$480,000
●
House -
Off Market
517 Old Dairy Drive
Wake Forest, NC 27587
3 Beds
2 Baths,
1
Half Bath
2,179 Ft²
$3,069
Est. Monthly
$360
HOA / Fees
3.07%
Cap Rate
About This Property
This beautiful & immaculately maintained home w/open floor
plan & rocking chair front porch is located in the heart of Wake
Forest near shopping, dining & downtown. The wood beamed ceiling &
white masonry fireplace add contemporary charm to the spacious
family rm while flowing perfectly into the dining rm & kitchen.
Your household chef will love the huge center island, gas cooktop,
stainless appliances & modern tile backsplash. Upstairs you will
find the luxurious owners' suite featuring walk-in closet &
oversized shower. 2 large secondary br's, full bath & laundry rm
round out the 2nd fl. The 3rd fl loft makes a great home office or
media room. Convenient to several parks, 15 acre lake, community
pool & more!
Unit Size
2,179 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$224
Property Type
House
Property Taxes
$308
HOA Dues
$360
Year Built
2017
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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 #10026403)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | Listed by Spencer Properties | $489,000 | |
| Listed by Spencer Properties | |||
| | |||
|
This beautiful & immaculately maintained home w/open floor plan & rocking chair front porch is located in the heart of Wake Forest near shopping, dining & downtown. The wood beamed ceiling & white masonry fireplace add contemporary charm to the spacious family rm while flowing perfectly into the dining rm & kitchen. Your household chef will love the huge center island, gas cooktop, stainless appliances & modern tile backsplash. Upstairs you will find the luxurious owners' suite featuring walk-in closet & oversized shower. 2 large secondary br's, full bath & laundry rm round out the 2nd fl. The 3rd fl loft makes a great home office or media room. Convenient to several parks, 15 acre lake, community pool & more!
| |||
| Oct 9, 2017 | 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 Wake Forest
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Listed by: Jennifer Spencer, Spencer Properties
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10026403
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10026403
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