$432,500
●
House -
Off Market
601 Watch Hill Lane
Wake Forest, NC 27587
3 Beds
2 Baths
1,789 Ft²
$2,488
Est. Monthly
$35
HOA / Fees
About This Property
Looking for a home where you can stroll to get coffee, dinner, live
music, or hop on the greenway-all without ever getting in your car?
Welcome to this beautifully updated one-level home in one of Wake
Forest's most beloved neighborhoods, known for its charm, community
events, farmers markets, festivals and friendly vibes.
Inside, you'll find just under 1,800 square feet of bright, open living space featuring an updated kitchen with a large entertaining island, pull out drawers and designer lighting perfect for gatherings. Vaulted ceilings and abundant natural light make the home feel even more spacious, while continuous hardwood floors throughout mean absolutely no carpet to maintain.
Cozy up by the fireplace during the winter, then enjoy springtime as the yard comes alive like an English garden in bloom. Step outside to a spacious, partially covered deck that offers the best of both worlds. With low HOA fees and a prime location, this home is the perfect blend of comfort, convenience, and community.
Inside, you'll find just under 1,800 square feet of bright, open living space featuring an updated kitchen with a large entertaining island, pull out drawers and designer lighting perfect for gatherings. Vaulted ceilings and abundant natural light make the home feel even more spacious, while continuous hardwood floors throughout mean absolutely no carpet to maintain.
Cozy up by the fireplace during the winter, then enjoy springtime as the yard comes alive like an English garden in bloom. Step outside to a spacious, partially covered deck that offers the best of both worlds. With low HOA fees and a prime location, this home is the perfect blend of comfort, convenience, and community.
Unit Size
1,789 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$243
Property Type
House
Property Taxes
$317
HOA Dues
$35
Year Built
1997
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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: 8 months ago (TMLS #10144325)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Deacons Ridge
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Listed by: Janie Blanco, Allen Tate/Wake Forest
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10144325
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10144325
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