$499,900
●
House -
In Contract
9516 Westmoreland Road
Cornelius, NC 28031
3 Beds
2 Baths,
1
Half Bath
1,905 Ft²
$2,455
Est. Monthly
About This Property
Charming three-bedroom ranch home with two full baths and one half
bath, situated on a spacious lot with a large yard. The property
features a functional layout with a generously sized kitchen,
updated in 2014, offering ample cabinet storage, an electric
cooktop, and space for dining.
The living areas provide flexibility for both everyday living and entertaining, highlighted by a cozy wood-burning fireplace, while also offering an opportunity for further updates and personalization throughout the home. The bathroom layout is both practical and accommodating, with one full bath featuring double vanity sinks for added convenience and functionality. Hardwood floors run throughout the main living areas, with tile flooring in the kitchen and bathrooms.
Exterior highlights include a long driveway, attached garage, and an expansive backyard, offering privacy and room for outdoor activities. Additional detached structure provides potential for storage or workshop use.
Conveniently located near local amenities, this home offers comfortable living with room to make it your own.
The living areas provide flexibility for both everyday living and entertaining, highlighted by a cozy wood-burning fireplace, while also offering an opportunity for further updates and personalization throughout the home. The bathroom layout is both practical and accommodating, with one full bath featuring double vanity sinks for added convenience and functionality. Hardwood floors run throughout the main living areas, with tile flooring in the kitchen and bathrooms.
Exterior highlights include a long driveway, attached garage, and an expansive backyard, offering privacy and room for outdoor activities. Additional detached structure provides potential for storage or workshop use.
Conveniently located near local amenities, this home offers comfortable living with room to make it your own.
Unit Size
1,905 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$262
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975
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: 4 months ago (CANOPYMLS #CAR4359572)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Relisted | $499,900 | |
| Relisted | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Price Decreased |
$499,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Mar 19, 2026 | Listed by Castle Gate Real Estate Group LLC | $510,000 | |
| Listed by Castle Gate Real Estate Group LLC | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Driveway, Attached, Garage Faces Front
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Dishwasher, Disposal, Electric Cooktop, Microwave, Other
Flooring Type: Wood
Laundry Features: Washer Hookup, Utility Room
Has Fireplace
Fireplace Features: Den
Basement: Other
Exterior Details
Square Footage: 1905
Year Built: 1975
Levels: One
Construction Materials: Wood Siding
Lot Features: Cleared, Level
Lot Size Area: 0.79
Lot Size Units: Acres
Lot Size Acres: 0.79
Lot Size Square Feet: 34412.4
Water Source: City
Financial Details
Tax Assessed Value: $499,200
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
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 Cornelius
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Listed by: Hunter Ratcliff, Castle Gate Real Estate Group LLC
Last Updated: 4 months ago
Data Source: CANOPYMLS, MLS# CAR4359572
Last Updated: 4 months ago
Data Source: CANOPYMLS, MLS# CAR4359572
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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