$274,900
↓ $25K (8.3%)
●
House -
For Sale
246 Tormore Drive
Sanford, NC 27330
3 Beds
2 Baths,
1
Half Bath
2,304 Ft²
$1,398
Est. Monthly
$48
HOA / Fees
About This Property
WELCOME HOME to 246 Tormore Drive! This open floor plan is designed
for modern, open living, the main level features a grand family
room that flows seamlessly into the open dining area and versatile
kitchen, complete with granite countertops, abundant prep space, a
substantial chef's island, and upgraded light fixtures and ceiling
fans. The laundry area is conveniently located on the main level,
while all bedrooms are upstairs for added privacy. Upstairs, a
spacious open loft with a linen closet separates the owner's suite
from two additional bedrooms, each with walk-in closets. The
owner's suite boasts a sizable bath with dual-sink vanity, shower,
separate water closet, and an expansive walk-in closet to
accommodate both wardrobes. Enjoy community amenities including
sidewalks, a picnic area, and a playground, all just minutes from
shopping, breweries, museums, entertainment at the Temple Theatre,
and easy access to US-1. This home belongs on your MUST SEE list!
Unit Size
2,304 Ft²
Days on Market
259 days
Land Size
0.22 acres
Price per sqft
$119
Property Type
House
Property Taxes
-
HOA Dues
$48
Year Built
-
Listed By
Angela Jones
Call It Closed International Inc
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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: 24 days ago (TMLS #LP757099)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$274,900
↓ $25K
(8.3%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$299,900
↓ $25K
(7.7%) | |
| Price Decreased | |||
| Mar 25, 2026 | Price Decreased |
$324,900
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Feb 8, 2026 | Listed by COLDWELL BANKER ADVANTAGE #5 (SANFORD) | $339,900 | |
| Listed by COLDWELL BANKER ADVANTAGE #5 (SANFORD) | |||
| Aug 27, 2025 | Price Decreased |
$339,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, Kitchen Island, Walk-In Closet(s)
Appliances: Dishwasher, Microwave, Range
Flooring Type: Hardwood, Luxury Vinyl, Tile, Vinyl
Laundry Features: Main Level
Rooms: 7
Has Fireplace
Fireplace Features: Electric
Fireplaces: 1
Exterior Details
Square Footage: 2304
Security Features: Fire Alarm
Year Built: 2023
Building Area Total: 2304
Levels: Two
Patio and Porch Features: Covered, Front Porch, Rear Porch, Other
Lot Features: Cleared, Level
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Size Square Feet: 9452.52
Water Source: Public
Utilities Details
Heating Type: Heat Pump
Sewer : Public Sewer
Location Details
HOA Fee: $48
HOA Fee Frequency: Quarterly
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 Lee
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: CHRIS TACIA, COLDWELL BANKER ADVANTAGE #5 (SANFORD)
Last Updated: 24 days ago
Data Source: TMLS, MLS# LP757099
Last Updated: 24 days ago
Data Source: TMLS, MLS# LP757099
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