$125,000
●
Condo -
Off Market
159 Gallery Drive #UNIT201
Spring Lake, NC 28390
3 Beds
2 Baths
$211,798
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model
About This Property
-Very well maintained 2nd floor condo with vaulted ceiling.
Master Bedroom with large master bath; There is a room
off from the master that has a closet, can be used as a bedroom
(this is 3rd BR), or study or den; Condo is in great
condition; stainless steel appliances;-Very well maintained 2nd
floor condo with vaulted ceiling. Master Bedroom with large
master bath; There is a room off from the master that has a
closet, can be used as a bedroom, or study or den; Condo is
in great condition; stainless steel appliances;
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
-
HOA Dues
$199
Year Built
-
Payment Calculator
Home Price
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
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Expenses Per Year
Operating Profit Per Year
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 #LP512128)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2017 | Sold | ||
| Sold | |||
| Dec 23, 2016 | Listed by PREMIER PROPERTIES | $129,900 | |
| Listed by PREMIER PROPERTIES | |||
Property Highlights
Fireplace
Parking Details
Parking Features: None
Interior Details
Full Bathrooms: 2
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Kitchen/Dining Room Combination, Whirlpool Tub
Appliances: Dishwasher, Microwave, Range, Refrigerator
Flooring Type: Hardwood, Tile, Vinyl
Rooms: 5
Has Fireplace
Fireplace Features: Prefabricated
Exterior Details
Year Built: 2007
Building Area Units: Square Feet
Construction Materials: Brick Veneer
Patio and Porch Features: Covered
Pool Features: Community
Utilities Details
Heating Type: Heat Pump
Location Details
HOA Fee: $199
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: LaRue PAGE, PREMIER PROPERTIES
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP512128
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP512128
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