$870,000
●
Condo -
Off Market
34 NELL LOOP
REHOBOTH BEACH, DE 19971
3 Beds
3 Baths,
1
Half Bath
2,300 Ft²
$5,521
Est. Monthly
$1,224
HOA / Fees
1.46%
Cap Rate
About This Property
IMPROVED PRICE! This is the pond front beauty you've been
waiting for! It's rare for a garage townhome to come on the market
in the coveted community of Canal Corkran, but one finally has!
This home offers two first-floor guest rooms, a lovely bathroom,
laundry, a garage, and a foyer on the first floor. There's also a
patio on this level. On the second floor is the large kitchen with
breakfast bar, an expansive great room with a gas fireplace, a
large dining room, an open dining area, and a pond front sundeck
for your dose of Vitamin D! On the third floor is a very large
primary suite with plenty of room for a sitting area, a huge walk
in closet, and an oversized primary bathroom. This community is
located on the ocean side of Route 1, just around the corner from
downtown Rehoboth Beach. You have all the benefits of a lush,
mature, quiet community yet are just a short walk to the shops,
restaurants, and events happening at the beach. There's even a
secret passage accessible only to owners in this community that
takes you along the canal right to the bridge!
Unit Size
2,300 Ft²
Days on Market
11 days
Land Size
-
Price per sqft
$380
Property Type
Condo
Property Taxes
-
HOA Dues
$1,224
Year Built
-
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Cap Rate Calculator
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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: 3 years ago (Bright MLS #DESU2062516)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jun 16, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| May 16, 2024 | Listed by Monument Sotheby's International Realty | $900,000 | |
| Listed by Monument Sotheby's International Realty | |||
| Jun 6, 2016 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Garage Features: Garage Door Opener, Garage - Front Entry
Parking Features: Attached Garage
Attached Garage Spaces: 1
Garage Spaces: 1
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on 1st Upper Level: 1
Bedrooms on 1st Lower Level: 2
Full Bathrooms on 1st Upper Level: 1
Full Bathrooms on 1st Lower Level: 1
Interior Features: Attic, Floor Plan - Open, Kitchen - Gourmet, Breakfast Area, Dining Area, Ceiling Fan(s), Entry Level Bedroom, Walk-in Closet(s), Window Treatments
Appliances: Built-In Microwave, Refrigerator, Icemaker, Dishwasher, Disposal, Oven/Range - Electric, Washer, Dryer, Water Heater
Flooring Type: Luxury Vinyl Plank, Carpet, Tile/Brick
Living Area Square Feet Source: Estimated
Has Fireplace
Gas/Propane
Fireplaces: 1
Exterior Details
Property Manager Present
Ownership Interest: Fee Simple
Property Condition: Very Good
Year Built Source: Estimated
Foundation Details: Slab
Other Structures: Above Grade
Roof: Architectural Shingle
Structure Type: Interior Row/Townhouse
Window Features: Insulated, Screens
Construction Materials: Stick Built, Vinyl Siding
Building Name: NONE AVAILABLE
Outdoor Living Structures: Balcony, Deck(s), Patio(s)
Community Pool
Landscaping
Tidal Water: N
Lot Size Source: Estimated
Finished Square Feet: 2300
Finished Square Feet Source: Estimated
Financial Details
County Tax: $954
County Tax Payment Frequency: Annually
City Town Tax: $0
City Town Tax Payment Frequency: Annually
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pool - Outdoor, Swimming Pool
HOA Fee: $555
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $669
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/16/2024
| |
3 Bed
|
3 Bath
|
2300 ft²
|
$900,000
3 Bed
3 Bath
2300 ft²
|
$870,000
-3.33%
07/23/2024
|
JENNIFER BARROWS
Ocean Atlantic Sotheby's International Realty
|
Building Info
About Sussex
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$2,250 /mo
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$2,200 /mo
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- 1,395 ft²
Listed by: Brian Barrows
Monument Sotheby's International Realty
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2062516
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Monument Sotheby's International Realty
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2062516
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