$1,098,000
●
House -
Off Market
218 Turtleback Crossing Drive
Chapel Hill, NC 27516
5 Beds
3 Baths,
1
Half Bath
4,213 Ft²
$6,735
Est. Monthly
$93
HOA / Fees
2.02%
Cap Rate
About This Property
Motivated sellers and a second price drop! This is your chance to
own one of best in Lake Hogan Farms. This 5 bedroom, 3 1/2
bathroom house is perched on a gorgeous lot and is set in the back
of one of the best cul-de-sacs Lake Hogan Farms has to offer.
Hardwood floors, a chef's kitchen with granite counters,
large island for prep, custom cabinets, open floor plan, primary
downstairs, 3 car garage, are some of the amazing features.
Relax on the screened porch and enjoy the private wooded
backyard. The lot is over 1 acre and goes much farther back then
the fence in the backyard. Walk-in storage. Main level HVAC
replaced 2021 and upstairs duct work and unit replaced 2020.
Unit Size
4,213 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$267
Property Type
House
Property Taxes
$1,118
HOA Dues
$93
Year Built
2005
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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: 2 years ago (TMLS #10026809)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | Listed by RE/MAX United | $1,125,000 | |
| Listed by RE/MAX United | |||
| | |||
|
Motivated sellers and a second price drop! This is your chance to own one of best in Lake Hogan Farms. This 5 bedroom, 3 1/2 bathroom house is perched on a gorgeous lot and is set in the back of one of the best cul-de-sacs Lake Hogan Farms has to offer. Hardwood floors, a chef's kitchen with granite counters, large island for prep, custom cabinets, open floor plan, primary downstairs, 3 car garage, are some of the amazing features. Relax on the screened porch and enjoy the private wooded backyard. The lot is over 1 acre and goes much farther back then the fence in the backyard. Walk-in storage. Main level HVAC replaced 2021 and upstairs duct work and unit replaced 2020.
| |||
| Jul 30, 2020 | Sold | ||
| Sold | |||
| Mar 30, 2020 | Listed by RE/MAX United | $775,000 | |
| Listed by RE/MAX United | |||
| Jan 13, 2006 | Sold | ||
| Sold | |||
Property Highlights
Garage
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 Lake Hogan Farms
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sara Barfield, RE/MAX United
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10026809
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10026809
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