Orange
1309 Lora Ann Drive
25
Map
$309,900
●
House -
In Contract
1309 Lora Ann Drive
Cedar Grove, NC 27231
3 Beds
2 Baths
1,411 Ft²
$1,708
Est. Monthly
About This Property
Peaceful country living on 5.05 acres in Cedar Grove! This
well-maintained 3-bed, 2-bath manufactured home (1,411 sf) blends
privacy with modern updates. The open living/dining/kitchen
features a stacked-stone fireplace, updated cabinetry, subtle tile
backsplash, and stainless appliances. The primary suite offers a
walk-in closet and a spa-style ensuite bath with a corner soaking
tub, dual vanity, and separate shower. Two additional bedrooms and
a full guest bath complete the split floor plan. Enjoy the large
deck overlooking the wooded, private backyard, plus a barn and
detached carport for extra storage and parking. Private well and
septic, central heat pump/AC. A rare opportunity for space and
privacy just minutes from Hillsborough - move-in ready and waiting
for you!
Unit Size
1,411 Ft²
Days on Market
-
Land Size
5.05 acres
Price per sqft
$220
Property Type
House
Property Taxes
$186
HOA Dues
-
Year Built
1998
Listed By
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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: 7 days ago (TMLS #10189573)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Aug 29, 2026 | Listed by Next Home Property Management LLC | $309,900 | |
| Listed by Next Home Property Management LLC | |||
| Jul 21, 2026 | Listed by BEYCOME BROKERAGE REALTY LLC | $319,900 | |
| Listed by BEYCOME BROKERAGE REALTY LLC | |||
   | |||
|
Welcome to peaceful country living on just over 5 acres in Cedar Grove! This well-maintained 3-bed, 2-bath home provides the perfect blend of privacy and modern updates. Extensively remodeled in recent years, the home features an updated kitchen with stylish countertops and cabinetry, updated bathrooms with black ceramic tile flooring, a custom walk-in shower, a double vanity and contemporary finishes throughout. New owners will also appreciate updated paint and flooring across the spacious living areas. Enjoy the outdoors which features a barn in a quiet rural setting and plenty of open acreage to use at your leisure. The home also includes ample parking spaces and a detached two-car carport. A wonderful opportunity for those seeking space, privacy, and move-in-ready c ountry living; this home is a rare find provided at an excellent value that you do not want to miss out on!
| |||
| Jun 20, 2023 | Sold | ||
| Sold | |||
| Mar 23, 2023 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Carport
Parking Features: Carport, Detached, Detached Carport
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Recessed Lighting, Bathtub/Shower Combination, Walk-In Shower
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Flooring Type: Tile, Vinyl, Wood
Laundry Features: Inside, Laundry Room, Washer Hookup
Rooms: 1
Has Fireplace
Fireplace Features: Glass Doors, Masonry, Raised Hearth, Stone
Exterior Details
Square Footage: 1411
Security Features: Smoke Detector(s)
Architectural Style: Ranch
Year Built: 1998
Building Area Total: 1411
Levels: One
Construction Materials: Brick, Vinyl Siding
Patio and Porch Features: Deck
Lot Size Area: 5.05
Lot Size Units: Acres
Lot Size Acres: 5.05
Lot Size Square Feet: 219977
Water Source: Well
Financial Details
Tax Assessed Value: $276,400
Tax Annual Amount: $2,231
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Fireplace(s), Heat Pump
Sewer : Septic Tank
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 Orange
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Listed by: Myisha Sierra Hoyle, Next Home Property Management LLC
Last Updated: 7 days ago
Data Source: TMLS, MLS# 10189573
Last Updated: 7 days ago
Data Source: TMLS, MLS# 10189573
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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