FIRST 2012 CLOSING IN NORTH REHOBOTH - SINGLE FAMILY HOME

Yippee.....17 Lake Avenue closed on the 17th after 549 days on the market.  It originally listed for $1,880,000 and closed for $1,200,000 plus the Seller kicked in $50,500 in closing costs netting the property down to $1,149,500.  17 Lake Ave. is a 5 bedroom, 5 bath two story contemporary very close to the beach with a separate studio/workshop and "spacious courtyard with boardwalk area - ideal for outside entertaining, meticulously maintained, a genuinely cared for and loved home".  It sits on a standard 50 x 100 foot lot.  There are seven more under contract waiting to close.  Should be a good first quarter for North Rehoboth.