$420,000
●
House -
Off Market
1219 Lael Forest Trail
Burlington, NC 27215
4 Beds
3 Baths
2,617 Ft²
$2,478
Est. Monthly
$21
HOA / Fees
5.82%
Cap Rate
About This Property
Welcome home to your stunning move-in ready home at Mackintosh on
the Lake! Sunny open floorplan with lots of natural light
throughout the grand entry. Walking in you are met with the formal
dining area, wainscotting, crown molding, upgraded lighting &
gleaming rod iron spindles! Spacious open living with custom
stonework surrounding your gas log fireplace & eat at kitchen
island! Gas stove, granite counters, s/s appliances, tons of
cabinets, dining & prepping space in your huge bright kitchen!
Guest suite on main level for convenience! 2nd floor boasts a large
owners suite, 3rd & 4th spacious bedrooms & a huge bonus or 5th
bedroom! Plenty of space! Relax on your beautiful covered porch
with custom stone grill, ceiling fan & outdoor television!
Communitywide resort style amenities include pool, splash pad,
basketball, volleyball, & tennis courts. Miles of sidewalks &
planned community events for all ages! Located near shopping,
highways, medical, schools & more! Love where you live!
Unit Size
2,617 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$164
Property Type
House
Property Taxes
$345
HOA Dues
$21
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 #10020133)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2024 | Sold | ||
| Sold | |||
| Apr 1, 2024 | Listed by eXp Realty, LLC #2 | $430,000 | |
| Listed by eXp Realty, LLC #2 | |||
| | |||
|
Welcome home to your stunning move-in ready home at Mackintosh on the Lake! Sunny open floorplan with lots of natural light throughout the grand entry. Walking in you are met with the formal dining area, wainscotting, crown molding, upgraded lighting & gleaming rod iron spindles! Spacious open living with custom stonework surrounding your gas log fireplace & eat at kitchen island! Gas stove, granite counters, s/s appliances, tons of cabinets, dining & prepping space in your huge bright kitchen! Guest suite on main level for convenience! 2nd floor boasts a large owners suite, 3rd & 4th spacious bedrooms & a huge bonus or 5th bedroom! Plenty of space! Relax on your beautiful covered porch with custom stone grill, ceiling fan & outdoor television! Communitywide resort style amenities include pool, splash pad, basketball, volleyball, & tennis courts. Miles of sidewalks & planned community events for all ages! Located near shopping, highways, medical, schools & more! Love where you live!
| |||
| Oct 21, 2021 | Sold | ||
| Sold | |||
| Nov 3, 2016 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
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
Price/ft²
Asking Price
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Sold On
Sold On
HOA + Taxes
About Burlington
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Listed by: Lauren Gibson, eXp Realty, LLC #2
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10020133
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10020133
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