$479,000
●
House -
Off Market
425 Mill Station Lane
Wendell, NC 27591
4 Beds
3 Baths,
1
Half Bath
2,405 Ft²
$534,217
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
If you have been waiting to live the resort life in Wendell Falls,
wait no longer! This home is available now and is decorated
beautifully with added trim, wallpaper and paint. The cozy open
living room concept is great for entertaining friends around the
island while still enjoying the fire. Master down makes for
convenient first floor living, while the large guest suite over the
garage could be used as a nice bonus room. So many options in this
home located in phase 1 of Wendell Falls. No construction!
Unit Size
2,405 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$202
Property Type
House
Property Taxes
$333
HOA Dues
$100
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 #2416439)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Dec 18, 2024 | Price Decreased |
$475,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Nov 13, 2024 | Price Decreased |
$485,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Oct 1, 2024 | Listed by Mark Spain Real Estate | $500,000 | |
| Listed by Mark Spain Real Estate | |||
| | |||
|
Welcome to your dream home in Wendell, NC! This beautiful residence features stunning hardwood floors throughout the main living areas and a spacious first-floor master suite for ultimate convenience. The upstairs bonus room offers endless possibilities for a home office, playroom, or extra guest space. Nestled in a vibrant community, you'll enjoy access to top-notch amenities including a refreshing pool and a state-of-the-art gym. Don't miss out on this perfect blend of luxury and comfort!
| |||
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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
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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 Wendell Falls
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Listed by: Valerie DeLoach, Why Realty Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2416439
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2416439
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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