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1032 APPLECROSS DRIVE
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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.
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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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Listed by Keller Williams Realty | $675,000 | |
| Listed by Keller Williams Realty | |||
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Welcome to 1032 Applecross Drive, an exceptional residence in Middletown's highly sought-after Preserve at Deep Creek, where modern luxury, thoughtful design, and incredible space come together in one unforgettable home. Built in 2022 and offering over 4,450 square feet of beautifully finished living space, this rare opportunity features 6 bedrooms and 5 full bathrooms—a combination seldom available at this price point. From the moment you arrive, impressive curb appeal sets the tone. Stone accents, manicured landscaping, and a spacious two-car garage create a warm welcome before you even step inside. Fresh paint and luxury vinyl plank flooring immediately showcase the home's modern elegance, while the expansive layout offers flexibility for every stage of life. Just off the foyer, a private main-level bedroom suite with a walk-in closet and adjoining full bath creates the perfect retreat for guests, multigenerational living, or a quiet home office. Across the hall, the formal dining room is ready to host everything from holiday celebrations to intimate dinner parties before opening into the true heart of the home. Designed for gathering, the expansive family room is filled with natural light from oversized windows and flows effortlessly into a stunning open-concept kitchen that was built to impress. Crisp white cabinetry, gleaming quartz countertops, a timeless tile backsplash, upgraded appliances, and an oversized center island create a space that is as beautiful as it is functional. Just beyond, a custom butler's pantry and prep area, an oversized walk-in pantry, and abundant storage make everyday living remarkably convenient. Upstairs, a spacious loft offers the perfect second living area—ideal for movie nights, a playroom, homework space, or additional office. The conveniently located second-floor laundry room adds even more practicality to this thoughtfully designed floor plan. The luxurious primary suite is a true sanctuary, featuring two walk-in closets and a spa-inspired ensuite with dual vanities, a beautifully tiled walk-in shower with bench seating, and a private water closet. A second bedroom enjoys its own private ensuite and walk-in closet, while two additional generously sized bedrooms share a beautifully appointed hall bath, providing comfort and privacy for family and guests alike. The finished basement extends the home's versatility even further. Whether you envision a recreation room, home theater, fitness studio, or game room, this expansive lower level delivers. It also includes a sixth bedroom with an egress window and closet, a full bathroom with a walk-in shower, and generous unfinished storage space to keep everything organized. Beyond your front door, The Preserve at Deep Creek offers a lifestyle as impressive as the home itself. Residents enjoy beautifully maintained open green spaces, lawn care and landscaping services, and planned amenities including a clubhouse, fitness center, swimming pool, sports courts, and playgrounds. Directly across the street, Charles Price Memorial Park provides even more opportunities for recreation and outdoor enjoyment. Perfectly positioned in the heart of Middletown, you'll enjoy quick access to everything the area has to offer, including Middletown's vibrant Main Street, Silver Lake Park, Charles Price Memorial Park, The Everett Theatre, Dutch Country Farmers Market, countless restaurants, boutique shopping, and everyday conveniences. Nearby Route 1, Route 301, and Route 896 make commuting to Wilmington, Newark, Dover, and beyond effortless. Offering the rare combination of 6 bedrooms, 5 full bathrooms, over 4,450 finished square feet, modern 2022 construction, and an exceptional location, this home presents an incredible opportunity to own one of the area's most spacious and thoughtfully designed residences. Homes that offer this much space, flexibility, and value are exceptionally hard to find. Schedule your private showing today!
| |||
| Jun 4, 2026 | Listed by Keller Williams Realty | $690,000 | |
| Listed by Keller Williams Realty | |||
| May 1, 2025 | Price Decreased |
$750,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017