$240,000
●
House -
Off Market
114 W Chestnut Avenue
Wake Forest, NC 27587
3 Beds
2 Baths
1,020 Ft²
$255,306
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Multiple Offers. Best by 5:00pm, Sun,8/29. Don't miss this light
filled ranch w/popular split bedroom floor plan. Laminate
floors,ceiling fans throughout. Large, sunny family room has
vaulted ceiling. New dishwasher in large kitchen w/sliding glass
door (new 2017) to back deck. Master bedroom with walk in closet,
ceiling fan and separate bath. Covered front porch and large fenced
in yard with garden space and storage building. Windows installed
2017. Refrigerator, washer & dryer convey w/acceptable offer!
Unit Size
1,020 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$220
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
1992
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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 #2403919)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2021 | Sold | ||
| Sold | |||
| Aug 25, 2021 | Listed by Triangle Midtown Realty | $224,900 | |
| Listed by Triangle Midtown Realty | |||
| May 31, 2016 | Sold | ||
| Sold | |||
| Mar 9, 2016 | Listed by Spencer Properties | $125,000 | |
| Listed by Spencer Properties | |||
| | |||
|
Beautifully updated ranch w/rocking chair front porch in prime location! Laminate hardwood floors throughout. Large sunny living room w/vaulted ceiling & fan. Kitchen w/lots of cabinets & counter space, stainless dishwasher & french door refrigerator. Dining area w/chandelier. Master bedroom w/walk-in closet, ceiling fan & private bath w/separate dressing area. Additional bedrooms w/ceiling fans & large closets. Deck overlooking large private fenced back yard w/storage building.
| |||
| Dec 30, 2009 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Wake Forest
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Listed by: Debbie England, Triangle Midtown Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2403919
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2403919
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