Person
500 Rainey Ridge Road
$690,000
●
House -
Off Market
500 Rainey Ridge Road
Semora, NC 27343
3 Beds
3 Baths
2,602 Ft²
$744,328
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
Absolutely Gorgeous views from this Waterfront home with 2
kitchens, 2 masters, 2 levels and 2 fire places. One of the best
views on Hyco Lake with a FLAT lot!!! 3 bedrooms on the main
level, kitchen, fam room, dining area with a long covered deck.
#2 Master and kitchen in lower level with fam room, wood
stove insert, laundry and several patio doors for the large patio.
EASY walk to waters edge. What a GREAT view looking up the
lake with a LONG view. No restrictive covenants, only $100 per year
for road maintenance. Don't miss out. 500 Rainey Ridge
Road, Semora, NC 27343. Home virutally staged to show potential.
Dock needs work!
Unit Size
2,602 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$288
Property Type
House
Property Taxes
$289
HOA Dues
$21
Year Built
1978
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
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 #2516416)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Jun 15, 2023 | No longer available | - | |
| No longer available | |||
| Jun 14, 2023 | Listed by West & Woodall Real Estate - S | $749,000 | |
| Listed by West & Woodall Real Estate - S | |||
| Mar 27, 2023 | Price Decreased |
$749,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Dec 20, 2022 | Listed by West & Woodall Real Estate | $799,000 | |
| Listed by West & Woodall Real Estate | |||
| | |||
|
Lean back in your adirondack chair and enjoy this awesome view.Ranch home with completely finished walkout basement. 2 kitchens and 2 master suites in this home plus 2 more bedrooms. Two fireplaces, one in living room and one in basement with a wood stove insert. Large covered front porch and a very large covered deck with a WOW view!!!! Lower level kitchen and 2nd master with a patio with the great view. Security system! Windows, roof, HVAC have been replaced. Home virtually staged to show potential. Dock needs work The manager has listed the unit size as 2602 square feet.
| |||
Show More
Property Highlights
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 Person
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Terri Reynolds, West & Woodall Real Estate - S
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2516416
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2516416
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017