2 Coventry Ln, Lewes, DE 19958

Description

Sussex East/West is a leased-land, 55-plus* community (*up to 20% of owners may be younger than 55-years-old). Sussex East is located approximately 5.5 miles from the Lewes public beach, with the Cape Henlopen State Park beaches...and the famous Rehoboth Beach. Welcome to this 1993 double wide manufactured home sitting on a nice corner lot. 3 bedrooms 2 full baths all on one floor for ease of living. The open concept living room with vaulted ceiling offers a corner wood burning fireplace, (sellers have never used ). The dining room has a patio door leading to the rear deck with an access ramp. The kitchen has plenty of cabinet space and includes all the appliances. This home has a newer natural gas furnace with central AC, updated windows and a newer primary bath shower stall. There is a nice shed with 2 smaller storage units to keep all your extra items. The screened porch is a great place to relax and enjoy the outdoors. Two pets are allowed in Sussex East, and they have a fenced dog park near the community’s indoor salt-water pool. New pickle ball court, too. (Note: Family & friends may always visit, but rentals are NOT permitted in this community).
Leasehold Interest with Lot Rent of approx. $1057/month (Leases renew annually with any increase capped as per 25 Del. C. Ch. 70). The Community Owner requires an Application from the Buyer and all occupants 18-years-of-age or older, with acceptance in the community based on: 1)income verification, 2)Credit bureau score (including debt-to-income ratio), and 3)Clean criminal background check. Leased land properties do not meet the requirements for conventional 30-year mortgages, but financing may be available to qualified borrowers from a few Lenders that specialize in installment/chattel loans for manufactured homes on leased land. Buyer will have a real estate transfer tax (3.75% DMV Doc Fee) as part of their closing costs & a settlement agent fee.boardwalk...not much farther away. This community has a unique location with access to the State Park’s hiking/biking trail via the trail head on Minos Conaway Rd.