$103,000
●
Land -
Off Market
32 Colonial Ridge Drive
Pittsboro, NC 27312
Studio
0 Bath
$506
Est. Monthly
About This Property
Discover the perfect .93-acre plot nestled within the confines of
Chapel Ridge's prestigious gated Estate section. Here, you have the
freedom to bring your own builder and immerse yourself in an active
lifestyle brimming with opportunities for swimming, tennis,
basketball, soccer and a host of other activities. CR Estates
boasts an exquisite 18-hole golf course designed by the legendary
Fred Couples, an inviting restaurant and bar, clubhouse events, and
more. With Chatham Park and Jordan Lake just a stone's throw away,
you'll become part of this idyllic, resort-like neighborhood with a
wealth of amenities at your fingertips.
Unit Size
-
Days on Market
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Land Size
0.93 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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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 #2531095)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2024 | Sold | ||
| Sold | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Listed by Berkshire Hathaway Home Services Ysu | $103,000 | |
| Listed by Berkshire Hathaway Home Services Ysu | |||
| | |||
|
Discover the perfect .93-acre plot nestled within the confines of Chapel Ridge's prestigious gated Estate section. Here, you have the freedom to bring your own builder and immerse yourself in an active lifestyle brimming with opportunities for swimming, tennis, basketball, soccer and a host of other activities. CR Estates boasts an exquisite 18-hole golf course designed by the legendary Fred Couples, an inviting restaurant and bar, clubhouse events, and more. With Chatham Park and Jordan Lake just a stone's throw away, you'll become part of this idyllic, resort-like neighborhood with a wealth of amenities at your fingertips.
| |||
| Sep 8, 2023 | Listed by Berkshire Hathaway HomeService | $103,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| Mar 1, 2023 | Sold | ||
| Sold | |||
Show More
Property Highlights
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 Chapel Ridge
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Johnathan D Howard, Berkshire Hathaway HomeService
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2531095
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2531095
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