$590,000
●
House -
Off Market
1800 Willie Pace Road
Burlington, NC 27217
3 Beds
2 Baths
2,308 Ft²
$3,101
Est. Monthly
3.61%
Cap Rate
About This Property
Are you ready for some space? Come check out this modern farmhouse
on almost 13 acres in Western District perfect for a mini farm!
Built in 2022 this open floor plan home offers so many features
including quartz countertops, built in appliances, kitchen island,
separate pantry and flex space. The primary ensuite includes a
double bowl vanity, walk-in tiled shower and walk-in closet.
Property features a 4 bedroom perc site if additional space is
needed, a storage building and dog kennel with power, water and
wash area! Only 12 miles from i40/85 corridor for easy commuting!
Unit Size
2,308 Ft²
Days on Market
-
Land Size
12.99 acres
Price per sqft
$251
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
2022
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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 #10041890)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | Listed by Re/MaxDiamond Realty | $579,900 | |
| Listed by Re/MaxDiamond Realty | |||
| | |||
|
Are you ready for some space? Come check out this modern farmhouse on almost 13 acres in Western District perfect for a mini farm! Built in 2022 this open floor plan home offers so many features including quartz countertops, built in appliances, kitchen island, separate pantry and flex space. The primary ensuite includes a double bowl vanity, walk-in tiled shower and walk-in closet. Property features a 4 bedroom perc site if additional space is needed, a storage building and dog kennel with power, water and wash area! Only 12 miles from i40/85 corridor for easy commuting!
| |||
| Nov 1, 2023 | No longer available | - | |
| No longer available | |||
| Aug 5, 2023 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Jul 12, 2023 | Listed by Don Anthony Realty, LLC | $650,000 | |
| Listed by Don Anthony Realty, LLC | |||
| | |||
|
Gorgeous 2022 Modern Farmhouse with Open Floor Plan. Gourmet Kitchen Featuring Quartz Countertops, Island with Sink & Dishwasher, Tons of Cabinet Space, Pantry, Stainless Steel Appliances; Wall Oven, Built-in Microwave, Gas Cooktop. Large Primary Suite with Dual Vanity, Tile Shower, Linen Closet & Walk-in Closet. Two Great Sized Bedrooms Sharing a Full Hall Bath. Flex Space with Built-ins. Mudroom with Stackable Washer & Dryer and Sink. Vinyl Plank Flooring Throughout. Amazing Front Porch with Swing. Covered 12 x16 Back Patio. Dog Kennel with Power (A/C) & Water, Wash Tub & 3 kennels. All Nestled on 13 Acres. 4 Bedroom Septic System Allowing for Future Bedroom Addition. Horses, Hens & Goats Welcome!! The manager has listed the unit size as 2235 square feet.
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Alamance
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Listed by: Lauren L. Croniser, Re/MaxDiamond Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041890
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041890
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