4902 Mill Creek Road
About This Property
Here is an amazing opportunity to own an all brick ranch home on 2.5 acres in rural Orange County!
Talk about convenience! Only 6 miles to groceries, 8.7 mi to Tanger Outlets in Mebane and restaurants and 9 mi to I40/85. Far enough out from the hustle and bustle but still so close to everything you need. It truly is a sweet spot between Hillsborough and Mebane.
You will find that this beautiful all brick ranch home on a 1 acre lot offers a metal roof, attached carport , brand new carpet installed in all 3 bedrooms as well as brand new LVP installed throughout the rest of the home. In the kitchen you will find yourself with plenty of counter space with granite countertops and original wood cabinets providing lots of storage. Enjoy the sunrise and sunset on the screened in front porch. The home also features a full home water filtration and softener system.
The 1.5 acre lot offers you fruit and nut trees, a detached 2 car garage with tons of space and it's own electric meter, as well as a detached metal carport and a large dog kennel. There is so much space to entertain, garden, build your chicken coop or even bring your horses. The possibilities are endless.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Apr 3, 2024 | Listed by Coldwell Banker HPW | $325,000 | |
| Listed by Coldwell Banker HPW | |||
| Nov 28, 2023 | No longer available | - | |
| No longer available | |||
| Oct 28, 2023 | Price Decreased |
$325,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Aug 23, 2023 | Price Decreased |
$340,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017