$225,000
●
Land -
Off Market
398 Mountain Laurel
Chapel Hill, NC 27517
Studio
0 Bath
$1,189
Est. Monthly
About This Property
Escape to luxury living in this master-planned golf community
nestled along the shores of 14,000-acre Jordan Lake! This gorgeous,
gently sloped wooded lot backs into nature, offering the perfect
foundation for your dream home. Unwind and connect in the
community's premier amenities, including a junior Olympic-sized
pool, fitness center, tennis/pickleball courts, basketball court,
playgrounds, walking trails, and private clubhouse perfect for
gatherings. The renowned Davis Love Signature Golf Course is just
steps away, complete with a full-service restaurant and bar to
unwind after a perfect game. Enjoy the convenience of easy living
just minutes away from the vibrant shopping/dining options of
Chapel Hill, Pittsboro and Apex. Short commute to Raleigh-Durham,
RTP and RDU. Public water, community sewer and low county taxes.
Select your own builder and start crafting your perfect haven
today!
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$69
HOA Dues
-
Year Built
-
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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 #10042312)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Listed by Sizemore Realty Group, LLC | $228,000 | |
| Listed by Sizemore Realty Group, LLC | |||
| | |||
|
Escape to luxury living in this master-planned golf community nestled along the shores of 14,000-acre Jordan Lake! This gorgeous, gently sloped wooded lot backs into nature, offering the perfect foundation for your dream home. Unwind and connect in the community's premier amenities, including a junior Olympic-sized pool, fitness center, tennis/pickleball courts, basketball court, playgrounds, walking trails, and private clubhouse perfect for gatherings. The renowned Davis Love Signature Golf Course is just steps away, complete with a full-service restaurant and bar to unwind after a perfect game. Enjoy the convenience of easy living just minutes away from the vibrant shopping/dining options of Chapel Hill, Pittsboro and Apex. Short commute to Raleigh-Durham, RTP and RDU. Public water, community sewer and low county taxes. Select your own builder and start crafting your perfect haven today!
| |||
| Jul 23, 2020 | Sold | ||
| Sold | |||
| Mar 11, 2020 | Listed by The Preserve at Jordan Lake Re | $140,000 | |
| Listed by The Preserve at Jordan Lake Re | |||
| | |||
|
NEW RELEASE OF FLAT NATURE LOT, MATURE HARDWOOD TREES, GREAT PRIVATE LOCATION, EASY TO BUILD BUILDING ENVELOPE, HIGHLY DESIRED LOCATION WITHIN THE COMMUNITY. CLOSE TO FITNESS CENTER, POOL, TENNIS AND WALKING TRAILS, PLAYGROUND. WE HAVE MODEL HOMES TO TOUR AND SEE WHAT YOU CAN BUILD ON THE LOT. STOP BY GOLF SHOP FOR MORE INFORMATION AND HAVE LUNCH, NO GOLF MEMBERSHIP REQUIRED, NEW HIGH SCHOOL BEING BUILT DOWN THE STREET. DON'T WAIT RATES ARE LOW AND TIME TO BUILD
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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About The Preserve
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Listed by: Beth Martin, Sizemore Realty Group, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10042312
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10042312
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