1602 Cedar Pointe Drive
About This Property
The first-floor primary suite provides convenience and privacy, and the home offers ample storage, including walk-in attic space. Enjoy the outdoors on the newly added spectacular covered back porch (2023)-an ideal spot for entertaining or relaxing while overlooking the beautiful, private lot (over 1 acre!) with a circle driveway. Additional updates include new HVAC (24/25), roof (2022), gutters, and leaf guard, ensuring peace of mind for years to come. Transferrable warranties for HVAC and some plumbing. Located in a friendly, peaceful neighborhood just minutes from Mebane's charming boutiques, restaurants, and parks, this home is the perfect blend of comfort and convenience. Don't miss this rare
opportunity-schedule your showing today!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Feb 22, 2025 | Listed by Coldwell Banker Advantage Hend | $379,900 | |
| Listed by Coldwell Banker Advantage Hend | |||
| | |||
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Don't miss this meticulously maintained charmer on a quiet cul-de-sac near historic downtown Mebane! This beautifully updated 3-bedroom, 2.5-bath home offers modern upgrades and timeless appeal. Step inside to find new hardwood floors, crown molding, and elegant wainscoting, creating a warm and inviting atmosphere. The spacious kitchen boasts granite countertops and new stainless-steel appliances, perfect for any home chef, while the updated tile bathrooms add a luxurious touch.
The first-floor primary suite provides convenience and privacy, and the home offers ample storage, including walk-in attic space. Enjoy the outdoors on the newly added spectacular covered back porch (2023)—an ideal spot for entertaining or relaxing while overlooking the beautiful, private lot (over 1 acre!) with a circle driveway. Additional updates include new HVAC (24/25), roof (2022), gutters, and leaf guard, ensuring peace of mind for years to come. Transferrable warranties for HVAC and some plumbing. Located in a friendly, peaceful neighborhood just minutes from Mebane's charming boutiques, restaurants, and parks, this home is the perfect blend of comfort and convenience. Don't miss this rare
opportunity—schedule your showing today!
| |||
| Aug 19, 2016 | Sold | ||
| Sold | |||
| Apr 14, 2016 | Listed by Coldwell Banker Advantage Hend | $179,900 | |
| Listed by Coldwell Banker Advantage Hend | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017