$395,000
●
House -
Off Market
31075 OCEAN PINE BLVD
MILLSBORO, DE 19966
3 Beds
2 Baths
2,000 Ft²
$3,365
Est. Monthly
$1,400
HOA / Fees
2.70%
Cap Rate
About This Property
Welcome to 31075 Ocean Pine Blvd, a delightful home nestled in the
picturesque community of Stonewater Creek in Millsboro. This
3-bedroom, 2-bathroom residence offers a perfect blend of comfort
and style, making it an ideal retreat for families and entertainers
alike.
Step inside to discover a spacious living area that flows seamlessly into a modern kitchen, complete with a large island perfect for casual dining or meal prep. The sunroom offers a bright and airy space to relax, while the upstairs loft provides additional living or office space.
Outdoors, enjoy the expansive backyard with ample open space, perfect for gatherings or quiet evenings. Unwind in the hot tub or dine al fresco on the patio covered by a retractable awning. The front porch adds a charming touch to this beautiful home, ideal for morning coffee or evening relaxation, also covered by a retractable awning,.
With owned solar panels, this home is energy-efficient and environmentally friendly. Don't miss the opportunity to make this stunning property your own!
Step inside to discover a spacious living area that flows seamlessly into a modern kitchen, complete with a large island perfect for casual dining or meal prep. The sunroom offers a bright and airy space to relax, while the upstairs loft provides additional living or office space.
Outdoors, enjoy the expansive backyard with ample open space, perfect for gatherings or quiet evenings. Unwind in the hot tub or dine al fresco on the patio covered by a retractable awning. The front porch adds a charming touch to this beautiful home, ideal for morning coffee or evening relaxation, also covered by a retractable awning,.
With owned solar panels, this home is energy-efficient and environmentally friendly. Don't miss the opportunity to make this stunning property your own!
Unit Size
2,000 Ft²
Days on Market
52 days
Land Size
0.48 acres
Price per sqft
$200
Property Type
House
Property Taxes
$102
HOA Dues
$1,400
Year Built
2008
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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: 2 years ago (Bright MLS #DESU2066692)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Price Decreased |
$400,000
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Oct 2, 2024 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Aug 30, 2024 | Relisted | $425,000 | |
| Relisted | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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About Sussex
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Listed by: Mary SCHROCK
Northrop Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2066692
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Northrop Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2066692
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