32225 HERITAGE ROAD
About This Property
The heart of the home is a culinary sanctuary featuring a chef's dream kitchen equipped with a premium GE gas range, a Samsung refrigerator, and a massive quartz social island. Designer details include upgraded soft-close cabinetry with under-cabinet lighting. The kitchen flows effortlessly into a sun-drenched dining area and a living space defined by sophisticated coffered ceilings and a striking double-sided linear electric fireplace. For seamless indoor-outdoor living, the dining area opens to a stunning four-season glass-enclosed sanctuary. This leads to an expansive stamped concrete patio featuring a natural gas grill hookup and peaceful views of a "Tree of Life" and lighted fountain in the distance.
The first-floor primary suite serves as a private retreat with a tray ceiling, designer fandelier, and its own linear fireplace. It includes dual walk-in closets and a spa-like bathroom with dual vanities, a soaking tub, and a walk-in shower with a seat. Additionally, the main level hosts a home office behind double glass doors, a powder room, and a dedicated laundry room. On the upper level, a wooden staircase leads to a plushly carpeted loft and three generous bedrooms, including a junior suite with a private bath. All rooms feature remote-controlled ceiling fans. The partially finished basement adds a family entertainment area, a full bathroom, and massive storage with the potential for a fifth bedroom.
This home is packed with exceptional extras, including a whole-house dehumidifier, a dedicated irrigation well, and a two-car garage with a wide driveway. Enjoy an unbeatable lifestyle just minutes from Cape Henlopen State Park trails, the historic charm of Lewes, and the vibrant Rehoboth Beach boardwalk.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017