Alamance
5242 Merlin Drive
$250,000
●
House -
Off Market
5242 Merlin Drive
Snow Camp, NC 27349
3 Beds
2 Baths,
1
Half Bath
1,400 Ft²
$1,306
Est. Monthly
$22
HOA / Fees
9.86%
Cap Rate
About This Property
Welcome Home to your immaculate open floorplan in the Cane Creek
subdivision on .47 acres. Main level offers tons of natural light
throughout your spacious living room, dining room and kitchen.
Perfect for all your entertaining needs. Bright kitchen with
stainless steel appliances, tons of cabinets & pantry perfect for
everyone. Half bath off of the living room and hidden laundry
complete the first floor. The second level features the huge
Owner's Suite with full bath, double vanity and large walk in
closet. 2 additional bedrooms and 2nd full bath complete the second
floor. Lage flat yard for all your outdoor needs & dreams. Paved
driveway with a single car garage. Move in Ready! Love where you
live!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$171
Property Type
House
Property Taxes
$105
HOA Dues
$22
Year Built
2020
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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 #10019079)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 2, 2024 | Sold | ||
| Sold | |||
| Mar 25, 2024 | Listed by eXp Realty, LLC #2 | $240,000 | |
| Listed by eXp Realty, LLC #2 | |||
| | |||
|
Welcome Home to your immaculate open floorplan in the Cane Creek subdivision on .47 acres. Main level offers tons of natural light throughout your spacious living room, dining room and kitchen. Perfect for all your entertaining needs. Bright kitchen with stainless steel appliances, tons of cabinets & pantry perfect for everyone. Half bath off of the living room and hidden laundry complete the first floor. The second level features the huge Owner's Suite with full bath, double vanity and large walk in closet. 2 additional bedrooms and 2nd full bath complete the second floor. Lage flat yard for all your outdoor needs & dreams. Paved driveway with a single car garage. Move in Ready! Love where you live!
| |||
| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Mar 20, 2020 | Listed | $167,490 | |
| Listed | |||
| | |||
|
1401-B NEW 2-story garage home! The main floor has an open great room and dining area that lead into a spacious kitchen. Upstairs is the owner’s suite with private bath and walk-in closet as well as 2 more bedrooms and another full bath. Haggle free pricing. No negotiation necessary.
| |||
Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Alamance
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Listed by: Lauren Gibson, eXp Realty, LLC #2
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10019079
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10019079
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