$1,025,000
●
House -
Off Market
307 Lancaster Drive
Chapel Hill, NC 27517
3 Beds
3 Baths,
1
Half Bath
2,760 Ft²
$1,039,642
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
Beautiful brick home overlooking the Chapel Hill Country Club 8th
fairway! Main level boasts large family room with 10' ceilings &
wood-burning fireplace, sunroom with lovely views, spacious kitchen
with plentiful counter space, breakfast nook, office, laundry, and
huge main level primary suite! Primary bathroom has a vaulted
ceiling, double vanity, shower & separate tub, water closet, and a
big walk-in closet. Entertaining is a delight with the
"bartender station" with counters, cabinets, and sink and openings
to the family room, office and sunroom! Golf views galore - from
the family room, sunroom, office, and primary bedroom! Second level
features two generously sized bedrooms with walk-in closets and
access to a full bathroom. Hobby or craft room with skylight has
access to attic for storage. Oversized 2-car garage has space for
workbench and more. Expansive patio and fenced grassy yard have
beautiful views of the fairway & pond. Don't miss the lower tier of
the yard with its walking path. Fresh interior paint, new carpet in
the primary suite, extensive recent landscaping - a special home!
Unit Size
2,760 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$361
Property Type
House
Property Taxes
$676
HOA Dues
$8
Year Built
1992
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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 #2491575)
Price History
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 The Oaks
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Listed by: Denise P Kennihan, Chapel Hill Realty Group, Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2491575
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2491575
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