31761 SKIMMER RD
About This Property
Upon entering, you'll be captivated by the open, airy floor plan that showcases a generously sized living room with soaring vaulted ceilings-perfect for relaxation or entertaining. Two skylights fill the space with an abundance of natural light, while the expansive sunroom, featuring a walkout deck, flows seamlessly into the well-appointed kitchen. Here, you'll find sleek stainless steel appliances, abundant cabinetry, and a convenient breakfast bar.
The main-level primary bedroom boasts a spacious walk-in closet and a luxurious en-suite bathroom with dual vanities. The second level houses two additional bedrooms and a full bathroom, ensuring ample space for family and guests. The main-level laundry room comes equipped with a stacked washer and dryer as well as a utility sink.
Step outside onto the lower deck and relish in the serenity of your private backyard oasis, complete with a hot tub nestled among mature, evergreen holly trees.
This stunning home also features a laundry room, a two-car garage, and access to a wealth of community amenities such as a clubhouse, community center, fitness center, game room, jogging/walking paths, marina, meeting room, party room, pier/dock, putting green, recreational center, tennis courts, playgrounds, volleyball courts, two outdoor pools-one with a lazy river-indoor pickleball court, and kayak/canoe launch areas. Enjoy a communal gas fire pit and an herb garden, as well as a transferable home warranty for added peace of mind.
The association fees cover lawn maintenance, pier/dock maintenance, reserve funds, road maintenance, snow removal, and trash services.
Conveniently located just minutes from pristine beaches, shopping, and dining, and offering a complimentary shuttle to Bethany Beach during summer months, this home embodies the perfect fusion of coastal living and modern convenience.
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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 |
|---|---|---|---|
| Feb 26, 2024 | Sold | ||
| Sold | |||
| Jan 22, 2024 | In contract | - | |
| In contract | |||
| Jan 8, 2024 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Sep 12, 2023 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Jul 1, 2023 | Price Decreased |
$649,999
↓ $25K
(3.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017