$980,000
●
House -
Off Market
1104 Fanning Drive
Wake Forest, NC 27587
5 Beds
4 Baths,
1
Half Bath
5,264 Ft²
$5,525
Est. Monthly
$24
HOA / Fees
2.60%
Cap Rate
About This Property
Welcome to this RARE BASEMENT CUSTOM HOME on a cul-de-sac lot
located in award-winning Heritage at Wake Forest! Bright &
sunny, open floorplan features TWO staircases! Stunning gourmet
kitchen w/ BRAND NEW backsplash, updated light fixtures, granite
counters, upgraded cherry cabinets, large pantry, stainless steel
appliances & spacious breakfast room! The gorgeous stone fireplace
is the center of the large family room that is bursting with
natural light through the custom plantation shutters! Formal living
room/office, formal dining room, AND guest bedroom complete the
main level! The expansive primary suite won't disappoint with its
large walk-in shower, soaking tub & double vanity. Three additional
bedrooms, two additional full baths, AND a large bonus room
complete the 2nd floor! HUGE FINISHED walk-out basement stuns with
a custom built-in bar, full bathroom & brand-new carpet! Hot water
heater replaced in 2025! Enjoy the large private lot from the
open-air deck with Trex decking or take in the cozy summer nights
on the backyard paver patio under the lights!! Come home to
this custom beauty & enjoy the endless entertaining possibilities!
Unit Size
5,264 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$189
Property Type
House
Property Taxes
$621
HOA Dues
$24
Year Built
2007
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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 #10080978)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Mar 7, 2025 | Listed by RE/MAX Capital | $994,000 | |
| Listed by RE/MAX Capital | |||
| | |||
|
Welcome to this RARE BASEMENT CUSTOM HOME on a cul-de-sac lot located in award-winning Heritage at Wake Forest! Bright & sunny, open floorplan features TWO staircases! Stunning gourmet kitchen w/ BRAND NEW backsplash, updated light fixtures, granite counters, upgraded cherry cabinets, large pantry, stainless steel appliances & spacious breakfast room! The gorgeous stone fireplace is the center of the large family room that is bursting with natural light through the custom plantation shutters! Formal living room/office, formal dining room, AND guest bedroom complete the main level! The expansive primary suite won't disappoint with its large walk-in shower, soaking tub & double vanity. Three additional bedrooms, two additional full baths, AND a large bonus room complete the 2nd floor! HUGE FINISHED walk-out basement stuns with a custom built-in bar, full bathroom & brand-new carpet! Hot water heater replaced in 2025! Enjoy the large private lot from the open-air deck with Trex decking or take in the cozy summer nights on the backyard paver patio under the lights!! Come home to this custom beauty & enjoy the endless entertaining possibilities!
| |||
| Jun 16, 2011 | Sold | ||
| Sold | |||
| Dec 19, 2007 | Sold | ||
| Sold | |||
Property Highlights
Garage
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 Heritage North
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Listed by: Mary Smyth, RE/MAX Capital
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10080978
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10080978
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