$699,900
●
House -
Off Market
422 Abercorn Circle
Chapel Hill, NC 27516
3 Beds
3 Baths
2,293 Ft²
$727,923
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
Welcome to Encore, Chapel Hill's elite 55+ community located just
south of town. This well thought out, one level floor plan actually
has 4 bedrooms, but the current sellers use one as a study.
UPGRADES galore! This open concept home offers a Gorgeous kitchen
with enormous island, gas fireplace and ample living space. Fresh
paint throughout, engineered hardwoods, top of the line light
fixtures, Plantation shutters, Custom lattice in foyer, loads of
shelving, barn door leading from MBR to bath. The list goes on and
on. Do NOT miss the storage off the garage. There are steps leading
to it from inside the garage. Encore is located within the Briar
Chapel Community and not only has it's own amenities, shares some
of Briar Chapel's as well. Encore has an AMAZING clubhouse, pool, &
fitness center. Briar Chapel amenities include Tennis courts,
pickleball, 26 miles of bike trails, playgrounds & clubhouse.
Encore is a game changer! SHOWINGS START 7/20
Unit Size
2,293 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$305
Property Type
House
Property Taxes
$282
HOA Dues
$315
Year Built
2018
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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 #2462970)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2022 | Sold | ||
| Sold | |||
| Jul 18, 2022 | Listed by Coldwell Banker Advantage | $699,900 | |
| Listed by Coldwell Banker Advantage | |||
| Sep 9, 2021 | Sold | ||
| Sold | |||
| Jul 6, 2021 | Listed by Coldwell Banker Advantage | $579,900 | |
| Listed by Coldwell Banker Advantage | |||
| Jul 19, 2018 | Sold | ||
| Sold | |||
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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 Chatham
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Listed by: Barbara B Pater, Coldwell Banker Advantage
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2462970
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2462970
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