$75,000
●
Land -
Off Market
503 Davis Love
Chapel Hill, NC 27517
Studio
0 Bath
$127,271
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Two lots in one. Large size golf lot. Many options to build your
dream home. Located on the 16 Fairway with vista golf views. MODEL
HOMES FOR VIEWING. Surrounded with hardwoods for your privacy all
located in the Davis Love III Golf community with pool, tennis
fitness, basketball court, playground area, biking/walking trails,
nearby Jordan Lake recreation, and much more. NO DEADLINE TO BEGIN
YOUR BUILD. Bring your own builder and plans or ask about builder
list and sample plans. Custom home community.
Unit Size
-
Days on Market
-
Land Size
0.59 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2021
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Cap Rate Calculator
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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 #1871017)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2021 | Sold | ||
| Sold | |||
| Mar 27, 2020 | Sold | ||
| Sold | |||
| Jan 14, 2013 | Listed by The Preserve at Jordan Lake Re | $89,000 | |
| Listed by The Preserve at Jordan Lake Re | |||
| | |||
|
Two lots in one. Large size golf lot. Many options to build your dream home. Located on the 16 Fairway with vista golf views. MODEL HOMES FOR VIEWING. Surrounded with hardwoods for your privacy all located in the Davis Love III Golf community with pool, tennis fitness, basketball court, playground area, biking/walking trails, nearby Jordan Lake recreation, and much more. NO DEADLINE TO BEGIN YOUR BUILD. Bring your own builder and plans or ask about builder list and sample plans. Custom home community.
| |||
Property Highlights
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 The Preserve
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Tony Golden, The Preserve at Jordan Lake Re
Last Updated: 2 years ago
Data Source: TMLS, MLS# 1871017
Last Updated: 2 years ago
Data Source: TMLS, MLS# 1871017
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