28 HANNAH LOOP #40
About This Property
The first floor features a cozy family room with a fireplace, a separate dining area, and an open floor plan. There's also an ensuite bedroom currently used as an office. On the second floor, you'll find 3 bedrooms, (including an ensuite bedroom with a private balcony!), an additional full bathroom and a comfortable loft area so family and friends can spread out! The third floor hosts the final ensuite bedroom, giving all your guests the privacy they desire.
Outside you can experience the temperate beach climate by relaxing on the paver patio while taking in beautiful views of the pond and community green space. Canal Corkran also has an Olympic size swimming pool for residents to enjoy. This prime east of Route 1 location also puts you just moments away from the vibrant Rehoboth Beach boardwalk. Enjoy easy access to scenic biking and hiking trails, explore nearby retail shopping, and indulge in exceptional dining at local restaurants.
While currently owner-occupied, this townhome has a strong rental history, making it a great investment opportunity as well as the perfect vacation or primary home. It offers the perfect blend of comfort and convenience for beach town living. Don't miss the opportunity to own a beautiful townhome in one of Rehoboth's most coveted neighborhoods!
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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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Oct 5, 2024 | Listed by Coldwell Banker Realty | $1,150,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/05/2024
|
5 Bed
|
5 Bath
|
2360 ft²
|
$1,150,000
5 Bed
5 Bath
2360 ft²
|
$1,115,000
-3.04%
01/03/2025
|
CHRISTINE MCCOY
Coldwell Banker Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017