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Union 28173
7105 Lancaster Highway
$614,995
● House - Off Market

7105 Lancaster Highway

Waxhaw, NC 28173
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,253 Ft²
$3,020
Est. Monthly

About This Property

Cozy, quiet, well maintained home on over 2.5 acres with lots of little upgrades! 3 bedroom + large room. Private with endless possibilities. Minutes from downtown Waxhaw and schools. Cedar wood gazebo on back patio, outdoor shower and shed with plenty of storage.
Unit Size
2,253 Ft²
Days on Market
-
Land Size
2.68 acres
Price per sqft
$273
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

Payment Calculator

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Cap Rate Calculator

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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 (CANOPYMLS #CAR4195480)

Price History

Date / Event Date Event Price
Feb 7, 2025 Temporarily off market -
Temporarily off market
Jan 17, 2025 Price Decreased $614,995
↓ $5K (0.8%)
Price Decreased
Nov 2, 2024 Listed by Homecoin.com $620,000
Listed by Homecoin.com
Jun 22, 2022 Sold
Premium
Sold
Dec 6, 2021 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 116,741
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002680
  • Standard Land Use Code: 0027
  • Legal Description 1: 8390-797

Neighborhood

  • School District Name: Union County Public Schools
  • Census Tract: 020902

Zoning

  • Zoning: RA-40 UNIO

Geography

  • District: 4
  • Parcel: 04-338-002B
  • Municipality: BUFORD TWP
  • Latitude: 34.8714
  • Longitude: -80.6594

    Address

  • Full Address: 7105 Lancaster Hwy
  • Address - House Number: 7105
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Hwy
  • State: NC
  • City Name: Waxhaw
  • Carrier Code: R002
  • 4-Digit Zip Code: 9675
  • Zip Code: 28173

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $213,235
  • Tax Rate Code Area: 925

    Market Valuation

  • Market Total Value: $339,600
  • Market Land Value: $35,600
  • Market Improvement Value: $304,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $339,600
  • Assessed Land Value: $35,600
  • Assessed Improvements Value: $304,000

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jun 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22339
  • Previous Sale Recording Date: Dec 06, 2021
  • Previous Sale Contract Date: Nov 17, 2021
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Union

Stats & Trends

Median Asking:

$490,000

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2688 ft²

Average Home Age

18.7 years

Currently For Sale

1086 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CANOPYMLS

Listed by: Jonathan Minerick, Homecoin.com
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4195480
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Frequently Asked Questions

When was property at 7105 Lancaster Highway built and last sold?
The property at 7105 Lancaster Highway was built in 2022 and last sold on Jun 22, 2022 for $480,000.
How much is this home worth?
The estimated value of the home located at 7105 Lancaster Highway is $0.
What are some comparable homes to 7105 Lancaster Highway?
There are currently no comparable homes to 7105 Lancaster Highway.
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