$858,969
●
House -
Off Market
33400 DOWNING CIRCLE #LOT134
LEWES, DE 19958
3 Beds
3 Baths,
1
Half Bath
4,761 Ft²
$3,326
Est. Monthly
$183
HOA / Fees
3.97%
Cap Rate
About This Property
This home is to be built, the picture is of a model home***
Marsh Island is a new Schell Brothers community with direct access to Love Creek and Rehoboth Bay (formally Marsh Island Golf Course). Enjoy waterfront access from the existing community dock with four boat slips that can be used for kayaking/fishing/ crabbing to Love Creek and the Rehoboth Bay and the variety of community amenities including a clubhouse with fitness center, outdoor pools, outdoor covered porch overlooking the pool and water views, outdoor covered lounge with bar, stone fireplace & grill, fenced in playground and walking paths. The Whimbrel plan is a single-family home includes 3 bedrooms, 2.5 baths and a flex space perfect for a home office. The design includes a spacious kitchen with bar seating open to the dining area and a great room. Options are available to personalize including additional bedrooms, baths, basement addition, and outdoor living spaces.
Marsh Island is a new Schell Brothers community with direct access to Love Creek and Rehoboth Bay (formally Marsh Island Golf Course). Enjoy waterfront access from the existing community dock with four boat slips that can be used for kayaking/fishing/ crabbing to Love Creek and the Rehoboth Bay and the variety of community amenities including a clubhouse with fitness center, outdoor pools, outdoor covered porch overlooking the pool and water views, outdoor covered lounge with bar, stone fireplace & grill, fenced in playground and walking paths. The Whimbrel plan is a single-family home includes 3 bedrooms, 2.5 baths and a flex space perfect for a home office. The design includes a spacious kitchen with bar seating open to the dining area and a great room. Options are available to personalize including additional bedrooms, baths, basement addition, and outdoor living spaces.
Unit Size
4,761 Ft²
Days on Market
175 days
Land Size
0.24 acres
Price per sqft
$134
Property Type
House
Property Taxes
$167
HOA Dues
$183
Year Built
-
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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: 3 years ago (Bright MLS #DESU2046370)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | In contract | - | |
| In contract | |||
| Apr 24, 2024 | Price Decreased |
$639,900
↓ $35K
(5.2%) | |
| Price Decreased | |||
| Apr 4, 2024 | Price Increased |
$674,900
↑ $35K
(5.5%) | |
| Price Increased | |||
| Aug 17, 2023 | Listed by Coldwell Banker Realty | $639,900 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Sussex
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Listed by: COURTNEY BOULOUCON
Coldwell Banker Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DESU2046370
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Coldwell Banker Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DESU2046370
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