$257,000
●
House -
Off Market
405 Chestnut Street
Burlington, NC 27217
3 Beds
2 Baths,
1
Half Bath
1,709 Ft²
$1,452
Est. Monthly
7.48%
Cap Rate
About This Property
Welcome to this super, spacious home! Check out the newly renovated
kitchen and baths. 3 bedrooms, 2.5 bath and an extra room for an
office or nursery. Features large rooms, eat-in kitchen, double
closets in the upstairs bedrooms. The roof was installed in approx.
2015, electric heat pump installed in approx. 2018, 1st-floor,
master bedroom includes extra space for an office, nursery, or just
a sitting area, along with its own bath & WIC, guest 1/2 bath on
the main floor,
rocking-chair front porch, includes outside storage building, and paved drive. The refrigerator does not convey.
rocking-chair front porch, includes outside storage building, and paved drive. The refrigerator does not convey.
Unit Size
1,709 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$152
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1999
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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 #10015295)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Mar 5, 2024 | Listed by NorthGroup Real Estate LLC | $259,900 | |
| Listed by NorthGroup Real Estate LLC | |||
| | |||
|
Welcome to this super, spacious home! Check out the newly renovated kitchen and baths. 3 bedrooms, 2.5 bath and an extra room for an office or nursery. Features large rooms, eat-in kitchen, double closets in the upstairs bedrooms. The roof was installed in approx. 2015, electric heat pump installed in approx. 2018, 1st-floor, master bedroom includes extra space for an office, nursery, or just a sitting area, along with its own bath & WIC, guest 1/2 bath on the main floor,
rocking-chair front porch, includes outside storage building, and paved drive. The refrigerator does not convey.
| |||
| May 31, 2023 | No longer available | - | |
| No longer available | |||
| May 22, 2023 | No longer available | - | |
| No longer available | |||
| May 20, 2023 | Listed by eXp Realty LLC | $263,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
Welcome to this super, spacious home! Check out the newly renovated kitchen and baths. 3 bedrooms, 2.5 bath and an extra room for an office or nursery. Features large rooms, eat-in kitchen, double closets in the upstairs bedrooms. The roof was installed in approx. 2015, electric heat pump installed in approx. 2018. Laundry room and guest 1/2 bath are on the main floor. Owner added 2nd zone thermo split system for upstairs. Rocking-chair front porch Is inviting. Fully fenced. Includes outside storage building, and paved drive. The refrigerator does not convey. The manager has listed the unit size as 1709 square feet.
| |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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Listed On
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Sold On
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HOA + Taxes
About Burlington
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Listed by: Suzanne S Lambeth, NorthGroup Real Estate LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015295
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015295
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