$549,000
●
House -
In Contract
711 Midsummer Lane
Apex, NC 27502
3 Beds
2 Baths,
1
Half Bath
2,059 Ft²
$3,165
Est. Monthly
$114
HOA / Fees
About This Property
Fabulous Apex location and beautifully refreshed from top to
bottom! This 3-bedroom home with bonus/4th bedroom has been freshly
painted throughout, including the closets and cabinets, and
features no carpet, just hardwood, tile and LVP flooring. And
truly, no knob left unturned,every knob, hinge and light fixture
has been updated. The kitchen and baths have been updated as well.
The front living and dining rooms flow into the family room through
a beautiful arched entry, with the family room opening directly to
the kitchen. Out back, enjoy a great backyard with a huge 16x24
TREX deck, perfect for entertaining, grilling or relaxing. The yard
has just been reseeded for fall. The home backs to common area with
a trail leading directly to the neighborhood pool. Roof 2021,
Furnace 2012, AC 2026, H20 heater 2018, vapor barrier 2026. All
this in the heart of Apex and less than a mile from downtown Apex!
Unit Size
2,059 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$267
Property Type
House
Property Taxes
$355
HOA Dues
$114
Year Built
1996
Listed By
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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: 13 days ago (TMLS #10194583)
Price History
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Additional Parking, Attached, Concrete, Garage, Garage Faces Front, Paved, Side By Side
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Crown Molding, Eat-in Kitchen, Granite Counters, Open Floorplan, Pantry, Bathtub/Shower Combination, Room Over Garage, Separate Shower, Smooth Ceilings
Appliances: Dishwasher, Electric Range, Microwave
Flooring Type: Hardwood, Luxury Vinyl, Tile
Laundry Features: In Hall, Laundry Closet, Upper Level
Rooms: 8
Exterior Details
Square Footage: 2059
Architectural Style: Transitional
Year Built: 1996
Building Area Total: 2059
Levels: Two
Construction Materials: Vinyl Siding
Patio and Porch Features: Deck
Lot Features: Back Yard, Cul-De-Sac, Front Yard, Hardwood Trees
Lot Size Area: 0.17
Lot Size Units: Acres
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Water Source: Public
Financial Details
Tax Assessed Value: $464,972
Tax Annual Amount: $4,254
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Central, Forced Air, Zoned
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: Management, Pool
HOA Fee: $114
HOA Fee Frequency: Quarterly
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
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HOA + Taxes
About Amherst
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Listed by: Michelle Gelston, Coldwell Banker Advantage
Last Updated: 13 days ago
Data Source: TMLS, MLS# 10194583
Last Updated: 13 days ago
Data Source: TMLS, MLS# 10194583
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