$525,000
●
House -
Off Market
115 Mill Chapel Road
Chapel Hill, NC 27517
3 Beds
3 Baths,
1
Half Bath
2,752 Ft²
$785,113
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
Simply exquisite inside & out. Obviously owned by 2 designers
with a mid-century modern flair that is impeccable. But
whatever your style the setting is superb. Note the custom
light fixtures that are each a work of art; the lutron lighting
controls; the hardwood floors throughout; the sophisticated paint
palate executed to perfection; the screen porch & spacious deck;
the perfectly grounds that are fenced & landscaped for beauty &
privacy. The height of sophistication & style & design.
Unit Size
2,752 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$194
Property Type
House
Property Taxes
$395
HOA Dues
$66
Year Built
2016
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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 #2257551)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2019 | Sold | ||
| Sold | |||
| May 27, 2019 | Listed by Cooke Property | $535,000 | |
| Listed by Cooke Property | |||
| Apr 20, 2017 | Sold | ||
| Sold | |||
| Apr 11, 2016 | Listed by Weekley Homes, LLC | $469,900 | |
| Listed by Weekley Homes, LLC | |||
| | |||
|
Open, spacious floor plan. Dream kitchen with 11' island & walk in pantry. Wall of windows in main living area. Covered front and back porches. Owner's suite is tucked away on the main level and features a 9' walk in, tile shower. Custom wood shelving in owners walk in closet. Main level office/retreat area and powder room as well. Upstairs features an open, spacious loft, 2 large bedrooms, 1 full bath, and walk in storage.
| |||
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
Type
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ft²
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Sold On
HOA + Taxes
About Durham
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Listed by: Lucia Cooke, Cooke Property
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2257551
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2257551
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