$450,000
●
House -
Off Market
2326 Marlow Drive
Burlington, NC 27215
3 Beds
3 Baths,
1
Half Bath
$453,888
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
The one you have been looking for , Brick One Story 3bd/3.5ba ,
Split bedroom plan with upper level Bonus room and Full bath.
Gorgeous Hardwood floors, High ceilings, Heavy Moldings,
Built-ins, Fireplace, Large primary Bedroom with beautiful trey
ceiling , spacious bath with tile shower, jetted tub ,double
vanities , huge walk-in closet, kitchen pantry and bar counter, gas
hot water, Dual Zone HVAC, all appliances remain ,oversized
garage,extra spacious patio includes Hot Tub and rear yard privacy
fence, convenient to 85/40, shopping, hospital.
Unit Size
-
Days on Market
-
Land Size
0.42 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2003
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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 #123773)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2025 | Sold | ||
| Sold | |||
| Apr 12, 2025 | Listed by Fathom Realty NC, LLC | $525,000 | |
| Listed by Fathom Realty NC, LLC | |||
| | |||
|
Stunning custom brick home in an established neighborhood in prime Burlington location. This property features soaring ceilings, heavy moldings, large windows, and gleaming hardwood floors. Split bed room floorpan with 3 bedrooms and 3 and a half bathrooms and a bonus room with full bath upstairs. Massive primary suite with double tray ceiling and an en suite luxury bath with tiled shower, jetted tub and a huge walk in closet. Kitchen provides ample cabinetry and is open to the living room with gas logs. Large windows in formal dining room provide plenty of natural light. Massive bonus room with a full bath upstairs above the garage. Enjoy the oversized patio and the hot tub out back within the privacy of the fenced in backyard. Move in ready and freshly landscaped just in time for spring! Convenient to the hospital, the highway, shopping and dining. This one checks all of the boxes!
| |||
| Aug 19, 2022 | Sold | ||
| Sold | |||
| Jun 27, 2022 | Listed by David Massey Real Estate | $439,000 | |
| Listed by David Massey Real Estate | |||
| Mar 3, 2015 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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Listed On
Listed On
Closing Price
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Sold On
HOA + Taxes
About Burlington
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Listed by: Dawn C Payne, David Massey Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 123773
Last Updated: 2 years ago
Data Source: TMLS, MLS# 123773
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