$483,900
●
House -
Off Market
23624 WOODS DR
LEWES, DE 19958
4 Beds
3 Baths
2,500 Ft²
$2,848
Est. Monthly
$400
HOA / Fees
5.06%
Cap Rate
About This Property
Serene wooded setting in Lewes! This charming Cape Cod, 4
bedroom home + den + sun room + 3 full baths is a lot bigger
than it looks. NEW ROOF in 2024 with 50 year shingles. There
are 2 primary bedrooms, one on each floor for maximum convenience.
The large eat-in kitchen flows to the living room/dining room by
French doors where a gas fireplace is the main focal point.
The sun room is surrounded by trees and has a privacy screen
for the hot tub area. The nearly half acre lot features a fire pit
area, a new shed and a fenced in gardening area. The Woods on
Herring Creek is tranquil wooded community bordering the Rehoboth
Bay with low HOA fees (only $400 per year), a community pool,
tennis court/basket ball court, tot lot, and a community pavilion.
Close to beaches, boating, shopping, dining and more.
Unit Size
2,500 Ft²
Days on Market
10 days
Land Size
0.48 acres
Price per sqft
$199
Property Type
House
Property Taxes
$104
HOA Dues
$400
Year Built
1992
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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 #DESU2058398)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Price Decreased |
$498,500
↓ $12K
(2.3%) | |
| Price Decreased | |||
| Sep 19, 2024 | Price Decreased |
$510,000
↓ $8K
(1.5%) | |
| Price Decreased | |||
| Aug 17, 2024 | Price Decreased |
$517,500
↓ $10K
(1.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
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
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Closing Price
Sold On
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HOA + Taxes
About Sussex
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Listed by: Debbie Reed
RE/MAX Realty Group Rehoboth
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2058398
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RE/MAX Realty Group Rehoboth
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2058398
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