509 Olde Towne Drive
About This Property
Walk into the double front doors and experience a spacious foyer, with a convenient guest bedroom or office to your right and a formal dining room to your left. Continue to an updated eat-in-kitchen with granite countertops, which opens to a welcoming living room surrounding the cosy gas fireplace.
Upstairs you'll find a spacious primary suite with a large and updated en-suite including a jet tub, tile shower, and double vanity. The second floor also features two additional bedrooms, a second full bathroom, and a conveniently located laundry closet.
Enjoy outdoor living on the back deck overlooking an expansive backyard with a privacy fence, and a storage shed for tools or lawn equipment.
Hawkins Run offers wonderful community amenities including a saltwater pool, tennis courts, and a playground. Conveniently located minutes from historic downtown Sanford's shops and dining, as well grocery stores and daily shopping needs. Easy access to major highways to Raleigh, Apex, Cary, Chapel Hill, and Durham, as well as beautiful scenic routes to Jordan Lake for some nature exploration. Stop by and enjoy everything this home and community has to offer.
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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 1, 2026 | Sold | ||
| Sold | |||
| Mar 30, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by Inhabit Real Estate | $309,000 | |
| Listed by Inhabit Real Estate | |||
| Jul 1, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | Listed by Compass -- Raleigh | $319,900 | |
| Listed by Compass -- Raleigh | |||
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Discover the perfect blend of modern updates and classic charm at 509 Olde Towne Drive. This spacious 4-bedroom, 2.5-bathroom home offers 2024 square feet of living space on a .38 acre lot complete with a fenced back yard and all brand new windows. Step inside to find new LVP floors, granite kitchen counters, refaced cabinets, a new primary shower, and a main-floor bedroom. Located in the desirable Hawkins Run neighborhood, this is your chance to experience the best of Sanford living. Schedule a showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017