$725,000
●
Land -
Off Market
821 Martingale Lane
Davidson, NC 28036
Studio
0 Bath
$3,455
Est. Monthly
$42
HOA / Fees
About This Property
Location, location, location! This wooded 1.54 acre lot in the
idyllic community of Davidson Equus offers the last opportunity to
build your home exactly as you like. It is located off the beaten
path but close enough to conveniences needed for everyday life in a
small, peaceful boutique community of luxury homes. Approximately 5
miles to charming downtown Davidson, bustling Birkdale Village, and
a short drive or bike ride to River Run Country Club and the West
Branch Nature Preserve Greenway. This lot is ideally suited for a
crawl space or walkout basement and has city water and sewer and is
waiting for your custom builder to build your new home! Please do
not go on this lot without an agent and booked thru showing time.
Unit Size
-
Days on Market
-
Land Size
1.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$42
Year Built
-
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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 #CAR4189234)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by Lake Realty | $695,000 | |
| Listed by Lake Realty | |||
| Feb 7, 2024 | No longer available | - | |
| No longer available | |||
| Feb 3, 2024 | Listed by NorthGroup Real Estate LLC | $425,000 | |
| Listed by NorthGroup Real Estate LLC | |||
| | |||
|
LOCATION,LOCATION,LOCATION. Rare Opportunity!!! Picture prefect town of Davidson and a stunning 1.54 acres of land surround by beautiful spacious estate homes and an equestian horse farm. Limited opportunity to built your dream home and be within the Davidson NC community with Davidson schools!!! This lot is exceptionally suited for constructing a home with a high crawl space or a walk-out basement, offering versatility in design and architecture.
It presents a rare chance to own a preferred lot, the freedom to choose your own builder and ensuring your new home will truly reflect your own vision. Property is nestled on a tranquil cul-de-sac street, this property is the oasis of peace, making it an ideal location for those looking to enjoy their new home amidst the beauty of nature. Neighborhood is a short drive by car or bike to River Run Country Club.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Davidson
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Listed by: Kim Zarsadias, Lake Realty
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4189234
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4189234
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.
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.
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