$500,000
●
House -
Off Market
503 Frontgate Drive
Cary, NC 27519
5 Beds
4 Baths,
1
Half Bath
3,921 Ft²
$814,625
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
Best value in Cary Park! Outdoor living and space for everyone with
almost 4,000 sq. ft. of living space & a 778 sq. ft. third floor
walk-up attic. Fantastic open layout - great for entertaining. The
screened porch will be your favorite place to relax or greet
neighbors passing by while sitting on the wrap-around front porch.
Updated kitchen with granite countertops & stainless appliances.
Newer carpet, HVAC & tankless H2O! Hardwood floors on main level.
Unit Size
3,921 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$131
Property Type
House
Property Taxes
-
HOA Dues
$19
Year Built
2002
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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 #2126954)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $514,900 | |
| Listed | |||
| | |||
|
Outdoor living and space for everyone! Almost 4,000 sq. ft. with a fantastic open layout - great for entertaining. The screened porch will be your favorite place to relax or greet neighbors passing by while sitting on the wrap-around front porch. Updated kitchen with granite countertops, stainless appliances, newer carpet, newer HVAC & tankless H2O! Hardwood floors & huge walk-up attic for easy storage.The manager has listed the unit size as 3921 square feet.
| |||
| May 8, 2017 | Listed by Nest Realty of the Triangle | $512,500 | |
| Listed by Nest Realty of the Triangle | |||
| Jul 29, 2002 | Sold | ||
| Sold | |||
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 Cary Park
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Listed by: Valerie Troupe, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2126954
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2126954
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