$282,250
●
House -
Off Market
1023 Pamlico Drive
Cary, NC 27511
3 Beds
2 Baths
1,525 Ft²
$446,256
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Awesome opportunity to own an updated brick ranch on a large flat
lot in the heart of Cary. 3 bedrooms, 2 bathrooms, covered
front porch, huge storage building and hardwood floors throughout.
Kitchen was recently remodeled with SS appliances, granite
counters and luxury soft-close cabinets. Updated bathrooms, windows
have been replaced and roof less than 10 years old.
Unit Size
1,525 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$193
Property Type
House
Property Taxes
$170
HOA Dues
-
Year Built
1966
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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 #2202866)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2020 | Sold | ||
| Sold | |||
| Sep 15, 2020 | Listed by Choice Residential Real Estate | $324,900 | |
| Listed by Choice Residential Real Estate | |||
| Sep 9, 2018 | No longer available | - | |
| No longer available | |||
| Sep 6, 2018 | Sold | ||
| Sold | |||
| Aug 14, 2018 | Listed | $295,000 | |
| Listed | |||
| | |||
|
Awesome opportunity to own an updated brick ranch on a large flat lot in the heart of Cary. 3 bedrooms, 2 bathrooms, covered front porch, huge storage building and hardwood floors throughout. Kitchen was recently remodeled with SS appliances, granite counters and luxury soft-close cabinets. Updated bathrooms, windows have been replaced and roof less than 10 years old. The manager has listed the unit size as 1525 square feet.
| |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Plantation Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Brian Hourigan, Choice Residential Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2202866
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2202866
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