$500,000
●
House -
Off Market
108 St Thomas Drive
Chapel Hill, NC 27517
3 Beds
2 Baths,
1
Half Bath
1,764 Ft²
$2,900
Est. Monthly
$80
HOA / Fees
4.45%
Cap Rate
About This Property
This cozy cape cod charmer has an upscale vibe with new light
fixtures, new LVP throughout, fresh paint, defined spaces! Walk,
bike, or roll to Wegmans, Lowes, restaurants, and more! Don't miss
out on this 3 bedroom, 2.5 bath home in quiet Colony Lake. This
home sits on a lake front lot, so you have the peace and serenity
of water views from your backyard. The primary bedroom is on the
main floor and has a walk-in closet, bathroom with tile floors, new
toilet, furniture piece vanity cabinet with two sinks, and a
tub/shower combo. The great room has a two-story ceiling, corner
fireplace, and opens to the kitchen and dining area. There is a
separate den for your home office or a great work-out space, you
decide! Good closet storage. Sliding glass doors go out to the rear
deck with great water views. Detached shed for storage. Ready to
close and move right in. Busline access to Chapel Hill.
Unit Size
1,764 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$283
Property Type
House
Property Taxes
$365
HOA Dues
$80
Year Built
1990
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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: 2 years ago (TMLS #10039512)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 5, 2024 | Listed by Real Estate By Design | $500,000 | |
| Listed by Real Estate By Design | |||
| | |||
|
This cozy cape cod charmer has an upscale vibe with new light fixtures, new LVP throughout, fresh paint, defined spaces! Walk, bike, or roll to Wegmans, Lowes, restaurants, and more! Don't miss out on this 3 bedroom, 2.5 bath home in quiet Colony Lake. This home sits on a lake front lot, so you have the peace and serenity of water views from your backyard. The primary bedroom is on the main floor and has a walk-in closet, bathroom with tile floors, new toilet, furniture piece vanity cabinet with two sinks, and a tub/shower combo. The great room has a two-story ceiling, corner fireplace, and opens to the kitchen and dining area. There is a separate den for your home office or a great work-out space, you decide! Good closet storage. Sliding glass doors go out to the rear deck with great water views. Detached shed for storage. Ready to close and move right in. Busline access to Chapel Hill.
| |||
| Mar 22, 2013 | Sold | ||
| Sold | |||
| Dec 29, 2006 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
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 Colony Lake
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Listed by: Lisa Ellis, Real Estate By Design
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10039512
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10039512
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