$249,900
●
House -
In Contract
5789 Pine Street
Bailey, NC 27807
3 Beds
2 Baths
1,281 Ft²
$1,445
Est. Monthly
About This Property
YOU CAN STILL PLACE AN OFFER! Move-in ready with no HOA and no
restrictions! Built in 2023, this attractive 3-bedroom, 2-bath home
offers 1,281 square feet of comfortable living on a spacious
.92-acre lot on Pine Street in Bailey. The kitchen features granite
countertops and soft-close cabinetry. The primary suite includes a
walk-in closet and a private bath with both a garden tub and
separate walk-in shower. Two windows in both of the additional
bedrooms provide natural lighting. The 12-by-16 screened porch is a
relaxing retreat to enjoy the large backyard. This nearly new home
offers modern finishes, plenty of outdoor space, and the
opportunity to settle in without the wait of new construction!
Convenient access to US 264 / I87.
Unit Size
1,281 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$195
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
-
Listed By
Kevin Swiger
Parrish Realty Company of Zebu
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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: 11 days ago (TMLS #10181219)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Aug 23, 2026 | Price Decreased |
$249,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$254,900
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Jul 19, 2026 | Listed by Parrish Realty Company of Zebu | $259,900 | |
| Listed by Parrish Realty Company of Zebu | |||
| Oct 17, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Gravel
Open Parking Spaces: 4
Interior Details
Full Bathrooms: 2
Interior Features: Double Vanity, Granite Counters, Open Floorplan, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s), Bathtub/Shower Combination, Kitchen/Dining Room Combination, Separate Shower, Walk-In Shower
Appliances: Dishwasher, Free-Standing Electric Range, Microwave
Flooring Type: Luxury Vinyl
Door Features: French Doors
Laundry Features: Electric Dryer Hookup, Laundry Room, Washer Hookup
Rooms: 8
Exterior Details
Square Footage: 1281
Architectural Style: Ranch
Year Built: 2023
Building Area Total: 1281
Levels: One
Construction Materials: Frame, Vinyl Siding
Patio and Porch Features: Rear Porch, Screened
Lot Features: Cleared
Lot Size Area: 0.93
Lot Size Units: Acres
Lot Size Acres: 0.93
Lot Size Square Feet: 40511
Water Source: Public
Financial Details
Tax Assessed Value: $174,030
Tax Annual Amount: $2,610
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Heat Pump
Sewer : Septic Tank
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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HOA + Taxes
About Bailey
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Listed by: Kevin Lee Swiger, Parrish Realty Company of Zebu
Last Updated: 11 days ago
Data Source: TMLS, MLS# 10181219
Last Updated: 11 days ago
Data Source: TMLS, MLS# 10181219
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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