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13 DEER PATH LANE
About This Property
A grand foyer sets the tone the moment you enter, showcasing a stunning chandelier, a beautifully refinished staircase with oak treads, crisp white risers, and rich wood railing accented by black iron spindles. To the right, the formal living room opens seamlessly to the formal dining room, creating an elegant setting for entertaining and everyday gatherings alike. To the left, a stylish powder room is conveniently positioned near the inviting family room, where a wood burning fireplace creates a warm focal point and a large sliding glass door frames views of the backyard.
The kitchen is truly the showpiece of the home and has been beautifully renovated with all new cabinetry, quartz countertops, a designer backsplash, and stainless steel appliances. Just beyond, the eat in breakfast area offers a bright and comfortable space to start the day while overlooking the fenced rear yard and peaceful tree lined backdrop.
Upstairs, you will find four bedrooms, including three with fresh carpeting, along with two beautifully updated full baths. The hall bath has been tastefully finished with a tub, white subway tile, a new vanity, and a sleek glass shower door. Privately positioned on the left side of the home, the owner's suite offers a walk in closet and a stunning custom bath featuring a walk in shower with tiled flooring, subway tile walls, a built in bench with quartz top, and a custom glass enclosure.
Additional highlights include fresh flooring throughout, a spacious main floor laundry room, a two car garage, and a full basement offering abundant storage and future potential. Outside, the newly refinished deck with fresh wood boards and vinyl railing overlooks a fenced backyard that backs to mature trees, creating a private and relaxing outdoor setting.
Perfectly located just across the street from Polly Drummond Hill Park and minutes from White Clay Creek State Park trails, the University of Delaware, popular shopping, and some of the area's favorite restaurants, 13 Deer Path Lane offers the rare combination of a beautifully updated home, a spacious homesite, and an incredibly convenient lifestyle.
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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.
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About Morningside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017