45 CAPETOWN RD
About This Property
The interior features vaulted ceilings and newer windows that flood the space with natural light. Fresh paint throughout provides a clean slate for your design vision. The updated hot water heater ensures modern comfort, while the baseboard heating system offers a starting point for potential HVAC upgrades, including the possibility of adding central air conditioning.
Outside, a wrap-around deck and spacious backyard create opportunities for outdoor enjoyment, perfect for summer gatherings. The deck, while showing signs of wear, is an ideal outdoor space to enjoy the quiet and beauty of Ocean Pines life. A low-maintenance moss yard reduces landscaping needs...no cutting required! Storage options include a large backyard shed and attic space accessible via pull-down stairs.
Located just one block from Somerset Park, this home offers easy access to Ocean Pines' community amenities, including pools, parks, playgrounds, a golf course, and yacht club. Shopping, restaurants, and beaches are also nearby.
While there are opportunities for upgrades and improvements, allowing buyers to customize the home to their preferences, this Ocean Pines property offers a chance to create an ideal coastal retreat in a desirable community at an affordable price with low HOA fees. It's a home that needs some TLC but promises a rewarding project for those looking to put their stamp on a property in this sought-after location.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 27, 2024 | Price Decreased |
$260,000
↓ $15K
(5.5%) | |
| Price Decreased | |||
| Nov 30, 2024 | Price Decreased |
$275,000
↓ $15K
(5.2%) | |
| Price Decreased | |||
| Nov 17, 2024 | Price Decreased |
$290,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017