$245,000
●
House -
Off Market
3122 Truitt Drive
Burlington, NC 27215
4 Beds
3 Baths,
1
Half Bath
4,630 Ft²
$3,011
Est. Monthly
4.65%
Cap Rate
About This Property
Inspired & designed after the well-known Bracken House in Colonial
Williamsburg, this one-owner home is full of charm & character.
Cozy den with beautiful accents, including hardwoods, built-in
shelving, gas log fireplace, ceiling beams & horizontal beams from
Old Salem. Living room with wood-burning fireplace. Formal dining
room. Kitchen includes eat-in area & overlooks the spacious
sunroom, perfect for entertaining! Bedroom on main level is
adjacent to full bath. Three additional bedrooms on 2nd level,
equipped with ample closet space & 2 full baths. Basement offers
additional space with laundry/half bath, and 2 large rooms -
perfect for crafts, hobbies, home gym or recreation space. Detached
double carport. Deck overlooks private backyard. Outstanding
location - only minutes from Alamance Country Club, interstate &
shopping!
Unit Size
4,630 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$116
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1970
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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 #10040089)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2024 | Sold | ||
| Sold | |||
| Sep 22, 2024 | In contract | - | |
| In contract | |||
| Jul 9, 2024 | Listed by Preferred Realty Triad | $539,000 | |
| Listed by Preferred Realty Triad | |||
| | |||
|
Inspired & designed after the well-known Bracken House in Colonial Williamsburg, this one-owner home is full of charm & character. Cozy den with beautiful accents, including hardwoods, built-in shelving, gas log fireplace, ceiling beams & horizontal beams from Old Salem. Living room with wood-burning fireplace. Formal dining room. Kitchen includes eat-in area & overlooks the spacious sunroom, perfect for entertaining! Bedroom on main level is adjacent to full bath. Three additional bedrooms on 2nd level, equipped with ample closet space & 2 full baths. Basement offers additional space with laundry/half bath, and 2 large rooms - perfect for crafts, hobbies, home gym or recreation space. Detached double carport. Deck overlooks private backyard. Outstanding location - only minutes from Alamance Country Club, interstate & shopping!
| |||
Property Highlights
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 Burlington
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Listed by: Blair Wilburn, Preferred Realty Triad
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10040089
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10040089
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