$369,900
●
House -
Off Market
1705 Phillips Drive
Sanford, NC 27330
3 Beds
2 Baths,
1
Half Bath
1,929 Ft²
$2,119
Est. Monthly
5.49%
Cap Rate
About This Property
Come visit this Sanford oasis of a property! This property is
being sold with two lots for combined acreage of just under an
acre. There's a covered porch, salt water in-ground pool,
with patio, wonderful mature landscaping and a relaxing creek.
This home features 3 bedrooms, updated bathrooms, wood burning fireplace and newer stainless steel kitchen appliances that convey with the home.
Large driveway can fit plenty of cars. Garage was converted by previous owners to a heated/cooled flex space with some storage space leftover as well.
This home features 3 bedrooms, updated bathrooms, wood burning fireplace and newer stainless steel kitchen appliances that convey with the home.
Large driveway can fit plenty of cars. Garage was converted by previous owners to a heated/cooled flex space with some storage space leftover as well.
Unit Size
1,929 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$192
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1977
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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 #10024999)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | Listed by Allen Tate/Raleigh-Falls Neuse | $369,900 | |
| Listed by Allen Tate/Raleigh-Falls Neuse | |||
| | |||
|
Come visit this Sanford oasis of a property! This property is being sold with two lots for combined acreage of just under an acre. There's a covered porch, salt water in-ground pool, with patio, wonderful mature landscaping and a relaxing creek.
This home features 3 bedrooms, updated bathrooms, wood burning fireplace and newer stainless steel kitchen appliances that convey with the home.
Large driveway can fit plenty of cars. Garage was converted by previous owners to a heated/cooled flex space with some storage space leftover as well.
| |||
| Aug 14, 2020 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Sanford
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Colleen Blatz, Allen Tate/Raleigh-Falls Neuse
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10024999
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10024999
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