$410,000
●
House -
Off Market
3085 Heritage Lane
Burlington, NC 27215
3 Beds
2 Baths
1,765 Ft²
$2,071
Est. Monthly
$8
HOA / Fees
4.85%
Cap Rate
About This Property
Did you say location is important? Welcome to a sought-after
neighborhood of alluring custom homes with desirable craftsmanship!
This brick one-level home with upstairs expansion potential is no
exception! The flowing well-designed open floor plan invites
engagement, connection, & functionality. You will love the bright
living room with fireplace, built-ins, & lots of natural light.
Enjoy a primary spacious oasis with en-suite bath, walk-in closet,
and door to the relaxing covered back porch. Many features abound
outside from the paved drive, double attached garage, covered
rocking chair front porch, beautiful landscaping, large back yard
partially fenced for animals and/or kids & a patio perfect for
summer grilling! All of this less than 5 minutes from the hospital,
interstate, restaurants, shopping, & priced to make it customizable
with equity. Don't delay; schedule your tour today!
Unit Size
1,765 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$212
Property Type
House
Property Taxes
$226
HOA Dues
$8
Year Built
2000
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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 #10033579)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | Listed by Keller Williams Central | $374,000 | |
| Listed by Keller Williams Central | |||
| | |||
|
Did you say location is important? Welcome to a sought-after neighborhood of alluring custom homes with desirable craftsmanship! This brick one-level home with upstairs expansion potential is no exception! The flowing well-designed open floor plan invites engagement, connection, & functionality. You will love the bright living room with fireplace, built-ins, & lots of natural light. Enjoy a primary spacious oasis with en-suite bath, walk-in closet, and door to the relaxing covered back porch. Many features abound outside from the paved drive, double attached garage, covered rocking chair front porch, beautiful landscaping, large back yard partially fenced for animals and/or kids & a patio perfect for summer grilling! All of this less than 5 minutes from the hospital, interstate, restaurants, shopping, & priced to make it customizable with equity. Don't delay; schedule your tour today!
| |||
Property Highlights
Garage
Air Conditioning
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 Alamance
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kristi May, Keller Williams Central
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10033579
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10033579
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