37015 OWL DRIVE
About This Property
Recent improvements include a BRAND-NEW ROOF (2026), NEW HVAC SYSTEM upstairs, and a newer electric water heater, giving you confidence in the home's major systems. Inside, HARDWOOD FLOORING extends throughout the main living areas, creating a warm and welcoming backdrop for everyday life and entertaining.
At the heart of the home, the SPACIOUS KITCHEN offers plenty of room to gather and features maple cabinetry, granite countertops, a double wall oven, electric cooktop, and abundant storage. The family room invites you to relax with custom built-in shelving and an electric fireplace. The extended sunroom is a true highlight, bringing in an abundance of NATURAL LIGHT while framing serene POND VIEWS.
The first-floor primary suite provides a comfortable private retreat with a generous WALK-IN CLOSET and an en-suite bath featuring a double vanity, soaking tub, separate WALK-IN SHOWER, and tile flooring. A second bedroom on the main level offers flexibility to serve as a bedroom, office, or additional living space. The separate laundry room is equipped with cabinetry and a utility sink and provides convenient direct access to the garage.
Upstairs, the spacious loft offers an ideal SECOND LIVING AREA, while two additional bedrooms and a full bath provide plenty of space for family and overnight guests. When it's time to enjoy the outdoors, choose your favorite spot-the SCREENED PORCH or the CUSTOM PATIO overlooking the tranquil pond. Both provide inviting spaces for morning coffee, afternoon relaxation, or unwinding with friends and family in the evening.
The location makes enjoying coastal Delaware remarkably easy. Spend the day at Fenwick State Park, Bethany Beach, or Ocean City, get out on the water, tee it up at nearby golf courses including Bayside Resort Golf Club, or explore the natural beauty of Assateague State and National Parks. For live entertainment, Freeman Arts Pavilion is also just minutes away. Nearby shopping, grocery stores, restaurants, and everyday conveniences add to the ease of the location.
Whether your ideal day means exploring local trails, enjoying waterfront dining, heading to the beach, or simply relaxing at home with a view, this property makes it easy to enjoy everything that makes coastal Delaware special.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Listed by Coldwell Banker Realty | $589,900 | |
| Listed by Coldwell Banker Realty | |||
| Aug 29, 2019 | No longer available | - | |
| No longer available | |||
| Aug 15, 2019 | Sold | ||
| Sold | |||
| Jun 16, 2019 | Price Decreased |
$378,700
↓ $6K
(1.6%) | |
| Price Decreased | |||
| May 7, 2019 | Relisted | $384,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017