$370,000
●
House -
Off Market
527 E Pine Avenue
Wake Forest, NC 27587
3 Beds
2 Baths,
1
Half Bath
1,614 Ft²
$2,096
Est. Monthly
5.43%
Cap Rate
About This Property
Wake Forest has been described as a town where ''quaint meets
cool''. According to wakeforestnc.gov, ''There's a certain feeling
you get in our downtown. A charming, stylish, soulful kind of
edginess and ambience, atmosphere and aura.'' This 2021-built home
is just moments away from all the cool things downtown Wake Forest
has to offer including dining, boutiques, galleries and more. Enjoy
all the amenities of a new home in a style that blends seamlessly
with the charm and history of the area. A rocking-chair front porch
welcomes owners and guests alike. An open floorplan on the main
level features a kitchen in the heart of the home flanked by a
spacious dining area and large family room with fireplace.
Finishing out the first floor is a powder room, a walk-in pantry
and a storage room that could easily be converted to a mudroom/drop
zone or home office. Upstairs you'll find three spacious bedrooms,
two full baths and a laundry closet. The fully fenced, private
backyard and deck create a wonderful space for outdoor
entertaining. A wonderful place to call home!
Unit Size
1,614 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$235
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
2021
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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 #10043766)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Listed by Hodge & Kittrell Sotheby's Int | $379,900 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Oct 4, 2021 | Sold | ||
| Sold | |||
| Mar 2, 2021 | Listed by Hodge & Kittrell Sotheby's Int | $240,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
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Property Highlights
Air Conditioning
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: Mollie Owen, Hodge & Kittrell Sotheby's Int
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043766
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043766
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