For SaleRisky Deal119 days on market
7490 Oak Ridge Church Rd
7490 Oak Ridge Church Rd, Connelly Springs, NC 28612, Connelly Springs, NC 28612
$1,099,000
Estimate®:$1,062,600
Listing Price
7490 Oak Ridge Church Rd, Connelly Springs, NC 28612
Loc: Connelly Springs, NC
Days Listed
119
Tax Assessed
$595k
Estimate®
$1063k
Market Rate
Lot Size
6.93 acres
Rent Estimate
$3,031/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.
5
Icard Elementary
PK-5
1.7 mi away
4
East Burke Middle
6-8
2.7 mi away
4
East Burke High
9-12
2.2 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
Single Family Residence2021Ductless, Heat Pump, Propane, OtherCeiling Fan(s), Ductless, Heat Pump2 Attached Garage spaces6.93 Acres119 Days$356
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.78%
Total ROI
-2.4%
Cash Flow
$-4,068/mo
DSCR
0.29
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-4,068/mo net cash flow with a 1.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Connelly Springs, NC
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-17 | Price change | $1,099,000 | $356 |
| 2026-09-10 | Price change | $1,160,000 | $376 |
| 2026-08-04 | Price change | $1,197,000 | $388 |
| 2026-05-28 | Listed for sale | $1,224,950 | $397 |
| 2024-10-18 | Sold | $749,000 | $242 |
| 2024-08-12 | Pending sale | $749,000 | $242 |
| 2024-08-10 | Price change | $749,000 | $242 |
| 2024-07-25 | Listed for sale | $775,000 | $251 |
| 2019-12-06 | Sold | $24,500 | $8 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,120.06 | $567,331 |
| 2024 | $3,871.57 | $529,170 |
| 2023 | $3,251.25 | $442,413 |
| 2022 | $2,673.01 | $304,824 |
| 2021 | $126.88 | $14,928 |
| 2020 | $126.88 | $14,928 |
| 2019 | $233.8 | $14,928 |
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