$625,000
●
House -
Off Market
515 Mitchell Street
Hillsborough, NC 27278
4 Beds
3 Baths,
1
Half Bath
3,098 Ft²
$672,775
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Looking for walkable Hillsborough? This one's got you covered &
then some. Open living spaces flow into a designer screened porch
with a gas log fireplace for year-round indoor/outdoor living.
Uncommonly spacious living, a two-car garage, large fenced-in
backyard & first floor bedroom with ensuite bath: all hard-to-find
features in downtown Hillsborough. Walk to Cameron Park Elementary,
Weaver Street Market, downtown restaurants & more. Showings will be
available this weekend: 3/19-3/21. Don't miss it!
Unit Size
3,098 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$186
Property Type
House
Property Taxes
$537
HOA Dues
$157
Year Built
2014
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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 #2372422)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2021 | Sold | ||
| Sold | |||
| Mar 16, 2021 | Listed by Silvestri Properties | $575,000 | |
| Listed by Silvestri Properties | |||
| Apr 18, 2020 | No longer available | - | |
| No longer available | |||
| Apr 7, 2020 | Price Decreased |
$525,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Mar 18, 2020 | Listed | $535,000 | |
| Listed | |||
| | |||
|
Recently vacant, cleaned & sanitized!!! Everything you want and more in this almost-new Drees-built home: walkable to downtown and Cameron Park Elementary. Open living spaces flow into a designer screened porch with gas log fireplace for year-round indoor/outdoor living. Uncommonly spacious living, a two-car garage, fenced-in backyard and first-floor ensuite bedroom: all features that are hard to find in downtown Hillsborough. Come make this home yours today. The manager has listed the unit size as 3098 square feet.
| |||
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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
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hillsborough
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Meighan Carmichael, Silvestri Properties
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2372422
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2372422
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