$315,000
●
House -
Off Market
122 Apache Drive
Louisburg, NC 27549
3 Beds
2 Baths
1,433 Ft²
$1,818
Est. Monthly
$95
HOA / Fees
6.18%
Cap Rate
About This Property
Live the good life in Lake Royale! This sweet cottage is on a large
parcel of two lots equaling almost an acre. Built in 2018, this
home is in immaculate condition. Enjoy a cozy fireplace, large
kitchen with granite counters, three roomy bedrooms with two full
baths on the main floor, plus a large bonus room the second floor.
Outdoors you'll find a large deck and patio surrounded by lush,
green trees for privacy. Garage plus a storage shed with plenty of
storage. Fishing, beach access, pool, playground, volleyball,
basketball, clubhouse and more included in HOA. Boat dock rentals
available. All of this in a well-maintained gated community. Home
has a whole-house water filtration system. Gas powered generator
can convey with full price offer.
Unit Size
1,433 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$227
Property Type
House
Property Taxes
$127
HOA Dues
$95
Year Built
-
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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 #10036751)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2024 | Sold | ||
| Sold | |||
| Jun 20, 2024 | Listed by Redfin Corporation | $325,000 | |
| Listed by Redfin Corporation | |||
| | |||
|
Live the good life in Lake Royale! This sweet cottage is on a large parcel of two lots equaling almost an acre. Built in 2018, this home is in immaculate condition. Enjoy a cozy fireplace, large kitchen with granite counters, three roomy bedrooms with two full baths on the main floor, plus a large bonus room the second floor. Outdoors you'll find a large deck and patio surrounded by lush, green trees for privacy. Garage plus a storage shed with plenty of storage. Fishing, beach access, pool, playground, volleyball, basketball, clubhouse and more included in HOA. Boat dock rentals available. All of this in a well-maintained gated community. Home has a whole-house water filtration system. Gas powered generator can convey with full price offer.
| |||
| Mar 23, 2021 | Sold | ||
| Sold | |||
| Feb 5, 2021 | Listed by Hunt For Homes Inc. | $235,000 | |
| Listed by Hunt For Homes Inc. | |||
| | |||
|
Beautiful ranch home in GATED COMMUNITY w/garage & BONUS room on almost an acre lot in Lake Royale. This home features beautiful wood laminate flooring, carpet & ceramic tile in baths! Stainless steel appl, GRANITE counter tops and glass tile BS. Gas log FP in LR! This gorgeous home has a front porch & back deck, plus a large concrete patio perfect for lounging around the firepit! Home is within walking dist to Apache Inlet area/boat dock! LR offers clubhouse, beaches, pool and LAKE LIFE!
| |||
| Jan 17, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
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ft²
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About Lake Royale
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Listed by: Stacey Delgado, Redfin Corporation
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10036751
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10036751
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