$270,000
●
House -
Off Market
5436 New Oak Trail
Burlington, NC 27217
2 Beds
1 Bath
$284,326
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Rural NW County property consists of two parcels totaling 4.22
acres with beautiful, fenced field upfront, a wooded lot in the
rear and a brick home. Large steel bldg. (40x80) that could
function as a barn or shop in the middle, the updated home features
2BR and 1 full Bath. with large eat in kitchen with walk in pantry
and separate laundry room. Nice updates include refinished
hardwoods, fresh paint, updated cabinetry and bath.
Unit Size
-
Days on Market
-
Land Size
4.22 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1935
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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 #123817)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Listed by Keller Williams Central | $360,000 | |
| Listed by Keller Williams Central | |||
| | |||
|
Discover the perfect blend of charm and opportunity with this unique 2 bedroom 1 Bath, spacious flex room currently being used as primary. 4+ acre property featuring two parcels, a single-level brick home, and a large barn full of possibilities! Whether you're an equestrian enthusiast looking for space to house horses or dreaming of transforming the barn into a stunning barndominium, this property offers endless potential. Enjoy the beauty of wide-open land, the warmth of a classic country home, and the freedom to create the lifestyle you've always wanted. Don't miss this rare opportunity to own a slice of peaceful living with room to grow!
| |||
| Aug 24, 2022 | Sold | ||
| Sold | |||
| Jun 29, 2022 | Listed by Keller Williams Central | $275,000 | |
| Listed by Keller Williams Central | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Alamance
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gary Lee Renigar, Keller Williams Central
Last Updated: 2 years ago
Data Source: TMLS, MLS# 123817
Last Updated: 2 years ago
Data Source: TMLS, MLS# 123817
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