$530,000
●
House -
Off Market
4 EDISTO CT
OCEAN VIEW, DE 19970
3 Beds
3 Baths,
1
Half Bath
2,825 Ft²
$3,101
Est. Monthly
$400
HOA / Fees
4.15%
Cap Rate
About This Property
Welcome to your dream home! This spacious and beautifully
maintained property offers everything you need for comfortable
living and entertaining. The large sunroom and three-season room
provide perfect spots to relax and enjoy the tranquil pond views.
With multiple living and dining areas, this home is ideal for
hosting family and friends. The dedicated office space makes
working from home convenient and productive. Additional features
include window treatments throughout the home, an updated HVAC
system, a two foot extension on both sides of the home and a
conditioned crawl space for extra storage and energy efficiency.
Situated in the charming community of Wedgefield in Ocean
View, you will be just a short drive away from the sandy shores of
Bethany Beach, as well as local shops, restaurants, and
recreational activities. Don't miss out on this incredible
opportunity to own a piece of paradise.
Unit Size
2,825 Ft²
Days on Market
39 days
Land Size
0.20 acres
Price per sqft
$195
Property Type
House
Property Taxes
$179
HOA Dues
$400
Year Built
2005
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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: 3 years ago (Bright MLS #DESU2066060)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Aug 2, 2024 | Price Decreased |
$550,000
↓ $25K
(4.3%) | |
| Price Decreased | |||
| Jul 27, 2024 | Price Decreased |
$574,900
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Jul 12, 2024 | Listed by Long & Foster Real Estate, Inc. | $589,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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 Ocean View
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Listed by: ELIZABETH KAPP
Long & Foster Real Estate, Inc.
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2066060
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Long & Foster Real Estate, Inc.
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2066060
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