30578 SILVERTON ROAD
About This Property
The gourmet kitchen features stainless steel appliances, a gas cooktop, wall oven, built-in microwave, dishwasher, a large center island, and a sunny breakfast nook. Open to the kitchen, the inviting living room offers a cozy gas fireplace and flows seamlessly into the bright sunroom overlooking the backyard.
The main-level primary suite is a private retreat with two custom walk-in closets, dual vanities, a tiled stall shower, and a private water closet. An additional bedroom and full bath are also located on the first floor, while every closet throughout the home is outfitted with custom closet systems. Upstairs, you'll find another bedroom, a full bathroom, and a spacious bonus room with a walk-in closet, providing flexible space for guests, a media room, or hobbies.
Outside, enjoy a rear paver patio, professional landscaping, an attached front-entry garage, concrete driveway, and additional on-street parking.
The HOA includes lawn maintenance, trash service, a clubhouse, fitness center, and community pool, allowing for low-maintenance living. Ideally located just minutes from Fenwick Island, Bethany Beach, Ocean City, MD, and the Freeman Arts Pavilion, this exceptional home offers easy access to beaches, dining, shopping, and entertainment. Don't miss this opportunity to enjoy luxury coastal living at its finest.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$625,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Aug 26, 2026 | Price Decreased |
$640,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by Keller Williams Realty | $645,000 | |
| Listed by Keller Williams Realty | |||
| Jan 21, 2016 | Sold | ||
| Sold | |||
| Oct 2, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017