202 Chesapeake St, Dewey Beach, DE 19971
$1,199,000

MLS#
Desu177260
Price
$1,199,000
Bedrooms
5
Full Baths
3
Half Baths
1
Standard Status
Active
Waterfront
Y

"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 for in place: 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.

Exterior Features


View
Lake
Architectural Style
Coastal, cottage
Construction Materials
Frame, block, mixed, wood Siding
Exterior Features
Bbq Grill, outside Shower, secure Storage
Foundation Details
Pilings
Parking Features
Crushed Stone, private
Outdoor Living Structures
Deck(s), patio(s), porch(es), screened
Roof
Unknown
Water Body Type
Lake

Interior Features


Heating
Central
Heating Fuel
Propane - Leased
Cooling
Central A/c
Hot Water
Electric
Fireplace
Y
Flooring
Hardwood, carpet
Appliances
Dishwasher, dryer - Electric, microwave, oven/range - Electric, washer, water Heater
Basement Type
Daylight, Partial, outside Entrance, windows
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

Additional Details


Elementary School
Rehoboth
High School
Cape Henlopen
Middle School
Beacon
Square Footage
1545
Acres
0.11
Year Built
1967
New Construction
N
Property Type
Residential
County
Sussex
Lot Size Dimensions
50.00 X 100.00
SchoolDistrictName
Cape Henlopen
Sussex DE Quadrants
East Of Rt 1