$258,000
●
House -
Off Market
624 E Pine Avenue
Wake Forest, NC 27587
3 Beds
2 Baths
1,163 Ft²
$269,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
One story living in the heart of downtown Wake Forest! This
adorable ranch has an inviting front porch for your morning coffee,
and a generous eat-in kitchen with gas range and sunny bay window.
Three bedrooms and two full baths, including a master suite with
bright walk-in closet...one of the bedrooms could easily double as
an office or formal dining. The deck overlooks a large backyard
with storage shed. Big circular driveway provides lots of
off-street parking. No HOA! Only blocks away from coffee,
boutiques, dining, the Wake Forest Farmer's Market, and the
Sprayground.
Unit Size
1,163 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$232
Property Type
House
Property Taxes
$122
HOA Dues
-
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: 2 years ago (TMLS #2527557)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2023 | Sold | ||
| Sold | |||
| Aug 17, 2023 | Listed by ERA Live Moore | $269,900 | |
| Listed by ERA Live Moore | |||
| Feb 4, 2022 | Sold | ||
| Sold | |||
| Nov 19, 2021 | Listed by Fonville Morisey/Midtown Sales | $225,000 | |
| Listed by Fonville Morisey/Midtown Sales | |||
| | |||
|
Charming One story Home on large .25 AC lot w/Circular Driveway. Ready to Move In! New Carpet, New DW, New Gas Range w/Hood Vent, New Hot Water Heater & Blinds. HVAC new in 2017. Power washed outside. Dining room w/door right off kitchen could be converted to a 3rd bedrm. Has Nitch area that a closet could easily be added. Door w/access to hall bath. This is an Estate and is being SOLD 'AS IS". Home is vacant and ready to show anytime. Please remove shoes or wear shoe covers. Protect the new carpet.
| |||
Property Highlights
Air Conditioning
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
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Closing Price
Sold On
Sold On
HOA + Taxes
About Wake Forest
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Listed by: Jacquelyn Spears, ERA Live Moore
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2527557
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2527557
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