$894,000
●
House -
Off Market
38860 OLD LIGHTHOUSE RD
SELBYVILLE, DE 19975
4 Beds
4 Baths,
1
Half Bath
3,000 Ft²
$1,568,375
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model
About This Property
Stunning direct bayfront multi-level home is close to the
uncrowded Fenwick Island, De beaches and is ready for a new owner.
Features include an elevator, spacious gourmet kitchen with
granite, white cabinetry and breakfast bar for casual dining.
The dining area, greatroom and kitchen are all open and
ideal for today's living and entertaining. The second
floor hosts the guest areas - 3 spacious bedrooms and 2 baths.
The third level is devoted to the master suite with palatial
bath and two private waterfront decks. All rooms have
fabulous bay views and is being offered with the designer
furnishings and decor. The outside features multiple decks,
screened porch, gracious landscaping and a grassy back yard that
leads to your private pier/dock with boat lift. This
beautiful home offers leisure living at it's finest. Don't
delay, this home is very desirable and won't last long. Call
today - it may be gone tomorrow!
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$310
Property Type
House
Property Taxes
-
HOA Dues
-
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: 4 years ago (Bright MLS #1001018526)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2016 | Sold | ||
| Sold | |||
| Jun 13, 2016 | Listed by Coldwell Banker Realty | $929,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Fireplace
Elevator
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Sussex
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Listed by: JOYCE HENDERSON
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# 1001018526
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# 1001018526
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