$460,000
●
House -
Off Market
1008 Scotch Pine Way
Mebane, NC 27302
5 Beds
3 Baths
$475,600
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
EXCELLENT LOCATION with convenient access to Interstate 40 & 85!
Beautiful home with 5 Bedrooms and 3 Baths! The kitchen is open to
the family room and has granite countertops, stainless appliances,
gas range, and large pantry. Upgrades include: hardwoods ,gas
fireplace, iron stair rails, speaker ceiling system, and trey
ceilings in the primary bedroom and dining room. The primary
bedroom suite also has walk in closet, dual sink vanity, and
oversized walk in shower. Enjoy outdoor living with front porch,
screened porch, patio, and fenced backyard! 2 car garage!
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$24
Year Built
2014
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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: 2 years ago (TMLS #124002)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Listed by West & Woodall Real Estate - D | $470,000 | |
| Listed by West & Woodall Real Estate - D | |||
| | |||
|
Spacious & Updated 5-Bedroom Home in the highly desirable Arbor Creek subdivision in Mebane! This well-maintained 5-bedroom, 3-bath home offers lots of space and modern updates. Featuring an open floor plan, brand-new LVP flooring, spacious kitchen with ample cabinetry, granite countertops, gas fireplace, and new hot water heater! The first-floor guest bedroom with nearby full bath and walk-in shower provide convenience for guests or multi-generational living. The upstairs features a spacious loft with additional flexible space for a home office, playroom, or media area. The oversized primary bedroom features an en suite bath with walk-in shower and ample closet space. Enjoy the privacy of the fully fenced backyard from the screened-in porch with separate grilling area. An ideal space for entertaining or simply unwinding. Located just minutes to I-40/I-85 and convenient to shopping, dining, and entertainment.
| |||
| Aug 22, 2022 | Sold | ||
| Sold | |||
| Jul 14, 2022 | Listed by Keller Williams Central | $460,000 | |
| Listed by Keller Williams Central | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Listed On
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HOA + Taxes
About Mebane
Similar Homes for Sale
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Listed by: Donna L Dunevant, Keller Williams Central
Last Updated: 2 years ago
Data Source: TMLS, MLS# 124002
Last Updated: 2 years ago
Data Source: TMLS, MLS# 124002
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