$400,000
●
House -
Off Market
421 Ferry Court
Wake Forest, NC 27587
4 Beds
3 Baths,
1
Half Bath
4,000 Ft²
$565,317
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
Hard to find basement home in Wake Forest. All available upgrades
from the builder were included in this home. Screened deck
overlooks fenced back yard. Walk out basement onto patio. Office/BR
on main floor. Huge LR/Kitchen/Brkfst great room with fireplace and
bar area. Large kitchen counter is great for get togethers. Walk to
Joyner Park for weekend concerts or new Joyner Park Community
Center. Convenient to historic downtown shopping & restaurants. 35
minutes to RDU airport.
Unit Size
4,000 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$100
Property Type
House
Property Taxes
$364
HOA Dues
$37
Year Built
2015
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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 #2310313)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2020 | Sold | ||
| Sold | |||
| Mar 26, 2020 | Listed by Keller Williams Preferred Realty | $400,000 | |
| Listed by Keller Williams Preferred Realty | |||
| May 17, 2019 | No longer available | - | |
| No longer available | |||
| Apr 29, 2019 | Price Decreased |
$420,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Apr 4, 2019 | Listed | $425,000 | |
| Listed | |||
| | |||
|
Awesome square footage for the money w/ full finished basement. Every upgrade from the builder was included in this wonderfully finished home. Open LR/Kitchen area with large granite counter island for homework or family discussions while preparing dinner. Screened deck out back overlooks a private fenced back yard. Office/BR on main floor. Walk to Joyner Park and weekend concerts. Minutes to historic downtown as well as shopping, dining and recreation. 35 minutes to RDU Airport. The manager has listed the unit size as 3925 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Wake Forest
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Listed by: Brian Pate, Keller Williams Preferred Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2310313
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2310313
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