$594,500
●
House -
Off Market
309 Timber Cut Lane
Apex, NC 27502
4 Beds
2 Baths,
1
Half Bath
2,300 Ft²
$3,409
Est. Monthly
$46
HOA / Fees
About This Property
Beautifully renovated Craftsman-style home in sought-after Scotts
Mill! Boasting over $200K in updates/upgrades, this home offers
exceptional quality and distinction! Exterior updates include
upgraded gutters and newer roof, yard drainage, professional
landscaping with retaining wall, lighting, patio, and reconfigured
driveway. Inside, enjoy a fully remodeled kitchen with Bosch
appliances, quartz countertops, Wolf cooktop, oversized island, and
a stunning 90'' window. The home features refinished hardwoods,
updated bathrooms, new gas fireplace with contemporary hearth, new
hardwood stairs, and new carpet upstairs. HVAC systems have been
replaced and relocated, including a Bosch high-efficiency heat pump
upstairs and gas furnace downstairs with almost all new ductwork. A
tankless water heater with comfort system, Nest exterior cameras,
new garage door, upgraded lighting, window treatments, and more
make this home truly move-in ready. Located in one of Apex's most
desirable communities with tons of amenities including pool,
tennis, pickleball, basketball, volleyball, playground, and a
community garden.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$264
Property Type
House
Property Taxes
$382
HOA Dues
$46
Year Built
2000
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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: 12 months ago (TMLS #10128004)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Nov 3, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Price Decreased |
$607,000
↓ $18K
(2.9%) | |
| Price Decreased | |||
| Oct 27, 2025 | Price Decreased |
$624,900
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Oct 16, 2025 | Listed by Compass -- Cary | $635,000 | |
| Listed by Compass -- Cary | |||
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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
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 Scotts Mill
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Linda Trevor, Compass -- Cary
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10128004
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10128004
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