$415,000
●
House -
Off Market
1240 Miracle Drive
Wake Forest, NC 27587
3 Beds
2 Baths,
1
Half Bath
2,057 Ft²
$2,441
Est. Monthly
$46
HOA / Fees
About This Property
AMAZING VIEW, PHEONOMENAL LOCATION!! Freshly refinished hardwoods
and Brand New Stainless Steel Kitchen Appliances!!!Step inside this
beautiful three-bedroom, two-and-a-half-bath home with a bonus
room! Complete with Brand New Granite Countertops, Updated light
fixtures, Newer Roof (2020) Not one but TWO Newer HVAC units (2021)
Refinished Hardwood floors on the first floor, formal dining
room, breakfast nook, office nook, custom built ins, bonus room,
two car garage with extra storage space and screened in porch
overlooking the pond! Whether you enjoy fishing, walking, or just
enjoying the serene water views, this home has it all! Neighborhood
amenities include a pool, tennis courts, playground and doggie doo
stations! Conveniently located in the Heart of Wake Forest on the
best street in Cimarron!
Unit Size
2,057 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$204
Property Type
House
Property Taxes
$337
HOA Dues
$46
Year Built
2001
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Cap Rate Calculator
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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: 8 months ago (TMLS #10143392)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 7, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Listed by Allen Tate/Wake Forest | $419,000 | |
| Listed by Allen Tate/Wake Forest | |||
| Dec 5, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Park Place at Cimarron
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Listed by: Jaime Gutierrez, Allen Tate/Wake Forest
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10143392
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10143392
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