37670 EXETER DR #K13
About This Property
Upon entry into the home, you'll be greeted with an abundance of windows in the living and dining area, complete with motorized shades, allowing the natural light to pour in. Hardwood flooring flows throughout the living areas and bedrooms, while premium tile adorns the bathrooms. The large kitchen features granite countertops, rarely used stainless steel appliances, a microwave-convection oven and upgraded wood cabinets. Down the hallway are two guest rooms, a generously sized full bath with tub and shower and a large utility room allowing for extra storage and a full size washer and dryer. The huge primary suite offers a private retreat for the owner with spacious, attached bath including dual vanities and additional storage cabinetry. The huge soaking tub is perfect for a relaxing soak after a ride on the bike trail!
Other upgraded features in the unit include premium light fixtures, Hunter Douglas window shades throughout, a Nest Remote Thermostat, Schlage Smart Electronic Door Lock, controlled with smart phone, and a Ring Doorbell/Camera. Plus – it's being sold fully furnished with minor exclusions!
Grande At Canal Pointe is one of the most sought after places to live in Rehoboth Beach. Located East of Route 1, the community offers two community pools, a clubhouse, fitness center, tot lot, basketball court and tennis court. Perhaps best of all, it is located right along the Junction and Breakwater Trail, bringing you directly into downtown Rehoboth and looping along the coast to Lewes. GCP allows rentals with a 7 day minimum.
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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 |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by Jack Lingo - Lewes | $629,900 | |
| Listed by Jack Lingo - Lewes | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/08/2026
|
3 Bed
|
2 Bath
|
1145 ft²
|
$599,000
3 Bed
2 Bath
1145 ft²
|
$550,000
-8.18%
06/05/2026
|
Brian Barrows
Monument Sotheby's International Realty
| |
|
12/20/2024
|
3 Bed
|
2 Bath
|
1832 ft²
|
$649,900
3 Bed
2 Bath
1832 ft²
|
$649,900
01/29/2025
|
Michael Zacherl
Keller Williams Realty
| |
|
07/10/2024
|
2 Bed
|
2 Bath
|
1190 ft²
|
$589,900
2 Bed
2 Bath
1190 ft²
|
$592,000
+0.36%
09/09/2024
|
Michael Zacherl
Keller Williams Realty
| |
|
02/29/2024
|
3 Bed
|
2 Bath
|
1575 ft²
|
$629,900
3 Bed
2 Bath
1575 ft²
|
$640,000
+1.60%
04/12/2024
|
ELIZABETH COOCH
Jack Lingo - Lewes
| |
|
02/15/2023
|
3 Bed
|
2 Bath
|
1832 ft²
|
$549,900
3 Bed
2 Bath
1832 ft²
|
$550,000
+0.02%
03/27/2023
|
Lee Ann Wilkinson
BERKSHIRE HATHAWAY HOMESERVICES GALLO-L
| |
|
08/04/2021
|
2 Bed
|
2 Bath
|
1075 ft²
|
$399,000
2 Bed
2 Bath
1075 ft²
|
$412,000
+3.26%
10/06/2021
|
Debbie Reed
RE/MAX Realty Group Rehoboth
| |
|
04/09/2021
|
3 Bed
|
2 Bath
|
1336 ft²
|
$399,900
3 Bed
2 Bath
1336 ft²
|
$400,000
+0.03%
06/04/2021
|
CARRIE LINGO
| |
|
03/01/2020
|
3 Bed
|
2 Bath
|
1259 ft²
|
$384,000
3 Bed
2 Bath
1259 ft²
|
$365,000
-4.95%
06/22/2020
|
Debbie Reed
| |
|
02/04/2019
|
3 Bed
|
2 Bath
|
1550 ft²
|
$405,000
3 Bed
2 Bath
1550 ft²
|
-
-
|
-
|
Building Info
About Sussex
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Phone: 425-283-2930
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