$395,000
●
House -
Off Market
818 Colonial Drive
Burlington, NC 27215
4 Beds
3 Baths,
1
Half Bath
3,271 Ft²
$2,201
Est. Monthly
About This Property
Fabulous neighborhood! No HOA!! Welcome to this one-owner brick
ranch with a partially finished basement. Property is near the
Alamance Country Club & Don Ross golf course. Interior features
include a slate-floored entry and large living room adjoining
formal dining room. Kitchen opens to light -filled spacious
breakfast room. Rear laundry + 1/2 bath + walk-in pantry are
located behind breakfast area. The den offers built-in
shelving and masonry gas log fireplace & desk. Hardwoods in den and
hall. 4 large main floor bedrooms are served by 2 baths -one of
which has been renovated with heated flooring,tile and granite
counter top. Separate main level rear sunroom 10x16 has cooling
unit installed. Sq ft not included in total. In basement please
find a large finished family room, a bedroom w/bath, rec room area
& unfinished workshop. New roof 2024, gas hot water heater
2020. Lovely rear fenced yard. Storage bldg remains.
Hardwoods in den and hall.
Per Appraisal: !st Floor 2386 sq ft, Finished Basement 884 sqft, Unfinished Basement 238 sq ft. Sunroom not heated 166 sq ft
Hardwoods in den and hall.
Per Appraisal: !st Floor 2386 sq ft, Finished Basement 884 sqft, Unfinished Basement 238 sq ft. Sunroom not heated 166 sq ft
Unit Size
3,271 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$121
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1965
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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: 7 months ago (TMLS #10142343)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Jan 20, 2026 | Listed by Allen Tate/Burlington | $395,000 | |
| Listed by Allen Tate/Burlington | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Price Decreased |
$395,000
↓ $30K
(7.1%) | |
| Price Decreased | |||
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Property Highlights
Air Conditioning
Fireplace
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Burlington
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Listed by: Jane Erwin, Allen Tate/Burlington
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10142343
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10142343
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