$240,000
●
House -
Off Market
113 Forestview Drive
Elon, NC 27244
4 Beds
3 Baths,
1
Half Bath
$368,292
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
Renovated 4 Bedrooms, 3.5 Bath Located In Established Neighborhood,
Within Minutes To I-40, Alamance Crossing, Elon University. The
Main Level Offers Hardwood Floors Throughout, Owner's Suite With 2
Full Baths, Office/Study Overlooking The Large Backyard. Beautiful
Kitchen With Granite Counter Tops, Stainless Appliances. Beth
Schmidt Park Is A Walk Through The Woods & Old Forest Racquet Club
Is Just A Block Away.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1977
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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 #98625)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Price Decreased |
$390,000
↓ $18K
(4.4%) | |
| Price Decreased | |||
| Nov 16, 2024 | Listed by Keller Williams Central | $408,000 | |
| Listed by Keller Williams Central | |||
| | |||
|
Located in a well established Elon neighborhood, this contemporary style home is nestled on a .5 acre lot with mature shade trees. Updated kitchen with granite and stainless-steel appliances with large eat-in area. Spacious, sun-filled living area with vaulted ceiling & fireplace. Main floor primary suite w/vaulted ceilings & dual en-suite full baths & walk-in closets. Hardwoods downstairs with great open entertainment flow. Flex room perfect for office or pet grooming area. 3 additional bedrooms on second floor with a study loft at the top of the stairs. Dog run & pet compartmentalized back yard off of the deck. Oversized garage with plenty of cabinets. Back yard connects to Elon's Beth Schmidt Park where you can enjoy walking trails, disc golf, picnic areas & community center. Also walking distance to Olde Forest Racquet Club which offers memberships for tennis, swim, pickleball & social activities. 3 minutes to Lowes Foods, 5 Minutes to Elon U, 7 minutes to Alamance Crossing/Interstate.
| |||
| Dec 2, 2021 | Sold | ||
| Sold | |||
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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
Beds
Baths
ft²
Price/ft²
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About Elon
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Listed by: Amy Scoggins, ASCOGGINS & COMPANY
Last Updated: 2 years ago
Data Source: TMLS, MLS# 98625
Last Updated: 2 years ago
Data Source: TMLS, MLS# 98625
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