For SaleGood Deal214 days on market
5475 Pine Ridge Dr
5475 Pine Ridge Dr, Connelly Springs, NC 28612, Connelly Springs, NC 28612
$329,900
Estimate®:$329,200
Listing Price
5475 Pine Ridge Dr, Connelly Springs, NC 28612
Loc: Connelly Springs, NC
Days Listed
214
Tax Assessed
$227k
Estimate®
$329k
Market Rate
Lot Size
1.08 acres
Rent Estimate
$2,914/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
George Hildebrand Elementary
PK-5
7.8 mi away
4
East Burke Middle
6-8
13.4 mi away
4
East Burke High
9-12
13.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylemountain homewood sidingattached garagedeckpaved drivewaywooded lotrusticscenic viewsingle-storyresidentialasphalt rooflandscaped
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.25%
Total ROI
116.4%
Cash Flow
$281/mo
DSCR
1.16
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $281/mo net cash flow with a 7.3% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.3%)
- • Strong rental demand in Connelly Springs
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-31 | Price change | $329,900 | $102 |
| 2026-07-24 | Price change | $337,000 | $104 |
| 2026-06-16 | Price change | $338,000 | $104 |
| 2026-05-25 | Price change | $348,000 | $107 |
| 2026-05-05 | Price change | $355,000 | $110 |
| 2026-04-06 | Price change | $370,900 | $115 |
| 2026-03-17 | Price change | $380,500 | $117 |
| 2026-02-22 | Listed for sale | $385,500 | $119 |
| 2023-12-01 | Sold | $299,900 | $93 |
| 2023-10-16 | Price change | $299,900 | $93 |
| 2023-09-20 | Price change | $314,500 | $97 |
| 2023-08-10 | Listed for sale | $329,900 | $102 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,659.03 | $226,776 |
| 2024 | $1,666.37 | $226,776 |
| 2023 | $1,666.37 | $226,776 |
| 2022 | $1,458.34 | $165,624 |
| 2021 | $1,452.34 | $165,624 |
| 2020 | $1,448.34 | $165,624 |
| 2019 | $807.6 | $165,624 |
| 2018 | $1,198.93 | $135,612 |
| 2017 | $1,171.59 | $135,612 |
| 2016 | $1,171.59 | $135,612 |
| 2015 | $1,168.59 | $135,612 |
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