$245,000
●
Condo -
Off Market
611 Springfork Drive #5C1
Cary, NC 27513
2 Beds
2 Baths
1,413 Ft²
$267,617
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
Spacious, One-Story, ground level 2Bd/2Ba+ Flex room condo with
WATER VIEW in convenient central Cary location. Owner's suite
w/garden tub, walk-in shower, dbl vanity+access to priv covered
patio. Open plan main living area w/42" cabinets+tile in
kitchen, corner fireplace w/gas logs in family room. Office/flex
room for your choice of purpose. 9' Ceilings throughout. Extra
storage & security system. Steps away from pool, lake, trail & dog
park. Stunning grounds! Shopping, Food, Parks, RTP, RDU all nearby!
Unit Size
1,413 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
Condo
Property Taxes
$146
HOA Dues
$315
Year Built
1997
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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 #2412985)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 19, 2021 | Sold | ||
| Sold | |||
| Oct 11, 2021 | Listed by Compass -- Raleigh | $240,000 | |
| Listed by Compass -- Raleigh | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Assigned, Parking Lot
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Entrance Foyer, Pantry, Master Downstairs, Storage, Bathtub/Shower Combination, Living/Dining Room Combination, Separate Shower, Smooth Ceilings
Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator
Flooring Type: Carpet, Tile, Vinyl
Laundry Features: Electric Dryer Hookup, Laundry Closet, Main Level
Rooms: 5
Has Fireplace
Fireplace Features: Family Room, Gas Log
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1413
Architectural Style: Transitional
Year Built: 1997
Waterbody Name: Unnamed
Building Area Total: 1413
Levels: One
Other Structures: Shed(s), Storage
Building Area Units: Square Feet
Construction Materials: Vinyl Siding
Patio and Porch Features: Covered, Patio, Porch
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $1,750
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash, Water
HOA/Condo/Coop Amenities: Clubhouse, Pool, Trail(s)
HOA Fee: $270
HOA Fee Frequency: Monthly
Condo/Coop Fee: $45
Condo/Coop Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/11/2021
|
2 Bed
|
2 Bath
|
1413 ft²
|
$240,000
2 Bed
2 Bath
1413 ft²
|
$245,000
+2.08%
11/19/2021
|
Annette Holt
Keller Williams Legacy
|
Building Info
About Cedar Pointe Condominiums
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Annette Holt, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2412985
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2412985
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