$396,000
●
House -
Off Market
3600 Thorndike Drive
Wake Forest, NC 27587
5 Beds
3 Baths
3,261 Ft²
$620,855
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model
About This Property
Custom Built home on over 1/2 acre. Maple Cabinets in the
kitchen, Granite countertops in kitchen and master bath. Kitchen
has Double ovens and cooktop. Fresh interior paint and new carpets.
Refinished hardwoods thorough downstairs and upstairs hallway.
Guest bedroom downstairs plus 4 bedrooms upstairs in addition
to a large Bonus room. Must see to appreciate the detailed
moldings and trey ceilings, vaulted ceilings, and other custom
features of this home.
Unit Size
3,261 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$126
Property Type
House
Property Taxes
$387
HOA Dues
$55
Year Built
2005
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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 #2155958)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2018 | Sold | ||
| Sold | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 15, 2018 | Listed | $409,900 | |
| Listed | |||
| | |||
|
Custom Built home on over 1/2 acre. Maple Cabinets in the kitchen, Granite countertops in kitchen and master bath. Kitchen has Double ovens and cooktop. Fresh interior paint and new carpets. Refinished hardwoods thorough downstairs and upstairs hallway. Guest bedroom downstairs plus 4 bedrooms upstairs in addition to a large Bonus room. Must see to appreciate the detailed moldings and trey ceilings, vaulted ceilings, and other custom features of this home. The manager has listed the unit size as 3261 square feet.
| |||
| Oct 12, 2017 | Listed by RE/MAX United | $409,900 | |
| Listed by RE/MAX United | |||
| Dec 12, 2005 | Sold | ||
| Sold | |||
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 Stonegate at St. Andrews
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Listed by: Gene Stallings, RE/MAX United
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2155958
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2155958
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