$277,000
●
House -
Off Market
200 Hermitage Lane
Mount Olive, NC 28365
3 Beds
2 Baths
1,823 Ft²
$1,503
Est. Monthly
About This Property
Welcome to 200 Hermitage Lane -- a beautifully updated ranch home
on nearly an acre of peaceful Mount Olive countryside, yet in a
neighborhood that's established with no HOA. This charming property
offers the perfect blend of modern updates and cozy character,
creating a warm and inviting atmosphere the moment you step
inside.
The heart of the home is the stunning living area, featuring exposed wooden beams that add architectural interest and rustic charm and a fireplace for those chilly nights. Fresh updated flooring and paint flow throughout, giving the interior a clean, contemporary feel while maintaining its comfortable appeal.
A dedicated office space with a built-in desk provides the ideal setup for working from home or managing household tasks. With plenty of natural light and thoughtful design, it's a space that inspires productivity.
Outside, enjoy the quiet beauty of nearly an acre of land -- perfect for gardening, relaxing, or entertaining. The property also includes a two-car carport, offering convenient covered parking and additional storage potential.
Move-in ready and full of warmth, this updated ranch is an opportunity you don't want to miss!
The heart of the home is the stunning living area, featuring exposed wooden beams that add architectural interest and rustic charm and a fireplace for those chilly nights. Fresh updated flooring and paint flow throughout, giving the interior a clean, contemporary feel while maintaining its comfortable appeal.
A dedicated office space with a built-in desk provides the ideal setup for working from home or managing household tasks. With plenty of natural light and thoughtful design, it's a space that inspires productivity.
Outside, enjoy the quiet beauty of nearly an acre of land -- perfect for gardening, relaxing, or entertaining. The property also includes a two-car carport, offering convenient covered parking and additional storage potential.
Move-in ready and full of warmth, this updated ranch is an opportunity you don't want to miss!
Unit Size
1,823 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$154
Property Type
House
Property Taxes
$128
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: 8 months ago (TMLS #10136650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Price Decreased |
$280,000
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Feb 6, 2026 | Price Decreased |
$285,000
↓ $7K
(2.4%) | |
| Price Decreased | |||
| Jan 16, 2026 | Price Decreased |
$292,000
↓ $3K
(1%) | |
| Price Decreased | |||
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Property Highlights
Air Conditioning
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 Wayne
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Listed by: CJ Jones, Mark Spain Real Estate
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10136650
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10136650
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