$310,000
●
House -
Off Market
62 Indian Trail
Sanford, NC 27332
4 Beds
4 Baths
2,795 Ft²
$1,875
Est. Monthly
$67
HOA / Fees
About This Property
Timeless Country Charm Meets Golf Course Living in Carolina
Trace!
Nestled on a 1+ acre lot in the gated Carolina Trace Golf Community, this distinctive 4-bedroom, 4-bath home offers 2,795 square feet of living space and a rare opportunity to restore a truly special property. The home adjoins a serene pond and enjoys picturesque views of the 4th fairway, creating a peaceful setting that blends nature and golf course living.
Originally built circa 1863 and relocated from a farm off Horner Boulevard in Sanford around 1973, this home carries rich character and history. A rear addition, believed to have been constructed in the early 1980s, expanded the living space while preserving its country charm. Features include a welcoming front porch, spacious interior layout, and a detached two-car garage.
The property is in need of updates and repairs, making it an ideal canvas for buyers looking to customize and restore. With its unique history, generous bedroom and bath count, and prime location within a gated golf community, this home offers exceptional potential.
Seller desires to sell AS-IS.
Bring your vision and transform this wonderful country home in a golf course community into something truly special.
Nestled on a 1+ acre lot in the gated Carolina Trace Golf Community, this distinctive 4-bedroom, 4-bath home offers 2,795 square feet of living space and a rare opportunity to restore a truly special property. The home adjoins a serene pond and enjoys picturesque views of the 4th fairway, creating a peaceful setting that blends nature and golf course living.
Originally built circa 1863 and relocated from a farm off Horner Boulevard in Sanford around 1973, this home carries rich character and history. A rear addition, believed to have been constructed in the early 1980s, expanded the living space while preserving its country charm. Features include a welcoming front porch, spacious interior layout, and a detached two-car garage.
The property is in need of updates and repairs, making it an ideal canvas for buyers looking to customize and restore. With its unique history, generous bedroom and bath count, and prime location within a gated golf community, this home offers exceptional potential.
Seller desires to sell AS-IS.
Bring your vision and transform this wonderful country home in a golf course community into something truly special.
Unit Size
2,795 Ft²
Days on Market
263 days
Land Size
1.03 acres
Price per sqft
$116
Property Type
House
Property Taxes
$221
HOA Dues
$67
Year Built
1976
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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: 15 days ago (TMLS #10143820)
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Listed by: Scott Harris, Harris Realty & Auction
Last Updated: 15 days ago
Data Source: TMLS, MLS# 10143820
Last Updated: 15 days ago
Data Source: TMLS, MLS# 10143820
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