$675,000
●
House -
Off Market
512 Garendon Drive
Cary, NC 27519
2 Beds
2 Baths
2,165 Ft²
$3,957
Est. Monthly
$300
HOA / Fees
2.48%
Cap Rate
About This Property
Upgrades galore in this welcoming Willow Bend! Beautifully updated
kitchen with stunning granite counters highlighting antique white
cabinetry, large single sink, new backsplash, slider pull-outs,
above & below lighting, newer refrigerator & dishwasher. NEW
wide plank engineered wood floors grace the common areas.
Large dining room transitions to living room with cozy
fireplace and extensive moldings. The year-round Florida
room, with its own HVAC source, is bathed in sunlight and flows
easily to the patio upgraded with pavers. Primary bedroom
with tray ceiling, luxury bath with soaking tub, separate shower,
dual vanities with enhanced woodwork. Large secondary bedroom with
WIC. Office/den with glass French doors for a quiet workspace. NEW
roof & HVAC. Garage with epoxied floor & elevated storage. A pebble
stone walkway greets your guests at the front door. Upgraded
landscaping with new sod and mulch and landscape lighting.
Enjoy world class amenities in this award-winning 55+ active
adult community.
Unit Size
2,165 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$312
Property Type
House
Property Taxes
$342
HOA Dues
$300
Year Built
2006
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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 #10012264)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Jordan Lee Real Estate | $700,000 | |
| Listed by Jordan Lee Real Estate | |||
| | |||
|
Unbelievable updates abound in this gorgeous Willow Bend. A cook's delight kitchen with granite counters contrasted against antique white cabinetry, large single sink, new backsplash, slider pull-outs, above & below lighting, many new(er) appliances. Wide plank engineered wood floors grace the common areas. Large dining room transitions to living room with cozy fireplace (with blower). The year-round Florida room boasts its own HVAC source, is bathed in sunlight and flows easily to the upgraded paver patio. In the past year, another $24k in upgrades including leaf filters, interior paint, top-of-the-line induction range, plantation shutters, water heater and so much more. Epoxied garage floor, pebble stone walkway and newer ROOF & HVAC. What a gem - located within Cary's premier 55+active adult community. Welcome home!
| |||
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Feb 17, 2024 | Listed by Jordan Lee Real Estate | $675,000 | |
| Listed by Jordan Lee Real Estate | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Amberly
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Listed by: Jane Lee, Jordan Lee Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10012264
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10012264
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