For SaleRisky Deal120 days on market
111 Lake Front Dr
111 Lake Front Dr, Connelly Springs, NC 28612, Connelly Springs, NC 28612
$745,000
Estimate®:$730,400
Listing Price
111 Lake Front Dr, Connelly Springs, NC 28612
Loc: Connelly Springs, NC
Days Listed
120
Tax Assessed
$552k
Estimate®
$730k
Market Rate
Lot Size
1.68 acres
Rent Estimate
$2,610/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
Valdese Elementary
PK-5
3.5 mi away
5
Heritage Middle
6-8
4 mi away
8
Jimmy C. Draughn High School
9-12
1.9 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 Residence2025Heat PumpCeiling Fan(s), Central Air2 Attached Garage spaces$625 annually1.68 Acres120 Days$299
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.30%
Total ROI
8.7%
Cash Flow
$-2,441/mo
DSCR
0.37
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,441/mo net cash flow with a 2.3% 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 |
|---|---|---|---|
| 2026-09-05 | Price change | $745,000 | $299 |
| 2026-06-23 | Price change | $750,000 | $301 |
| 2026-06-04 | Price change | $765,000 | $307 |
| 2026-05-28 | Listed for sale | $785,000 | $315 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $214.17 | $551,631 |
| 2024 | $215.79 | $32,450 |
| 2023 | $215.79 | $32,450 |
| 2022 | $223.6 | $27,950 |
| 2021 | $223.6 | $27,950 |
| 2020 | $223.6 | $27,950 |
| 2019 | $1,399.76 | $27,950 |
| 2018 | $367.21 | $45,900 |
| 2017 | $355.73 | $45,900 |
| 2016 | $355.73 | $45,900 |
| 2015 | $355.73 | $45,900 |
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