$2,600,000
●
House -
Off Market
18 HENLOPEN AVE
REHOBOTH BEACH, DE 19971
5 Beds
3 Baths,
1
Half Bath
2,800 Ft²
$13,135
Est. Monthly
About This Property
You won't believe this location and lot size! Nestled in The Pines
on a beach block, this charming 5 bedroom, 2.5 bath beach cottage
is everything a true coastal retreat needs. Purchased in 1966 but
is believed to be built in the 1940's. A short distance from beach
access, the City of Rehoboth Beach tennis courts, and Rehoboth's
famous boardwalk, this home will make you feel like you're on
vacation every day! Spend time sipping beverages on the wraparound
screen porch during the summer or cozy up next to the wood-burning
fireplace with a good book in the winter. This home also features a
generous-sized loft and second-floor balcony for you to take in
those gorgeous summer sunsets. 18 Henlopen Avenue would make the
perfect primary residence, vacation getaway, or investment
property. It won't last long so schedule your tour today!
Unit Size
2,800 Ft²
Days on Market
29 days
Land Size
0.17 acres
Price per sqft
$955
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
-
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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: 3 years ago (Bright MLS #DESU2050216)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | In contract | - | |
| In contract | |||
| Mar 18, 2024 | Price Decreased |
$2,675,000
↓ $75K
(2.7%) | |
| Price Decreased | |||
| Dec 12, 2023 | Price Decreased |
$2,750,000
↓ $50K
(1.8%) | |
| Price Decreased | |||
| Oct 26, 2023 | Listed by Jack Lingo - Lewes | $2,800,000 | |
| Listed by Jack Lingo - Lewes | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
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About Rehoboth Beach
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Listed by: CARRIE LINGO
Jack Lingo - Lewes
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DESU2050216
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Jack Lingo - Lewes
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DESU2050216
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