$340,000
●
House -
For Sale
365 Chestnut Drive
Raeford, NC 28376
3 Beds
2 Baths
2,021 Ft²
$1,670
Est. Monthly
About This Property
Now offering 2% toward the buyers closing cost with use of our
preferred lender. Beautifully maintained 3-bedroom, 2-bath home
located outside the city limits, so you'll enjoy the benefit of no
city taxes. Offering the perfect blend of comfort, space, and
privacy, this home features hardwood floors throughout the main
living areas and an updated kitchen with granite countertops. The
spacious first-floor primary suite offers a relaxing retreat with a
large walk-in closet. Upstairs, the bonus room includes a closet
and can easily be used as a fourth bedroom, home office, or flex
space to fit your needs. Step outside to a beautifully landscaped
yard with a large concrete patio that's perfect for grilling,
entertaining, or simply relaxing. Beyond the privacy fence, you'll
find additional land that provides even more usable outdoor space
and a greater sense of privacy. If you've been searching for a home
with tasteful updates, a generous lot, and a quiet setting outside
the city, this one is definitely worth a look.
Unit Size
2,021 Ft²
Days on Market
125 days
Land Size
1.40 acres
Price per sqft
$168
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007
Listed By
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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: 3 months ago (TMLS #LP765318)
Price History
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Double Vanity, Entrance Foyer, Granite Counters, Walk-In Closet(s), Kitchen/Dining Room Combination, Primary Downstairs, Separate Shower
Appliances: Dishwasher, Microwave, Range, Refrigerator
Flooring Type: Hardwood, Tile, Vinyl
Laundry Features: Inside, Main Level
Rooms: 6
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Exterior Details
Square Footage: 2021
Security Features: Fire Alarm, Security System
Architectural Style: Ranch
Year Built: 2007
Building Area Total: 2021
Window Features: Blinds
Construction Materials: Brick Veneer
Patio and Porch Features: Patio, Other
Lot Features: Level
Lot Size Area: 1.4
Lot Size Units: Acres
Lot Size Acres: 1.4
Lot Size Square Feet: 60984
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Forced Air
Sewer : Septic Tank
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 Hoke
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Listed by: DARK HORSE GROUP POWERED BY LPT REALTY, LPT REALTY LLC
Last Updated: 3 months ago
Data Source: TMLS, MLS# LP765318
Last Updated: 3 months ago
Data Source: TMLS, MLS# LP765318
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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