$975,000
●
House -
Off Market
604 Covered Bridge Trail
Chapel Hill, NC 27517
6 Beds
4 Baths,
1
Half Bath
4,849 Ft²
$5,420
Est. Monthly
$200
HOA / Fees
4.02%
Cap Rate
About This Property
This remarkable 6-bedroom residence boasts two primary suites and
is situated in the highly desirable community of The Legacy at
Jordan Lake. With over 4800 square feet of living space, there's
ample room to unwind and relax. The spacious open-concept first
floor includes a formal dining area, an office, and a generously
sized breakfast nook complete with a built-in banquet, all centered
around the grand family room. Step outside onto the screened porch
and deck to enjoy views of the private backyard, which backs onto
two protected buffers. Don't overlook the convenience of the
first-floor primary suite! Upstairs, you'll discover an expansive
second-floor primary suite with a custom closet, a sprawling loft
area, and three additional generously sized bedrooms, ensuring
everyone has plenty of space. This beautiful home includes many
upgrades such as whole home generator, water filter, WIFI smart
switches, foam insulation and much more!
Unit Size
4,849 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$201
Property Type
House
Property Taxes
$433
HOA Dues
$200
Year Built
2014
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Cap Rate Calculator
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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 #10029146)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2024 | Sold | ||
| Sold | |||
| May 10, 2024 | Listed by MKM Home Realty | $975,000 | |
| Listed by MKM Home Realty | |||
| | |||
|
This remarkable 6-bedroom residence boasts two primary suites and is situated in the highly desirable community of The Legacy at Jordan Lake. With over 4800 square feet of living space, there's ample room to unwind and relax. The spacious open-concept first floor includes a formal dining area, an office, and a generously sized breakfast nook complete with a built-in banquet, all centered around the grand family room. Step outside onto the screened porch and deck to enjoy views of the private backyard, which backs onto two protected buffers. Don't overlook the convenience of the first-floor primary suite! Upstairs, you'll discover an expansive second-floor primary suite with a custom closet, a sprawling loft area, and three additional generously sized bedrooms, ensuring everyone has plenty of space. This beautiful home includes many upgrades such as whole home generator, water filter, WIFI smart switches, foam insulation and much more!
| |||
| Jan 18, 2017 | Sold | ||
| Sold | |||
| Sep 9, 2016 | Listed by MKM Home Realty | $485,000 | |
| Listed by MKM Home Realty | |||
| Aug 21, 2014 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Homestead - Legacy
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Listed by: Kristina Zeller, MKM Home Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10029146
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10029146
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