23 WHEATSHEAF LANE
About This Property
From the curb, the stone-accented facade and mature landscaping make a striking first impression, while the inviting front porch sets the stage for relaxed living. Inside, you're greeted by an open, light-filled layout with a spacious living room that flows seamlessly into a generous eat-in kitchen. The kitchen is a chef's delight with stainless steel appliances, ample cabinetry, and a large central island perfect for casual dining or entertaining.
The formal dining room sits just off the foyer, framed by a large front window that floods the space with natural light. The primary suite is a peaceful retreat, featuring a spacious bedroom, a walk-in closet, and an en-suite bath with dual vanities and a walk-in shower. An additional second bedroom and full bath offer comfort and privacy for guests. A dedicated laundry room with a utility sink and access to the two-car garage with an unfinished bonus room that can easily be transformed into a home office, hobby room, or additional storage-adding extra flexibility to the floor plan.
At the rear of the home, a three-season sunroom opens to a backyard patio, offering a serene space for morning coffee or evening relaxation.
Spring Meadow is a vibrant and active adult community, offering a clubhouse, fitness center, outdoor pool, bocce courts, walking paths, and a full calendar of social activities. Located just minutes from downtown Smyrna, residents enjoy easy access to shopping, dining, healthcare, and major routes like Rt. 1-making day trips to Dover, the beaches, or Wilmington a breeze.
Whether you're looking to downsize without compromise or step into a turn-key lifestyle upgrade, 23 Wheatsheaf Lane delivers comfort, convenience, and community in one perfect package. Schedule your tour today and discover why so many love to call Spring Meadow home.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Price Decreased |
$385,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jul 10, 2025 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| May 14, 2025 | Listed by Keller Williams Realty | $400,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017