$500,000
●
House -
Off Market
109 RED CEDAR DRIVE
MILTON, DE 19968
4 Beds
2 Baths,
1
Half Bath
2,170 Ft²
$2,540
Est. Monthly
$4
HOA / Fees
6.16%
Cap Rate
About This Property
MOVE-IN READY stunning 4-bedroom, 2.5-bath ranch-style new
construction home in the quiet community of Sylvan Acres. Designed
with an open floor plan and upscale finishes, this home offers both
comfort and sophistication. The gourmet kitchen boasts upgraded
cabinetry, granite countertops, and a spacious island-perfect for
entertaining. The private primary suite features a beautifully
tiled shower, soaking tub, double vanities, spacious walk-in
closet, and ample space for relaxation.
Upstairs, a versatile bonus area awaits, complete with rough-ins for a third full bathroom, allowing you to customize the space to fit your needs. The tree lined backyard offers privacy, while the two-car side-entry garage provides additional parking and storage.
Situated just off Rt. 1, this exceptional home is only minutes from both the Broadkill and Lewes Beaches. Don't miss out-schedule your private showing today!
Upstairs, a versatile bonus area awaits, complete with rough-ins for a third full bathroom, allowing you to customize the space to fit your needs. The tree lined backyard offers privacy, while the two-car side-entry garage provides additional parking and storage.
Situated just off Rt. 1, this exceptional home is only minutes from both the Broadkill and Lewes Beaches. Don't miss out-schedule your private showing today!
Unit Size
2,170 Ft²
Days on Market
85 days
Land Size
0.51 acres
Price per sqft
$237
Property Type
House
Property Taxes
$6
HOA Dues
$4
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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%.
How much can I actually make?
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.
Last updated: 12 months ago (Bright MLS #DESU2086966)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 7, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Price Decreased |
$515,000
↓ $9K
(1.7%) | |
| Price Decreased | |||
| May 22, 2025 | Listed by Keller Williams Realty | $524,000 | |
| Listed by Keller Williams Realty | |||
| Mar 17, 2025 | Price Decreased |
$554,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
Price/ft²
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About Sussex
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Listed by: Russell G Griffin
Keller Williams Realty
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DESU2086966
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Keller Williams Realty
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DESU2086966
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