$545,000
●
House -
Off Market
1412 Monterey Bay Drive
Wake Forest, NC 27587
2 Beds
2 Baths
1,804 Ft²
$3,330
Est. Monthly
$252
HOA / Fees
2.04%
Cap Rate
About This Property
Gorgeous one level plan that shows like a model!
Light and bright with 2 bedrooms ,2 baths plus an office, sunroom and screened porch. The gourmet kitchen has a gas cooktop, wall oven, custom backsplash and large island. A beautiful fireplace with stone, floor to ceiling is the focal point in the family room. The large master bath has a tiled walk in shower and custom cabinets in the closet. Enjoy the private fenced backyard with added landscaping and trees. The amenities are unbeatable in this 55+ community at Del Webb at Traditions. Clubhouse, fitness center, indoor pool and many clubs and activities. Close to shopping, restaurants and downtown Wake Forest.
Light and bright with 2 bedrooms ,2 baths plus an office, sunroom and screened porch. The gourmet kitchen has a gas cooktop, wall oven, custom backsplash and large island. A beautiful fireplace with stone, floor to ceiling is the focal point in the family room. The large master bath has a tiled walk in shower and custom cabinets in the closet. Enjoy the private fenced backyard with added landscaping and trees. The amenities are unbeatable in this 55+ community at Del Webb at Traditions. Clubhouse, fitness center, indoor pool and many clubs and activities. Close to shopping, restaurants and downtown Wake Forest.
Unit Size
1,804 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$308
Property Type
House
Property Taxes
$352
HOA Dues
$252
Year Built
2019
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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: 2 years ago (TMLS #10015678)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Mar 7, 2024 | Listed by Keller Williams Preferred Realty | $555,000 | |
| Listed by Keller Williams Preferred Realty | |||
| | |||
|
Gorgeous one level plan that shows like a model!
Light and bright with 2 bedrooms ,2 baths plus an office, sunroom and screened porch. The gourmet kitchen has a gas cooktop, wall oven, custom backsplash and large island. A beautiful fireplace with stone, floor to ceiling is the focal point in the family room. The large master bath has a tiled walk in shower and custom cabinets in the closet. Enjoy the private fenced backyard with added landscaping and trees. The amenities are unbeatable in this 55+ community at Del Webb at Traditions. Clubhouse, fitness center, indoor pool and many clubs and activities. Close to shopping, restaurants and downtown Wake Forest.
| |||
| Feb 7, 2020 | 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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Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Wake
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Listed by: Karen Tehrani, Keller Williams Preferred Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015678
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015678
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