$255,000
●
Condo -
Off Market
18605 Ruffner Drive #3E
Cornelius, NC 28031
2 Beds
2 Baths
945 Ft²
$1,775
Est. Monthly
$434
HOA / Fees
6.52%
Cap Rate
About This Property
Ready to live in one of Cornelius' most convenient and desirable
communities? This Oakhurst top-floor 2-bedroom, 2 bath condo
features soaring vaulted ceilings in the living room, creating a
bright and spacious atmosphere. The stunning kitchen is updated and
includes all new appliances in 2024. A new HVAC system, also
installed in 2024. Fresh Paint! The smart split-bedroom floor plan
offers privacy, with the primary suite bath featuring dual sinks
and large walk-in closet. New carpet in bedrooms. Brand New Roof!
Step outside and unwind on your private balcony. Elevator in
Building. Nestled in the vibrant Oakhurst neighborhood, you'll love
the walkable lifestyle to restaurants and beautifully maintained
green spaces. Community amenities include a gazebo, swimming pool,
playgrounds, basketball courts, & scenic walking trails. Minutes to
Birkdale Village, Lake Norman. the New Atrium Hospital. Investors:
Short Term Rentals Allowed, minimum 7 days. Motivated Sellers!
Unit Size
945 Ft²
Days on Market
-
Land Size
-
Price per sqft
$289
Property Type
Condo
Property Taxes
-
HOA Dues
$434
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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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: 13 months ago (CANOPYMLS #CAR4262938)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Aug 16, 2025 | Price Decreased |
$273,000
↓ $6K
(2.2%) | |
| Price Decreased | |||
| Jul 14, 2025 | Price Decreased |
$279,000
↓ $6K
(2.1%) | |
| Price Decreased | |||
| Jul 5, 2025 | Price Decreased |
$285,000
↓ $3K
(1%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Parking Details
Parking Features: Parking Space(s)
Interior Details
Full Bathrooms: 2
Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator with Ice Maker
Flooring Type: Carpet, Hardwood, Vinyl
Laundry Features: Electric Dryer Hookup, In Unit, Main Level
Exterior Details
Has Property Attached
Square Footage: 945
Year Built: 2003
Waterbody Name: Lake Norman
Levels: One
Construction Materials: Aluminum Siding, Vinyl Siding
Patio and Porch Features: Rear Porch, Balcony
Water Source: City
Financial Details
Tax Assessed Value: $219,751
Utilities Details
Cooling Type: Heat Pump
Heating Type: Heat Pump
Sewer : Public Sewer
Location Details
HOA Fee: $210
HOA Fee Frequency: Monthly
Condo/Coop Fee: $224
Condo/Coop Fee Frequency: 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: Jennifer King, Lake Realty
Last Updated: 13 months ago
Data Source: CANOPYMLS, MLS# CAR4262938
Last Updated: 13 months ago
Data Source: CANOPYMLS, MLS# CAR4262938
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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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