$321,000
●
Condo -
Off Market
521 Springfork Drive
Cary, NC 27513
2 Beds
2 Baths
1,295 Ft²
$2,152
Est. Monthly
$354
HOA / Fees
6.37%
Cap Rate
About This Property
Main level waterfront condo
Unit Size
1,295 Ft²
Days on Market
-
Land Size
-
Price per sqft
$251
Property Type
Condo
Property Taxes
$202
HOA Dues
$354
Year Built
1987
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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 #10063079)
Price History
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Additional Parking, Assigned, Lighted, Parking Lot, Paved
Open Parking Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Appliances: Dishwasher, Dryer, Electric Oven, Electric Water Heater, Refrigerator, Washer, Water Heater
Flooring Type: Carpet, Laminate
Window Features: Insulated Windows, Screens
Door Features: Sliding Doors
Laundry Features: Inside
Common walls with other units/homes: End Unit
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1295
Square Footage Source: Public Records
Architectural Style: Transitional
Year Built: 1986
Waterfront Features: Lake, Lake Front
Waterbody Name: Holiday Acres Lake
Above Grade Finished Area: 1295Square Feet
Building Area Total: 1295
Levels: One
Building Area Units: Square Feet
Construction Materials: Wood Siding
Patio and Porch Features: Deck
Roof: Asphalt
Foundation: Brick/Mortar
Pool Features: Association, Community, In Ground
Lot Features: Lake on Lot, Many Trees
Water Source: Public
Financial Details
Tax Annual Amount: $2,426
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Pest Control, Road Maintenance, Sewer, Snow Removal, Storm Water Maintenance, Trash, Water
HOA/Condo/Coop Amenities: Clubhouse, Dog Park, Maintenance Grounds, Management, Meeting Room, Parking, Picnic Area, Pool, Trash, Water
HOA Fee: $300
HOA Fee Frequency: Monthly
Condo/Coop Fee: $54
Condo/Coop Fee Frequency: Monthly
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Heat Pump
Heating Type: Fireplace(s), Heat Pump
Utilities for Property: Cable Available, Electricity Connected, Phone Available, Sewer Connected
Sewer : Public Sewer
Community & neighborhood Details
Region: Cary
Subdivision: Cedar Pointe Condos
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/02/2024
| |
2 Bed
|
2 Bath
|
1295 ft²
|
$325,000
2 Bed
2 Bath
1295 ft²
|
$321,000
-1.23%
11/15/2024
|
Hugh Mokry
Safe Harbour Properties, LLC
|
Building Info
About Cedar Pointe Condominiums
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Listed by: Hugh Mokry, Safe Harbour Properties, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10063079
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10063079
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