$392,500
●
House -
Off Market
202 Forest Ridge Drive
Chapel Hill, NC 27514
3 Beds
2 Baths,
1
Half Bath
1,988 Ft²
$696,218
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model
About This Property
Immaculate Goforth-built Cape Cod situated on 1-ac lot.Home has
been well loved & cared for;updated throughout.Hardwood
floors,9-foot ceilings,built-ins,2-car garage,fenced yard,kitchen
with granite & stainless appliances.First floor master suite.Recent
improvements include new roof,new exterior paint,carpet,&
more.Neighborhood swim & racquet club.Walk to Duke Forest &
Triangle Land Conservancy trails.Minutes to Duke, UNC, & I-40.Low
county taxes & Chapel Hill schools.Move-in ready.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$201
Property Type
House
Property Taxes
$371
HOA Dues
$23
Year Built
1984
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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 #2045312)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2018 | Sold | ||
| Sold | |||
| Feb 6, 2018 | Listed by Century 21 Southern Lifestyles | $515,000 | |
| Listed by Century 21 Southern Lifestyles | |||
| | |||
|
Beautiful Cape Cod, 2,805 sq ft including room over garage on 1-ac lot, low county taxes with Chapel Hill schools. Stunning new Master Bedroom addition and detached 2 car garage with spacious room above. Five possible bedroom choices with three bedroom septic. First floor master suite and guest bedroom, two more rooms on second floor.Established Gardner's paradise with fenced in backyard, kitchen with granite & stainless appliances. Duke Forest & Triangle Land Conservancy trails within walking distance.
| |||
| Jul 30, 2017 | Listed by Tony Hall & Associates | $549,000 | |
| Listed by Tony Hall & Associates | |||
| Mar 24, 2016 | Sold | ||
| Sold | |||
| Jan 15, 2016 | Listed by Franklin Street Realty | $400,000 | |
| Listed by Franklin Street Realty | |||
| | |||
|
Immaculate Goforth-built Cape Cod situated on 1-ac lot.Home has been well loved & cared for;updated throughout.Hardwood floors,9-foot ceilings,built-ins,2-car garage,fenced yard,kitchen with granite & stainless appliances.First floor master suite.Recent improvements include new roof,new exterior paint,carpet,& more.Neighborhood swim & racquet club.Walk to Duke Forest & Triangle Land Conservancy trails.Minutes to Duke, UNC, & I-40.Low county taxes & Chapel Hill schools.Move-in ready.
| |||
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Property Highlights
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Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Orange
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Listed by: Katherine Clark, Tony Hall & Associates
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2045312
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2045312
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