$225,000
●
House -
Off Market
1723 Erwin Avenue
Burlington, NC 27217
2 Beds
2 Baths
1,169 Ft²
$237,443
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Beautifully updated one level home with easy access to I-40. Enjoy
the updated kitchen with butcher block countertops, an upgraded
sink with a high-arc spring faucet, a stainless steel dishwasher
and stove, a gorgeous tiled backsplash, open cabinetry and shelves,
and new laminate flooring. Don't miss the beautifully updated
bathroom with a rounded shower enclosure and waterfall showerhead,
and an updated vanity. The home also has hardwood flooring, a
retractable living room ceiling fan with blue tooth option, stained
glass ceiling light fixtures, and a dining room with French doors,
a fireplace, a laundry room, and a partially finished attic space
with flooring. There is also a new roof, a garage with a covered
and sided extension, a widened driveway, and a fenced in backyard.
Unit Size
1,169 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$192
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1947
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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 #2477317)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 16, 2022 | Sold | ||
| Sold | |||
| Oct 4, 2022 | No longer available | - | |
| No longer available | |||
| Oct 4, 2022 | Listed by Real Estate Experts | $225,000 | |
| Listed by Real Estate Experts | |||
| Sep 20, 2022 | Price Decreased |
$225,000
↓ $10K
(4.3%) | |
| Price Decreased | |||
| Sep 13, 2022 | Listed by Real Estate Experts | $235,000 | |
| Listed by Real Estate Experts | |||
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Property Highlights
Air Conditioning
Garage
Fireplace
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 Burlington
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Listed by: Jodi Sharon Bakst, Real Estate Experts
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2477317
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2477317
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