27524 DERBY DRIVE
About This Property
Nestled on a beautifully landscaped cul-de-sac lot in one of Salisbury's desirable communities, this spacious brick-front home offers over 3,000 + square feet of living space, a rare assumable VA loan at just 2.99% for qualified buyers, and access to a clubhouse, swimming pool, and tennis courts.
Designed for both everyday living and entertaining, the main level features generous living and dining areas, a dedicated home office (which can serve as a 6th bedroom), and an expansive kitchen with abundant cabinetry, granite countertops, a center island with seating, and a sunny breakfast nook overlooking the backyard. Hardwood flooring and large windows create a bright, inviting atmosphere throughout.
The expansive primary suite includes a walk-in closet and a private bath with dual vanities, a soaking tub, and a separate shower. Three additional bedrooms and a finished bonus room offer flexibility for a fifth bedroom, guest suite, media room, playroom, fitness room, or additional workspace.
A standout feature is the enormous walk-up attic, which provides exceptional storage and future expansion potential. The oversized side-entry 3 car garage and extended driveway offer ample parking for multiple vehicles.
Surrounded by mature trees and open green space, the backyard provides plenty of room for entertaining, gardening, recreation, or simply relaxing in a peaceful setting.
Located in Salisbury-the economic, educational, medical, and cultural hub of Maryland's Eastern Shore-this home offers convenient access to shopping, dining, healthcare, Salisbury University, and major commuter routes. Enjoy easy access to Ocean City, Rehoboth Beach, and Assateague Island, placing beaches, boating, fishing, and outdoor recreation within reach.
With over 3,000 square feet, home office space, 5 bedroom potential, abundant storage, desirable community amenities, and a prime location near the Eastern Shore's most popular destinations, this property offers an exceptional combination of comfort, convenience, and value.
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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 31, 2026 | Sold | ||
| Sold | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Relisted | $514,900 | |
| Relisted | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Serhant | $514,900 | |
| Listed by Serhant | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017