$205,000
●
Condo -
Off Market
159 Gallery Drive #104
Spring Lake, NC 28390
3 Beds
2 Baths
1,399 Ft²
$1,317
Est. Monthly
$286
HOA / Fees
9.23%
Cap Rate
About This Property
Welcome home to this beautiful 3 bedroom 1st floor condo unit in
desirable Anderson lake gated community. This unit has engineered
hardwood floors throughout and an open floor plan that is great for
entertaining! The living room is spacious and back door leads to
patio. That over looks 1 of many community pools! The kitchen has
dark granite countertops, natural wood colored cabinets and dark
appliances. 2 bedrooms are located off of the living room and a
third room is situated off the foyer. All this and more, schedule
your showing today!!
Unit Size
1,399 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
Condo
Property Taxes
-
HOA Dues
$286
Year Built
-
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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: 2 years ago (TMLS #LP721073)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Sep 29, 2024 | Price Decreased |
$209,900
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Aug 22, 2024 | Price Increased |
$214,900
↑ $5K
(2.4%) | |
| Price Increased | |||
| Mar 12, 2024 | Listed by OFFERPAD BROKERAGE | $209,900 | |
| Listed by OFFERPAD BROKERAGE | |||
Show More
Property Highlights
Fireplace
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Entrance Foyer, Walk-In Closet(s)
Appliances: Dishwasher, Microwave, Range
Flooring Type: Carpet, Hardwood, Tile, Vinyl, Wood
Laundry Features: Main Level
Rooms: 6
Has Fireplace
Fireplaces: 1
Exterior Details
Square Footage: 1399
Year Built: 2007
Building Area Total: 1399
Levels: One
Building Area Units: Square Feet
Construction Materials: Brick Veneer, Fiber Cement
Patio and Porch Features: Covered, Patio
Utilities Details
Heating Type: Heat Pump
Location Details
HOA Fee: $286
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/01/2026
|
3 Bed
|
2 Bath
|
1430 ft²
|
$199,000
3 Bed
2 Bath
1430 ft²
|
$192,000
-3.52%
03/24/2026
|
PAMELA WIGGS
BROWN PROPERTY GROUP
| |
|
05/22/2025
|
3 Bed
|
2 Bath
|
1366 ft²
|
$212,000
3 Bed
2 Bath
1366 ft²
|
$207,000
-2.36%
09/11/2025
|
KAREN HUDSON
ANDERSON CREEK REALTY LLC
| |
|
05/31/2024
|
3 Bed
|
2 Bath
|
1399 ft²
|
$223,000
3 Bed
2 Bath
1399 ft²
|
$205,000
-8.07%
11/21/2024
|
Jacqueline Shaffer
Offerpad Brokerage LLC
| |
|
03/12/2024
|
3 Bed
|
2 Bath
|
1399 ft²
|
$229,900
3 Bed
2 Bath
1399 ft²
|
-
-
|
Steve G Metarelis
Offerpad Brokerage LLC
| |
|
03/01/2022
|
2 Bed
|
2 Bath
|
-
|
$195,000
2 Bed
2 Bath
|
-
-
|
REBECCA SEIZERT
PINELAND REALTY LLC
| |
|
06/11/2020
|
3 Bed
|
2 Bath
|
-
|
$152,999
3 Bed
2 Bath
|
$150,000
-1.96%
08/25/2020
|
MELISSA CRUMLEY
PINELAND REALTY LLC
| |
|
04/05/2017
|
3 Bed
|
2 Bath
|
-
|
$148,900
3 Bed
2 Bath
|
$139,500
-6.31%
06/08/2017
|
ERICA MORGAN
CASA MORGAN REAL ESTATE, LLC
| |
|
12/23/2016
|
3 Bed
|
2 Bath
|
-
|
$129,900
3 Bed
2 Bath
|
$125,000
-3.77%
04/21/2017
|
LaRue PAGE
RE/MAX PREMIER PROPERTIES
| |
|
01/31/2016
| |
3 Bed
|
2 Bath
|
-
|
$150,000
3 Bed
2 Bath
|
$145,000
-3.33%
11/07/2016
|
GRULLON TEAM
COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
|
Building Info
About Fairway
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Listed by: STEVE METARELIS, OFFERPAD BROKERAGE
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP721073
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP721073
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