216 Collinson Drive
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | Listed by Berkshire Hathaway HomeService | $1,050,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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Two miles to Downtown Chapel Hill, this spacious home sits on an expansive yard in a quiet cul-de-sac of coveted Forest Creek. Situated on a sprawling acre of land backing onto Forest Creek's open space, this picturesque abode exudes timeless elegance and modern comfort. With 4 bedrooms and 3 bathrooms spanning over 3,900 square feet, this meticulously maintained residence boasts abundant natural light, thanks to its numerous windows framing serene views of nature. The home's traditional charm features nine-foot ceilings, exquisite moldings, and a cozy wood-burning fireplace. The Seller (original owner) kept this bucolic beauty in great shape, including updates of fiber cement siding, newer roof, and Andersen windows, enhancing both aesthetics and functionality. Fresh-for-you new in April 2024: refinished wood floors; interior paint; stylish lighting; carpet; stainless steel range and dishwasher; and subway tile backsplash. Flexible living spaces, including two expansive flex/recreation rooms, cater to a variety of lifestyle needs, while the airy screen porch offers a tranquil retreat. Step outside to the lounge-worthy deck and manicured garden enveloped by a wooded wonderland, providing a serene oasis just minutes from city conveniences. Whether you're seeking a peaceful sanctuary or a place to entertain, welcome home to the character-filled charm of Collinson. **DEADLINE FOR ALL BEST & FINAL OFFERS Monday, April 22nd at 2pm**
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| Dec 19, 1988 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017