$712,415
↓ $93K (13%)
●
House -
Off Market
33651 FREHLEY DR #LOT128
LEWES, DE 19958
3 Beds
3 Baths,
1
Half Bath
1,971 Ft²
$3,227
Est. Monthly
$183
HOA / Fees
4.49%
Cap Rate
About This Property
**** This home is to be built, photos are of model home****
Marsh Island is a new Schell Brothers community with direct access to Love Creek and the Rehoboth Bay (formally Marsh Island Golf Course). Enjoy waterfront access from 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 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 Monterey plan is a ranch home starting at 1,866 heated square feet. Includes 3 bedrooms, 2 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 great room.
Marsh Island is a new Schell Brothers community with direct access to Love Creek and the Rehoboth Bay (formally Marsh Island Golf Course). Enjoy waterfront access from 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 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 Monterey plan is a ranch home starting at 1,866 heated square feet. Includes 3 bedrooms, 2 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 great room.
Unit Size
1,971 Ft²
Days on Market
149 days
Land Size
0.23 acres
Price per sqft
$315
Property Type
House
Property Taxes
-
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 #DESU2046568)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2024 | Price Decreased |
$619,900
↓ $93K
(13%) | |
| Price Decreased | |||
| Jul 11, 2024 | Sold | ||
| Sold | |||
| Feb 13, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 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
Comparables
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Status
Type
Beds
Baths
ft²
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HOA + Taxes
About Sussex
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Listed by: COURTNEY BOULOUCON
Coldwell Banker Realty
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2046568
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Coldwell Banker Realty
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2046568
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