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Burke 28655
5375 Pea Ridge Road
$200,000
● House - Off Market

5375 Pea Ridge Road

Morganton, NC 28655
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$983
Est. Monthly
Unit Size
1,512 Ft²
Days on Market
-
Land Size
4.04 acres
Price per sqft
$132
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 (CANOPYMLS #CAR4222307)

Price History

Date / Event Date Event Price
Mar 12, 2025 Sold
Premium
Sold
Feb 12, 2025 Listed by EXP Realty LLC Ballantyne $200,000
Listed by EXP Realty LLC Ballantyne

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 175,982
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004040
  • Standard Land Use Code: 1006
  • Mobile Home Indicator: T
  • Legal Description 1: 5375 PEA RIDGE RD MORGANTON, NC 28655

Neighborhood

  • School District Name: Burke County Schools
  • School Tax School District: LAKE JAMES FD T
  • School Tax District Code 2: BURKE COUNTY LA
  • Census Tract: 020204

Zoning

  • Zoning: RESIDENTIA

Geography

  • District: 111
  • Parcel: 37621
  • Municipality: UPPER CREEK
  • Latitude: 35.8022
  • Longitude: -81.8448

    Address

  • Full Address: 5375 Pea Ridge Rd
  • Address - House Number: 5375
  • Address - Street Name: Pea Ridge
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Morganton
  • Carrier Code: R005
  • 4-Digit Zip Code: 9592
  • Zip Code: 28655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $86,981
  • Tax Rate Code Area: 8507

    Appraisal Valuation

  • Standard Deviation: 0.3436
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 31
  • Final Value: 330,568
  • High Value: 444,165
  • Low Value: 216,970

    Market Valuation

  • Market Total Value: $122,158
  • Market Land Value: $32,939
  • Market Improvement Value: $89,219

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,158
  • Assessed Land Value: $32,939
  • Assessed Improvements Value: $89,219
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burke

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$188

Below Asking

0.03%

Average Days on Market

63

Average Home Size

1950 ft²

Average Home Age

0.3 years

Currently For Sale

372 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Currently no nearby rentals
CANOPYMLS

Listed by: Melissa Plemmons, EXP Realty LLC Ballantyne
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4222307
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Frequently Asked Questions

When was property at 5375 Pea Ridge Road built and last sold?
The property at 5375 Pea Ridge Road was built in 2002 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5375 Pea Ridge Road is $207,389.
What are some comparable homes to 5375 Pea Ridge Road?
There are currently no comparable homes to 5375 Pea Ridge Road.
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