$2,900,000
●
Land -
Off Market
155 Settlement Drive
Apex, NC 27523
Studio
0 Bath
$15,100
Est. Monthly
About This Property
Welcome to Cavallino Ranch...11 open & wooded acres, w/pond
frontage, in Exclusive Heritage Pointe INCLUDING this English-style
Barn with attached luxury living quarters - just finished! Tucked
away in Apex, NC/Chatham County-the best of both worlds-seclusion &
convenience! Not your typical barn, stables & quarters
though. Thoughtfully named for the Cavallino horse and is perfect
blend of rustic luxury & modern comfort, making it a haven for
horses & a retreat for their owners! As you enter the property,
you'll be captivated by its timeless appeal. The distinctively
sloped shake roof, custom cypress siding, steel windows and doors
seamlessly merge with the natural surroundings. Form meets function
here for up to 4 horses & their caretakers alike. All 4 breeding
sized horse stalls are complete w/ padded floors, custom steel
windows & automatic waterers. Also in the barn you'll find a wash
stall, state of the art feed room & an impressive tack & laundry
room. In the attached living quarters you'll be welcomed by
completely custom & luxurious finishes throughout - white oak,
solid brass, steel, quartzite, tall windows & Views!
Unit Size
-
Days on Market
-
Land Size
10.98 acres
Price per sqft
-
Property Type
Land
Property Taxes
$369
HOA Dues
-
Year Built
2022
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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 #2538945)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Oct 25, 2023 | Listed by Compass -- Raleigh | $3,000,000 | |
| Listed by Compass -- Raleigh | |||
| | |||
|
Welcome to Cavallino Ranch...11 open & wooded acres, w/pond frontage, in Exclusive Heritage Pointe INCLUDING this English-style Barn with attached luxury living quarters - just finished! Tucked away in Apex, NC/Chatham County-the best of both worlds-seclusion & convenience! Not your typical barn, stables & quarters though. Thoughtfully named for the Cavallino horse and is perfect blend of rustic luxury & modern comfort, making it a haven for horses & a retreat for their owners! As you enter the property, you'll be captivated by its timeless appeal. The distinctively sloped shake roof, custom cypress siding, steel windows and doors seamlessly merge with the natural surroundings. Form meets function here for up to 4 horses & their caretakers alike. All 4 breeding sized horse stalls are complete w/ padded floors, custom steel windows & automatic waterers. Also in the barn you'll find a wash stall, state of the art feed room & an impressive tack & laundry room. In the attached living quarters you'll be welcomed by completely custom & luxurious finishes throughout - white oak, solid brass, steel, quartzite, tall windows & Views!
| |||
| May 28, 2020 | Sold | ||
| Sold | |||
| Dec 28, 2017 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Garage
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
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HOA + Taxes
About Chatham
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Listed by: Debbie Van Horn, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2538945
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2538945
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