37619 PINE RD
About This Property
Showcasing 4-bedrooms, 2 ½ baths with oversized 2 car garage, private boat dock, outdoor shower, fenced rear yard and extensive hardscaping making this your perfect Bayfront Retreat. The main level offers a stunning great room with hardwood floors throughout and a four panel, 12' slider opening to gorgeous views of the bay on the large screened porch, with ceiling speakers and fans to enjoy a relaxing morning coffee or evening cocktails. The Gourmet kitchen is a culinary delight featuring high end stainless steel appliances, an abundance of Custom cabinetry with soft close, walk-in pantry, designer lighting, farmhouse sink, quartz counter tops and large island that is adjoined to the waterfront dining area to enjoy meals with a breathtaking view.
The stunning waterfront views continue in the Primary bedroom complete with a custom barndoor leading you to 2 walk-in closets and spa-like ensuite featuring dual vanities with quartz counters, framed mirrors, private water closet and oversized shower with rain shower head.
The two guest rooms are on the other side of the main floor for privacy and comfort. The staircase to the second floor leads to the perfect custom built bunk room with built in window seat, shelving and extra finished storage closets. The Main floor also features Home office with glass French door, a mudroom with custom cabinets and sink, built- in drop zone bench and shelving, and front load appliances. Designer lighting and custom trim work are showcased through out the home.
On the exterior the attention to detail is shown in the extensive paver hardscaping of the lead walks, driveway and additional paver parking for your guests, the rear paver patio with firepit provide a perfect oasis for enjoying a private sunset. Cruise the bay to waterfront restaurants by boat or crab and fish offshore. Don't wait to enjoy waterfront living at its finest with just a short 2.5 miles to Fenwick and Ocean City Beaches! There is no detail overlooked in this amazing property.
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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 |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Price Decreased |
$1,599,000
↓ $51K
(3.1%) | |
| Price Decreased | |||
| Apr 10, 2024 | Relisted | $1,650,000 | |
| Relisted | |||
| Apr 1, 2024 | In contract | - | |
| In contract | |||
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About Selbyville-Frankford
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017