$259,000
●
House -
Off Market
331 Dare Street
Burlington, NC 27217
3 Beds
2 Baths
1,232 Ft²
$1,302
Est. Monthly
8.72%
Cap Rate
About This Property
Beautifully remodeled 3Bed 2bath brick ranch style home move-in
ready. Great location convenient to restaurants/grocery shops.
Interior features spacious Open living room area with beautiful
luxurious vinyl flooring throughout, Carpet in Bedrooms. New light
fixtures and paint. Kitchen boasts with new cabinets, Quarts
countertops/Backsplash, SS appliances. Check-out the master bath
modern walk-in shower, Vanity/Mirror, Sliding barn door/doors.
Exterior updates, New roof 2023, New HVAC unit & WH, Windows,
Gutter system, Landscaped, New concrete parking driveway, New
insulation in Crawl space and Vapor barrier. Don't Miss out on this
charm schedule your showing. Seller will give an incentive of 3,000
towards buyers closing expenses with an acceptable offer.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$207
Property Type
House
Property Taxes
$52
HOA Dues
-
Year Built
1961
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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 #2533600)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 13, 2024 | Sold | ||
| Sold | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Listed by Keller Williams Central | $255,000 | |
| Listed by Keller Williams Central | |||
| | |||
|
Beautifully remodeled 3Bed 2bath brick ranch style home move-in ready. Great location convenient to restaurants/grocery shops. Interior features spacious Open living room area with beautiful luxurious vinyl flooring throughout, Carpet in Bedrooms. New light fixtures and paint. Kitchen boasts with new cabinets, Quarts countertops/Backsplash, SS appliances. Check-out the master bath modern walk-in shower, Vanity/Mirror, Sliding barn door/doors. Exterior updates, New roof 2023, New HVAC unit & WH, Windows, Gutter system, Landscaped, New concrete parking driveway, New insulation in Crawl space and Vapor barrier. Don't Miss out on this charm schedule your showing. The manager has listed the unit size as 1232 square feet.
| |||
| Sep 22, 2023 | Listed by Keller Williams Central | $254,500 | |
| Listed by Keller Williams Central | |||
| Mar 29, 2023 | Sold | ||
| Sold | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burlington
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Listed by: Elvis Leon, Keller Williams Central
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2533600
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2533600
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