$282,500
●
House -
Off Market
489 Falling Water Road
Spring Lake, NC 28390
4 Beds
3 Baths,
1
Half Bath
$454,226
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
-Welcome to a Place Called Home,where warm and cherished memories
are built and shared with family and friends .Celebrate births and
birthdays, marriages and graduations. Promotions , retirements and
empty nests.A place to relax and enjoy the many amenities that this
Awesome community provides.Close to everything .Home has beautiful
Cherry Brazilian Hardwood floors, 18 inch ceramic tile in
kitchen and bathrooms, Carpet in all bedrooms. Security system and
ceiling fans in main rooms.Mature ,well maintained lawn with plush
grass and beautifully landscaped areas. Split bedroom plan
with a man cave bonus , extra storage in attic and large garage
area. Screened in and a deck for entertaining during those
Carolina spring and summer days and evenings. Short walk or drive
to golf course, pool club house etc.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$199
Year Built
2006
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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 #LP531118)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2022 | Sold | ||
| Sold | |||
| Mar 10, 2022 | Listed by ERA STROTHER REAL ESTATE | $349,000 | |
| Listed by ERA STROTHER REAL ESTATE | |||
| Apr 4, 2018 | Sold | ||
| Sold | |||
| Nov 1, 2017 | Listed by ERA STROTHER REAL ESTATE | $295,999 | |
| Listed by ERA STROTHER REAL ESTATE | |||
| Jul 30, 2017 | Listed by ERA STROTHER REAL ESTATE | $310,000 | |
| Listed by ERA STROTHER REAL ESTATE | |||
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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 Harnett
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: GERRIE CURRIE, ERA STROTHER REAL ESTATE
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP531118
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP531118
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