$415,000
●
House -
Off Market
1601 Wake Drive
Wake Forest, NC 27587
3 Beds
2 Baths
1,420 Ft²
$2,271
Est. Monthly
4.99%
Cap Rate
About This Property
Have you been searching for a true ranch home on a large, flat,
premium lot in a great location, yet free from a restrictive HOA
dictating your every move? Your wait is over. Welcome to 1601 Wake
Dr., an extensively updated and well maintained all-brick,
3-bedroom ranch home, located just minutes from shopping, dining,
cafes, and leading medical facilities. Enjoy the freedom of living
without the restrictive and costly requirements of an HOA, allowing
you to truly make this property your own. With this over-sized,
wide, flat, corner lot, the possibilities are endless, including
additions, outbuildings, extra garages, a pool, or even the
potential to subdivide into two lots. Recent updates include
refinished real wood flooring, fresh interior paint, an updated
kitchen with soft closing drawers, new counter tops, updated baths,
custom tile work, and an expansive new concrete driveway with added
parking. Don't miss out on this rare and exceptional opportunity!
Call today to schedule your exclusive private showing of one of the
best and most convenient Wake Forest locations to call home.
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$299
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1969
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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 #10043864)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Jul 27, 2024 | Listed by Golden Realty | $425,000 | |
| Listed by Golden Realty | |||
| | |||
|
Have you been searching for a true ranch home on a large, flat, premium lot in a great location, yet free from a restrictive HOA dictating your every move? Your wait is over. Welcome to 1601 Wake Dr., an extensively updated and well maintained all-brick, 3-bedroom ranch home, located just minutes from shopping, dining, cafes, and leading medical facilities. Enjoy the freedom of living without the restrictive and costly requirements of an HOA, allowing you to truly make this property your own. With this over-sized, wide, flat, corner lot, the possibilities are endless, including additions, outbuildings, extra garages, a pool, or even the potential to subdivide into two lots. Recent updates include refinished real wood flooring, fresh interior paint, an updated kitchen with soft closing drawers, new counter tops, updated baths, custom tile work, and an expansive new concrete driveway with added parking. Don't miss out on this rare and exceptional opportunity! Call today to schedule your exclusive private showing of one of the best and most convenient Wake Forest locations to call home.
| |||
| Jan 21, 2011 | Sold | ||
| Sold | |||
| Nov 7, 2003 | Sold | ||
| Sold | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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Listed by: Man Leete, Golden Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043864
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043864
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