$436,000
●
House -
Off Market
2540 Levi Lane
Bahama, NC 27503
3 Beds
2 Baths
1,385 Ft²
$2,508
Est. Monthly
4.49%
Cap Rate
About This Property
$12,500 TOTAL PRICE REDUCTION!!! JUST LIKE NEW!!! Nestled on 4.5
acres with NO RESTRICTIONS on Levi Lane, just off of Ellis Chapel
Road in Bahama! This home was built in 2021 and is just 1.5 miles
from the Lake Michie recreation area. It has been immaculately
maintained and features 3 bedrooms, 2 baths, tons of potential for
a bonus addition in the unfinished walk-up attic and a 2-car
garage. Sit on the front porch swing, which conveys, and enjoy the
peaceful surroundings or fire up the grill on the spacious back
deck and sit and sip your favorite drink. The stainless steel
appliances in the kitchen, the washer and dryer in the laundry room
and the Starlink internet system all convey!
Unit Size
1,385 Ft²
Days on Market
-
Land Size
4.08 acres
Price per sqft
$345
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
2021
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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 #10034074)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2025 | Sold | ||
| Sold | |||
| Apr 8, 2025 | In contract | - | |
| In contract | |||
| Apr 3, 2025 | Listed by Burton Realty Group Inc | $464,900 | |
| Listed by Burton Realty Group Inc | |||
| | |||
|
JUST LIKE NEW! Nestled on 4.5 acres with NO RESTRICTIONS on Levi Lane, just off Ellis Chapel Church Road in Bahama! This home was built in 2021 and is just 1.5 miles from the Lake Michie Recreation Area. It has been immaculately maintained and features 3 bedrooms, 2 baths, tons of potential for a bonus addition in the unfinished walk-up attic and a 2-car garage. Sit on the front porch swing, which conveys, and enjoy the peaceful surroundings or fire up the grill on the spacious back deck and sit and sip your favorite beverage. The stainless steel appliances in the kitchen and the washer and dryer in the laundry room all convey!
| |||
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jun 7, 2024 | Listed by Keller Williams Preferred Realty | $477,400 | |
| Listed by Keller Williams Preferred Realty | |||
| | |||
|
$12,500 TOTAL PRICE REDUCTION!!! JUST LIKE NEW!!! Nestled on 4.5 acres with NO RESTRICTIONS on Levi Lane, just off of Ellis Chapel Road in Bahama! This home was built in 2021 and is just 1.5 miles from the Lake Michie recreation area. It has been immaculately maintained and features 3 bedrooms, 2 baths, tons of potential for a bonus addition in the unfinished walk-up attic and a 2-car garage. Sit on the front porch swing, which conveys, and enjoy the peaceful surroundings or fire up the grill on the spacious back deck and sit and sip your favorite drink. The stainless steel appliances in the kitchen, the washer and dryer in the laundry room and the Starlink internet system all convey!
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
Price/ft²
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HOA + Taxes
About Durham
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Listed by: Timothy Chandler, Keller Williams Preferred Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10034074
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10034074
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