Skip To Content

    202 Chesapeake Street

    DEWEY BEACH, DE 19971
    • $1,199,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: DESU177260
    $1,199,000
    • 5
      BEDS
    • 0.11
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    • 1,545
      SQFT
    • $776
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1967
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    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 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.

    Monthly Payment Calculator



    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-20T23:52:13.287.
    www.saillakerealty.com/homes/114252310
    Print Image

    202 Chesapeake Street DEWEY BEACH, DE 19971

    • Price: $1,199,000
    • Status: Active
    • ID#: DESU177260
    5
    Beds
    3
    Baths
    1
    ½ Baths
    0.11
    Acres
    1,545
    SQFT
    $776
    $/SQFT
    1967
    Built
    Neighborhood:
    Rehoboth By The Sea
    County:
    Sussex
    Area:
    Lewes Rehoboth Hundred (31009)
    Elementary School:
    Rehoboth
    Middle School:
    Beacon
    High School:
    Cape Henlopen
    School District:
    Cape Henlopen
    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 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

    Architectural Style CoastalCottage Construction Materials FrameBlockMixedWood Siding Direction Faces North Distance To Body Of Water 1 Docks 1 Exterior Features Bbq GrillOutside ShowerSecure Storage Garage YN No Location Type Lake Lot Features ClearedPrivateRear YardSecluded Other Structures Above GradeBelow Grade Parking Features Crushed StonePrivate Parking Types Driveway Patio And Porch Features Deck(S)Patio(S)Porch(Es)Screened Pool No Pool Property Condition Very GoodGood Riparian Rights YN No Road Responsibility Easement/Right Of Way Road Surface Type Gravel Roof Unknown Slips 0 Soil Types Sandy View Lake Water Access Features Canoe/KayakPrivate Access Water Access YN Yes Water Body Name Lake Comegys Water Body Type Lake Water Oriented YN Yes Water View YN Yes Waterfront Features Private Dock Site Waterfront YN Yes

    Interior Features

    Above Grade Fin SQFT 0 Appliances DishwasherDryer - ElectricMicrowaveOven/Range - ElectricWasherWater Heater Basement DaylightPartialOutside EntranceWindows Basement YN Yes Below Grade Finished Area 1545 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions To Be Provided- A Few Dressers And Artwork Fireplace YN Yes Fireplaces Total 1 Flooring HardwoodCarpet Furnished Partially Heating Central Heating YN Yes Inclusions Sold Mostly Furnished Interior Features Breakfast AreaBuilt-InsDining AreaEntry Level BedroomFamily Room Off KitchenExposed BeamsFloor Plan - OpenKitchen - Table SpacePantryStall ShowerUpgraded CountertopsWood Floors Laundry Type Main Floor Levels 2 Main Level Bedrooms 2 Pets Allowed Dogs Ok Security Features Smoke Detector Upper Level1 Bedrooms 2 Walls Ceilings Beamed CeilingsWood Ceilings

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features Low Pile Carpeting Assessment Year 2020 Association YN No Building Name None Available Central Air YN Yes Condo YN No Cooling Fuel Electric Electric Circuit Breakers Federal Flood Zone Ae Federal Flood Zone YN Yes Foundation Details Pilings Heating Fuel Propane - Leased Hot Water Electric Internet Services Cable Navigable Water YN N New Construction YN No Original MLSNumber 304472931537 Ownership Interest Land Lease Pets Allowed YN Yes Possession SettlementSubject To Existing Lease Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 705.40 Tax Lot 8 Total Actual Rent 45000.00 Transportation Bus Stop Less Than 1 Mile Utilities Cable TvElectric AvailablePhonePropaneSewer AvailableWater Available Vacation Rental YN Yes Water Source Public Window Features Sliding Zoning Tn Zoning Description Town Codes

    Listing courtesy of Jack Lingo - Rehoboth.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-20T23:52:13.287.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_3_304472931537-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_3_304472931537-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_3_304472931537-2.jpg
    Logo
    Sail Lake Realty
    620 South White Horse Pike
    Hammonton NJ, 08037