$169,900
●
House -
Off Market
614 Ridgeway Drive
Burlington, NC 27217
3 Beds
2 Baths
2,167 Ft²
$229,670
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Beautiful all brick ranch home w/ basement & garage on non through
street. Well maintained inside & out. All new replacement windows.
Hardwoods. Very well maintained home w/ spacious great rm, Large
Bedrooms, Eat in kitchen opens to kitchen & lots of cabinets &
storage. Relaxing semi-private sand patio has plenty of room for
grilling & entertaining. Large attached over-sized 1 car garage w/
room for workshop. Large lot w/ front picket fence on dead end
road. A huge basement with so much potential. HURRY!
Unit Size
2,167 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$78
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1957
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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: 12 months ago (TMLS #2333167)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by NorthGroup Real Estate LLC | $290,000 | |
| Listed by NorthGroup Real Estate LLC | |||
| | |||
|
Beautifully renovated brick, ranch style house with 3 bedrooms & 2 baths. Lovely open concept. Large Living room with NEW LVP and inviting electric fireplace. Kitchen has nice granite countertops and an island suitable for entertaining or meal prep. All bedrooms with original, gleaming hardwood floors. Primary bedroom is spacious with a newly renovated bathroom, tiled shower and modern vanity. Other 2 bedrooms are nicely sized with good closet space. The full basement is unfinished (not included in sq footage) and you can make it your own for more space. Great 2 car garage. Wonderful backyard. Come check it out before it is too late!!
| |||
| Jul 15, 2024 | Sold | ||
| Sold | |||
| May 28, 2024 | Listed by Re/MaxDiamond Realty | $220,000 | |
| Listed by Re/MaxDiamond Realty | |||
| | |||
|
All brick ranch with hardwood floors throughout. Basement with 969 sqft, not included in reported square footage. Updated bathroom and kitchen. Nice size rooms, great space for the price. Home is conveniently located near Graham, Burlington and Mebane with easy access to Chapel Hill and Greensboro. Home being sold as is, where is.
| |||
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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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About Burlington
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Listed by: Becky Belk, Keller Williams Preferred Realty
Last Updated: 12 months ago
Data Source: TMLS, MLS# 2333167
Last Updated: 12 months ago
Data Source: TMLS, MLS# 2333167
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