10 PILOT POINT #10B
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Dec 16, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Listed by Patterson-Schwartz-Hockessin | $1,550,000 | |
| Listed by Patterson-Schwartz-Hockessin | |||
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Looking for a New Beach Home for the Holidays? Rarely Available on the MLS, here's your chance to own beachfront property in the fantastic Lewes community of Pilot Point! As soon as you step inside, you'll know this home has been loved, well maintained, and tastefully updated by its original owner. A Complete Main Level Renovation in 2007 expanded the kitchen, added a full bath, and enclosed the screened porch, adding significantly to the interior living space. Quality is evident throughout the Custom Gourmet Kitchen, featuring Brazilian cherry cabinetry, double ovens, beautiful granite and tile, built-in pantry with pull out drawers, an extra bar sink, a peninsula with extra seating options, and many more thoughtful details and upgrades! Gorgeous hardwood flooring flows throughout the kitchen and large living room, leading to the open dining area/sunroom with tile flooring, sliding glass door, and walls of windows for amazing beach and water views throughout the main level. This living area is completed by a charming front porch, foyer with coat closet, convenient washer/dryer, updated full bath with shower, and an outside staircase that leads straight to the beach in your backyard! Upstairs, the primary bedroom features its own updated full bath with linen closet, ceiling fan, walk-in closet, sitting area, and sliders that lead to a private 15" x 9'6' balcony overlooking the beach and bay. Imagine relaxing from morning to evening, beachfront dining any time of day, watching the boats sail by and enjoying magnificent sunsets over the bay! Completing the upper level are two additional nicely sized bedrooms, a hallway with linen closet, and another beautifully updated full bath with tub/shower. Ideally located between the town of Lewes and Cape Henlopen State Park, just hop on your bike and ride the trails throughout Lewes or to Rehoboth Beach. Don't miss the chance to make this your own beach getaway, excellent rental property, or primary home on the bay!!!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/26/2024
|
3 Bed
|
3 Bath
|
1550 ft²
|
$1,600,000
3 Bed
3 Bath
1550 ft²
|
$1,485,000
-7.19%
03/03/2025
|
Deborah Baker
Patterson-Schwartz-Hockessin
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017