$124,000
●
House -
Off Market
237 MAGNOLIA DRIVE
MILLSBORO, DE 19966
2 Beds
1 Bath
1,022 Ft²
$201,297
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model
About This Property
Very Affordable 2 bedroom first floor living in popular Magnolia
Meadows centrally located in Millsboro, DE. This adorable
duplex features an open floor plan with dining area open to the
kitchen and living room, a glassed in patio with screens that can
be open in the spring, summer and warms with the winter sun, one
car garage just off the utility room which includes a washer and
dryer. Home is move in condition, close to shopping, and a
short drive to the Delaware Beaches. Heating and Air
conditioner replaced in 2016. Fenced in back yard for
privacy, and off street parking in the drive way.
Unit Size
1,022 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$124
Property Type
House
Property Taxes
$71
HOA Dues
$18
Year Built
1995
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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 months ago (Bright MLS #1001033134)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2022 | Sold | ||
| Sold | |||
| Aug 9, 2022 | No longer available | - | |
| No longer available | |||
| Jul 12, 2022 | Listed by Keller Williams Realty | $215,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
Well maintained Villa in Magnolia Meadows featuring 2 Bedrooms with 1 full bath. All one level living open floor plan with great room to entertain. Slider connects 3 Season Sunroom and enjoy relaxation with a private setting and fully fenced rear yard. Concrete Patio in back yard also great for Grilling and Family Picnics. Upgraded Kitchen with Oak Cabinets, SS Appliances, Tile flooring with Dining Area and Ceiling Fan. Separate Utility room with Washer and Dryer and Garage Access. Pull down Attic stairs for Storage. Attached 1 Car Garage and driveway parking for 2 additional cars. This home is close to all the new stores and restaurants Millsboro has to offer The manager has listed the unit size as 866 square feet.
| |||
| Jan 12, 2022 | No longer available | - | |
| No longer available | |||
| Jan 6, 2022 | Relisted | $180,000 | |
| Relisted | |||
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Property Highlights
Air Conditioning
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Millsboro
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Listed by: MARY CERAMI
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 1001033134
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.
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 1001033134
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