$525,000
●
House -
Off Market
3601 Song Sparrow Drive
Wake Forest, NC 27587
6 Beds
3 Baths
3,115 Ft²
$523,047
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Welcome to this exquisite 5-bedroom, 3-bathroom corner lot home!
Embraced by ample natural light, this residence offers an inviting
ambiance that radiates warmth and comfort. Step inside and be
greeted by the charm of a formal dining room, perfect for hosting
memorable gatherings. Adjacent, a versatile office space awaits.
The living room boasts a stunning fireplace adorned with built-in
shelves. The heart of the home is in the large kitchen, complete
with an elegant island and equipped with stainless steel
appliances. For added convenience, the first-floor bedroom offers
flexibility to accommodate guests. Enjoy a fresh lawn year round
with the sprinkler system! Conveniently located near stores and
restaurants. Only 10 minutes to Downtown Wake Forest!
Unit Size
3,115 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$169
Property Type
House
Property Taxes
$348
HOA Dues
$22
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 #2523527)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2023 | Sold | ||
| Sold | |||
| Jul 26, 2023 | Listed by DASH Carolina | $525,000 | |
| Listed by DASH Carolina | |||
| Jul 21, 2023 | No longer available | - | |
| No longer available | |||
| Jul 10, 2023 | Price Decreased |
$552,500
↓ $17K
(2.9%) | |
| Price Decreased | |||
| Jul 7, 2023 | Price Decreased |
$569,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
Show More
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 Dansforth
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Listed by: Derrick Dwayne Taylor, DASH Carolina
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523527
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523527
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