701 Pierce Road
About This Property
3 bedrooms, 2.5 baths and 2 car garage. Large deck overlooks a concrete patio with hot tub, beautiful inground saltwater swimming pool and level back yard. Full walk-up unfinished attic (849 sq ft) offers expandability and plenty of options. Kitchen has been completely remodeled with new cabinets, granite counter tops and tiled backsplash. Primary bath has been updated with 12x24 tile in the oversized shower and on the bathroom floor. Primary bedroom has a large walk-in closet. Large laundry room with counter top, upper cabinets above washer/dryer and a closet. New carpet has been installed in the two guest bedrooms and upgraded waterproof LVP is installed throughout the rest of the home. Large 3 year old wood built shed in back of property. This house is move in ready! Appraisal completed 3 weeks ago with an appraised value of $475,000.
Showings will be appointment only and all offers must come with a pre-approval letter.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2024 | Sold | ||
| Sold | |||
| Feb 21, 2024 | Listed by Fathom Realty NC | $465,000 | |
| Listed by Fathom Realty NC | |||
| | |||
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Spacious home on a large 1.12 acre leveled and cleared lot. Country living, yet just minutes away from I-40 at exit 312.
3 bedrooms, 2.5 baths and 2 car garage. Large deck overlooks a concrete patio with hot tub, beautiful inground saltwater swimming pool and level back yard. Full walk-up unfinished attic (849 sq ft) offers expandability and plenty of options. Kitchen has been completely remodeled with new cabinets, granite counter tops and tiled backsplash. Primary bath has been updated with 12x24 tile in the oversized shower and on the bathroom floor. Primary bedroom has a large walk-in closet. Large laundry room with counter top, upper cabinets above washer/dryer and a closet. New carpet has been installed in the two guest bedrooms and upgraded waterproof LVP is installed throughout the rest of the home. Large 3 year old wood built shed in back of property. This house is move in ready! Appraisal completed 3 weeks ago with an appraised value of $475,000.
Showings will be appointment only and all offers must come with a pre-approval letter.
| |||
| Jun 24, 2015 | Sold | ||
| Sold | |||
| Apr 8, 2015 | Listed by Fathom Realty NC | $177,500 | |
| Listed by Fathom Realty NC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017