below.

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Cribline Math Analysis:

With 20 percent down on $2,769,000 of $553,800, the mortgage would be $2,215,200.  At an estimated 3.75 percent interest rate fixed for 30 years, the gross payment would be about $12,500.  After tax deductions, the net payment would be about $8,750 per month.

Happy vacation house hunting in Rehoboth Beach, Delaware!

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