28415 MITCHELL DRIVE
About This Property
Step inside to discover a bright, open floor plan highlighted by soaring vaulted ceilings, a spacious living room with a cozy gas fireplace, a generous kitchen with breakfast nook, a formal dining room, and a thoughtfully designed layout that provides flexibility for a variety of living arrangements. Large windows fill the home with natural light while offering peaceful views of the surrounding landscape.
Outdoor living is where this property truly shines. Relax on the welcoming brick front porch while taking in views of the countryside, or enjoy the expansive covered rear porch that stretches nearly the entire width of the home. The beautifully landscaped grounds feature established flower beds, a fenced vegetable garden, chicken coop, and plenty of room to garden, play, or simply enjoy the tranquility of country living.
Three outbuildings provide an exceptional amount of additional space for hobbies, storage, and projects. The largest, measuring approximately 18' x 36', was designed to be used as a wood shop, while additional 16' x 24' and 12' x 16' buildings offer even more versatile space. A circular driveway provides abundant parking and attractive curb appeal.
For those who love spending time on the water, Gargatha Landing and its public boat launch are approximately one mile away, providing convenient access to the waterways of Virginia's Eastern Shore. The property is also conveniently located for access to Parksley, Chincoteague Island, Wallops Flight Facility, and the area's beaches.
If you've been searching for a property that combines privacy, space, country charm, and outstanding outdoor amenities, this exceptional Eastern Shore retreat is ready to welcome you home. 3 Bedroom Septic Permit.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Listed by Long & Foster Real Estate, Inc. | $439,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Apr 28, 2022 | Sold | ||
| Sold | |||
| Jul 24, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017