Sunny and bright with a year round garden , this well-maintained
modern ranch home has lovely upgrades and offers easy,
low-maintenance living in Encore at Briar Chapel-one of the
Triangle's premier 55+ communities in northern Chatham County.
Encore features its own private clubhouse, pool, social groups, and
activities, creating an inviting neighborhood designed for an
active, connected lifestyle. Thoughtfully designed
for comfortable Aging in Place, this home offers everything you
need conveniently on one level. The private owner's suite features
a spacious bath with dual vanity, oversized tiled walk-in shower,
generous walk-in closet, and convenient entry area with built-ins
and adjacent laundry room. At the heart of the home, the
beautifully appointed kitchen is ideal for entertaining, with
quartz countertops, tile backsplash, gas range, built in microwave,
pantry with built in shelving, and an impressive 10-foot island
with seating. From the inviting entry you'll find features that
enhance the light and volume including 10 foot ceilings and 8 foot
doorways; plantation shutters add timeless style throughout.
A dedicated study with French doors and transom windows
offers flexibility as a home office or den. An inviting guest
bedroom and full bath complete this well-designed floor plan.
Enjoy the outdoors year-round from the screened porch,
or step into the beautifully landscaped, fenced backyard, where a
peaceful view of trees and green space provides a wonderful setting
to watch wildlife and birds and enjoy a colorful, seasonally
changing array of flowers and plantings. With yard maintenance
included and refrigerator, washer, and dryer conveyance, this home
is absolutely move-in ready. Beyond the home, Briar
Chapel's resort-style living is surrounded by 900+ acres of
preserved open space, approximately 30 miles of trails, 20 parks, a
fitness centers at both Briar Chapel and Encore clubhouses,
pickleball, tennis and bocce courts, an amphitheater, dog parks,
community gardens, and nearby restaurants. It is clear to see why
it is one of the Triangle's most award-winning communities.
Conveniently located this home is just 8 minutes to
Restaurants and commercial areas at The Veranda , 9 minutes to
grocery shopping, a quick drive to UNC Chapel Hill, 15 minutes to
Jordan Lake, 19 minutes to UNC Hospitals, and 33 minutes to RDU
Airport.
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.
Interior Features: Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s), Wired for Data, Bathtub/Shower Combination, Kitchen/Dining Room Combination, Living/Dining Room Combination, Primary Downstairs, Quartz Counters, Smooth Ceilings, Walk-In Shower, Water Closet
Appliances: Dishwasher, Disposal, Dryer, Electric Range, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Gas Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven, Stainless Steel Appliance(s), Tankless Water Heater, Washer
Patio and Porch Features: Covered, Front Porch, Porch, Rear Porch, Screened
Lot Features: Back Yard, Close to Clubhouse, Front Yard, Garden, Landscaped, Level, Rectangular Lot
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5401
Water Source: Public
Financial Details
Tax Map Number: 1992
Tax Assessed Value: $576,800
Tax Annual Amount: $4,124
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Heat Pump
Heating Type: Central, ENERGY STAR/ACCA RSI Qualified Installation, Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Trash, Storm Water Maintenance
HOA/Condo/Coop Amenities: Barbecue, Basketball Court, Clubhouse, Dog Park, Exercise Course, Fitness Center, Jogging Path, Landscaping, Maintenance Grounds, Management, Park, Party Room, Picnic Area, Playground, Pool, Recreation Facilities, Sport Court, Tennis Court(s), Trail(s)
HOA Fee: $152
HOA Fee Frequency: Monthly
Condo/Coop Fee: $230
Condo/Coop Fee Frequency: Monthly
Building Info
Overview
General
Year Built:
2021
Effective Year Built:
2021
Bedroom Count:
0
Building Condition:
0
Building Quality:
4
Construction Type:
17
Building Style:
15
Exterior Walls Type:
0
Interior Walls Type:
0
Roof Shape Type:
0
Roof Cover Type:
0
Floor Count:
100
Floor Cover:
0
Basement Type:
5
Basement Area:
0
Garage Type:
0
Parking Space Count:
0
Patio Type:
0
Porch Type:
0
Pool Type:
0
Dimensions
Lot Size Square Feet:
5,401
Lot Size Frontage Feet:
0
Total Building Area:
1,868
Building Area:
1,868
Building Area Measurement:
L
Heating and Cooling
Air Conditioning:
0
Heating:
0
Heated Square Feet:
1,868
Heating Fuel Type:
0
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
BRIAR CHAPEL 4
Land Acres:
0000000124
Standard Land Use Code:
1001
County Land Use Code:
37
Legal Description 1:
LOT 1992 AC 0.124 BK 2019 PG 210
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