$1,025,000
●
House -
Off Market
104 Wild Iris Lane
Chapel Hill, NC 27514
4 Beds
3 Baths,
1
Half Bath
4,413 Ft²
$986,218
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
This custom-built, one-family-owned home is a rare gem nestled in
the sought-after Franklin Hills Subdivision in Chapel Hill.
Boasting 4 spacious bedrooms and 3.5 bathrooms, this residence
offers spacious living. Equipped with a thermal wrap you'll
experience efficient heating and cooling year-round. The central
vacuum system adds convenience. The 2022 50-year roof provides
peace of mind. Inside, hardwoods grace the first floor,
leading to a grand fireplace that invites cozy gatherings.
Floor-to-ceiling windows drench the space with natural light,
showcasing picturesque views. Formal dining, a sitting room and an
office lined with bookshelves cater to your lifestyle. The owners
suite on the main level offers privacy and ease and opens up to the
back deck. A heated and cooled basement, along with a garage and
workshop, offer ample room for projects and hobbies. Step onto the
back deck overlooking lush trees on the half-acre lot, a tranquil
retreat. This home is ready for a new owner to put their own
personality into it! Endless potential in the heart of Chapel Hill.
Unit Size
4,413 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$224
Property Type
House
Property Taxes
$777
HOA Dues
-
Year Built
1990
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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 #2529464)
Price History
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
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Type
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Baths
ft²
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Listed On
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Sold On
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HOA + Taxes
About Franklin Hills
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Listed by: Mckenzie Stamper, Real Broker, LLC - Carolina Collective Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2529464
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2529464
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