$362,700
●
House -
Off Market
7024 Cedar Road
Sanford, NC 27332
3 Beds
2 Baths
1,511 Ft²
$352,786
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
This is a 2023 newly-constructed, charming, modern craftsman style
home located on a cul-de-sac road on .35 acres within the beautiful
gated, golfing community of Carolina Trace. The property features
an open floor concept as you walk in the front door to the main
living area. The master bedroom boasts a large walk-through closet
with access to the master bath. Matching granite countertops
throughout the home. Spacious 2 car garage. Gas fireplace. Home is
offered with a 1 year home warranty. HOME IS TO BE COMPLETED BY
FIRST WEEK OF APRIL.
Unit Size
1,511 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$235
Property Type
House
Property Taxes
-
HOA Dues
$66
Year Built
2022
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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: 2 years ago (TMLS #LP700010)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2023 | Sold | ||
| Sold | |||
| Mar 24, 2023 | Listed by HOMEZU | $355,000 | |
| Listed by HOMEZU | |||
| Oct 19, 2022 | No longer available | - | |
| No longer available | |||
| Oct 17, 2022 | Sold | ||
| Sold | |||
| Aug 31, 2022 | Listed by REALTY ONE GROUP HERITAGE | $150,000 | |
| Listed by REALTY ONE GROUP HERITAGE | |||
| | |||
|
PLEASE READ BEFORE CALLING LISTING AGENT***Contractor Special***This is a newly-constructed, charming, modern craftsman style home located on a cul-de-sac road on .35 acres within the beautiful gated, golfing community of Carolina Trace. The property features an open floor concept as you walk in the front door to the main living area. The master bedroom boasts a large walk-in closet. This home is being sold "AS-IS" and construction will need to be completed. It is built on a stem wall slab and has been completely roughed-in. There are some building materials that only need to be installed on site. Buyer will determine what can be used towards completion. THERE ARE ASOCIATION FEES. Please call listing agent with any questions.
| |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
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Closing Price
Sold On
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HOA + Taxes
About Lee
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Listed by: SUSAN AYERS, HOMEZU
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP700010
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP700010
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