$258,000
●
House -
Off Market
532 Boone Road
Burlington, NC 27217
3 Beds
2 Baths
1,399 Ft²
$1,394
Est. Monthly
7.63%
Cap Rate
About This Property
Welcome to this charming brick ranch nestled on 2.02 acre lot
within Western School District. This home offers a perfect blend of
comfortable living, potential for customization, and ample outdoor
space. Traditional ranch layout with 3 bed and 2 baths, and an
office. The unfinished basement will allow you to create a
recreation space or workshop to suit your needs.The double carport
has access from the basement, also a detached garage and a Pole
barn provides extra storage or workspace for your hobbies and
projects. Dont miss the oppurtunity for peaceful rural living.
Unit Size
1,399 Ft²
Days on Market
-
Land Size
2.02 acres
Price per sqft
$193
Property Type
House
Property Taxes
$67
HOA Dues
-
Year Built
1955
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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 #128658)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2024 | Sold | ||
| Sold | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Relisted | $280,000 | |
| Relisted | |||
| Nov 28, 2023 | No longer available | - | |
| No longer available | |||
| Oct 4, 2023 | Listed by Re/Max Diamond Realty | $280,000 | |
| Listed by Re/Max Diamond Realty | |||
| | |||
|
Welcome to this charming brick ranch nestled on 2.02 acre lot within Western School District. This home offers a perfect blend of comfortable living, potential for customization, and ample outdoor space. Traditional ranch layout with 3 bed and 2 baths, and an office. The unfinished basement will allow you to create a recreation space or workshop to suit your needs.The double carport has access from the basement, also a detached garage and a Pole barn provides extra storage or workspace for your hobbies and projects. Dont miss the oppurtunity for peaceful rural living.
| |||
Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Closing Price
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HOA + Taxes
About Alamance
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Listed by: Lori Porter, Re/MaxDiamond Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 128658
Last Updated: 2 years ago
Data Source: TMLS, MLS# 128658
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