$285,000
●
Condo -
Off Market
18605 Ruffner Drive #2D
Cornelius, NC 28031
2 Beds
2 Baths
967 Ft²
$1,848
Est. Monthly
$424
HOA / Fees
4.98%
Cap Rate
About This Property
Incredible condo with elevator access! Open floor plan that flows
from the kitchen to the dining area and into the family room.
Perfect for entertaining. Kitchen features new quartz counters and
a tile backsplash plus stainless appliances (new in 2023). Balcony
to enjoy sunsets with a beverage of choice. Large owner's suite
with a walk-in closet and dual vanities. Spacious secondary
bedroom, another full bathroom and a laundry room complete the
unit. LVP throughout along with fresh paint. Refrigerator, washer
and dryer are all included!
18605 Ruffner #2D is true walking distance (.75mi or less) to multiple restaurants, a brewery, the greenway and, once completed, the new hospital. The ever popular Birkdale Village, Downtown Cornelius, the Northern Regional Rec Center, four different grocery stores including Whole Foods, plus multiple other breweries and coffee shops all within 2.5mi. The Oakhurst neighborhood includes a pool, playground, green-spaces and a large gathering square.
18605 Ruffner #2D is true walking distance (.75mi or less) to multiple restaurants, a brewery, the greenway and, once completed, the new hospital. The ever popular Birkdale Village, Downtown Cornelius, the Northern Regional Rec Center, four different grocery stores including Whole Foods, plus multiple other breweries and coffee shops all within 2.5mi. The Oakhurst neighborhood includes a pool, playground, green-spaces and a large gathering square.
Unit Size
967 Ft²
Days on Market
-
Land Size
-
Price per sqft
$300
Property Type
Condo
Property Taxes
-
HOA Dues
$424
Year Built
-
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Cap Rate Calculator
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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: 3 years ago (CANOPYMLS #CAR4179027)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by Blue Oak Realty Group | $289,900 | |
| Listed by Blue Oak Realty Group | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: On Street, Parking Lot
Interior Details
Bedrooms: 2
Bathrooms: 2
Full Bathrooms: 2
Interior Features: Split Bedroom, Walk-In Closet(s)
Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Flooring Type: Vinyl
Exterior Details
Parcel Number: 005-386-76
Property Type: Residential
Property Sub Type: Condominium
Road Responsibility: Publicly Maintained Road, Private Maintained Road
Year Built: 2003
Levels: One
Construction Methods: Vinyl
Special Conditions: None
Exterior Features: Elevator
Pool Features: Outdoor Pool – Community
Water Source: City
Utilities Details
Cooling: Central Air
Heating: Apollo System
Sewer : Public Sewer
Location Details
County or Parish: Mecklenburg
Elementary School: J.V. Washam
Middle Or Junior School: Bailey
High School: William Amos Hough
Other Details
Association Fee: $200
Association Fee Freq: Monthly
Association Fee2: $224
Association Fee2 Freq: Semi-Annually
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/26/2025
|
2 Bed
|
2 Bath
|
1046 ft²
|
$285,000
2 Bed
2 Bath
1046 ft²
|
$267,410
-6.17%
05/14/2026
|
Leeann Miller
Boone, Hill, Allen & Ricks
| |
|
08/22/2025
|
2 Bed
|
2 Bath
|
932 ft²
|
$275,000
2 Bed
2 Bath
932 ft²
|
-
-
|
Hunter Ratcliff
Castle Gate Real Estate Group LLC
| |
|
05/22/2025
|
2 Bed
|
2 Bath
|
945 ft²
|
$295,000
2 Bed
2 Bath
945 ft²
|
$255,000
-13.56%
11/06/2025
|
Jennifer King
Lake Realty
| |
|
09/06/2024
|
2 Bed
|
2 Bath
|
967 ft²
|
$289,900
2 Bed
2 Bath
967 ft²
|
$285,000
-1.69%
10/18/2024
|
Jeff Sny
Blue Oak Realty Group
| |
|
03/31/2023
| |
2 Bed
|
2 Bath
|
912 ft²
|
$259,000
2 Bed
2 Bath
912 ft²
|
-
-
|
Mike Jarvis
Keller Williams Huntersville
|
|
06/24/2021
|
2 Bed
|
2 Bath
|
947 ft²
|
$205,000
2 Bed
2 Bath
947 ft²
|
$205,000
07/28/2021
|
Judy Dowdall
Judy Bell Dowdall LLC
| |
|
09/23/2020
|
2 Bed
|
2 Bath
|
1049 ft²
|
$180,000
2 Bed
2 Bath
1049 ft²
|
$180,000
11/05/2020
|
Frances Dawson
| |
|
08/14/2020
|
2 Bed
|
2 Bath
|
1049 ft²
|
$184,900
2 Bed
2 Bath
1049 ft²
|
$182,000
-1.57%
10/16/2020
|
Denice Niethammer
| |
|
03/02/2019
| |
2 Bed
|
2 Bath
|
932 ft²
|
$144,900
2 Bed
2 Bath
932 ft²
|
-
-
|
-
|
|
09/19/2018
|
2 Bed
|
2 Bath
|
961 ft²
|
-
2 Bed
2 Bath
961 ft²
|
-
-
|
-
| |
|
08/14/2018
|
2 Bed
|
2 Bath
|
925 ft²
|
-
2 Bed
2 Bath
925 ft²
|
-
-
|
-
|
Building Info
About Cornelius
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Listed by: Jeff Sny, Blue Oak Realty Group
Last Updated: 3 years ago
Data Source: CANOPYMLS, MLS# CAR4179027
Last Updated: 3 years ago
Data Source: CANOPYMLS, MLS# CAR4179027
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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