$427,500
●
House -
Off Market
15 GRANTS AVE
OCEAN VIEW, DE 19970
3 Beds
2 Baths
1,562 Ft²
$2,361
Est. Monthly
$250
HOA / Fees
5.71%
Cap Rate
About This Property
Welcome to this adorable rancher in the heart of tranquility! This
charming 3-bedroom, 2-bathroom abode features stylish LVP flooring
throughout the high traffic areas with cozy carpet in the sleeping
quarters, creating a seamless and modern aesthetic. Natural light
floods the spacious interior, highlighting the large, bright eat-in
kitchen-a perfect space for gatherings. Nestled in a quiet
community, this home offers proximity to grocery stores,
restaurants, playgrounds, golf courses, and the beach. The
community boasts exclusive amenities, including a private day dock
and boat launch on White Creek, providing residents with easy
access to aquatic adventures. Enjoy serene moments in the screened
gazebo by the water, offering picturesque views of wildlife and
boats. Owners can conveniently store one boat on their property.
For additional recreation, residents have the option to access the
pool and tennis court amenities in the neighboring Inlet at Pine
Grove community for an annual fee-an enticing choice for those
seeking extra leisure opportunities. Don't miss the chance to make
this delightful property your own retreat!
Unit Size
1,562 Ft²
Days on Market
25 days
Land Size
0.22 acres
Price per sqft
$275
Property Type
House
Property Taxes
$60
HOA Dues
$250
Year Built
1984
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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: 2 years ago (Bright MLS #DESU2052928)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 6, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Nov 25, 2024 | Price Decreased |
$429,900
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Oct 17, 2024 | Relisted | $444,999 | |
| Relisted | |||
| Oct 17, 2024 | Price Decreased |
$439,900
↓ $5K
(1.2%) | |
| 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
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sussex
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Listed by: Dustin Parker
The Parker Group
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# DESU2052928
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.
The Parker Group
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# DESU2052928
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