34438 SPRING BROOK AVENUE
About This Property
Inside, engineered hardwood flooring flows throughout the main living areas, while the expansive great room showcases vaulted ceilings and a stunning gas fireplace with stone surround. The open-concept layout seamlessly connects the living room, dining area, and beautifully appointed kitchen featuring white cabinetry, stainless steel appliances, granite countertops, a gas cooktop, pantry, and a large center island with dual sinks, pendant lighting, and counter seating. The dining area is highlighted by a stylish designer light fixture and opens directly to the backyard patio, creating the perfect indoor-outdoor flow for entertaining.
The spacious primary suite features a walk-in closet and a luxurious ensuite bath complete with dual granite-topped vanities, private water closet, and a tiled walk-in shower with bench seating, built-in niche shelving, and natural light from an oversized window. Two additional bedrooms, a full bath, laundry room, and oversized two-car garage complete the main level. The garage also includes a utility sink, cabinetry, and ample storage space.
Outdoor living is equally impressive with a covered front porch, fully fenced backyard, paver patio, thoughtful landscaping, irrigation system with dedicated well, and an apres-beach outdoor shower.
Residents of Villages of Red Mill Pond enjoy resort-style amenities including a clubhouse, swimming pool, kayak and paddleboard access to Red Mill Pond, and direct access to the Lewes-Georgetown Trail. This is coastal Delaware living at its finest!
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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 |
|---|---|---|---|
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Decreased |
$549,900
↓ $25K
(4.4%) | |
| Price Decreased | |||
| May 28, 2026 | Listed by Compass | $575,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017