$560,000
●
House -
Off Market
1013 Powell Drive
Raleigh, NC 27606
3 Beds
2 Baths
1,663 Ft²
$3,017
Est. Monthly
3.71%
Cap Rate
About This Property
Discover modern living with timeless charm at 1013 Powell Dr, a
fully renovated ranch in the heart of Raleigh. From the moment you
arrive, this home impresses with its inviting curb appeal, fresh
updates, and thoughtful design. Step inside to find an open and
airy layout, filled with natural light that highlights the sleek
finishes and custom touches throughout. The gourmet kitchen is a
chef's dream, featuring contemporary cabinetry, high-end
appliances, and a spacious island perfect for both cooking and
entertaining. The living spaces flow effortlessly, creating a
seamless connection between everyday comfort and upscale
refinement. The fully updated bathrooms, spacious bedrooms, and
carefully selected finishes ensure every detail is move-in ready.
Outside, an oversized backyard provides a serene retreat with space
to relax, play, or host gatherings. Ideally located, with easy
access to shopping, dining, and local parks, this stunning property
combines convenience, style, and comfort in one picture-perfect
opportunity.
Unit Size
1,663 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$331
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1957
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Cap Rate Calculator
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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 (TMLS #10117127)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Listed by Compass -- Raleigh | $550,000 | |
| Listed by Compass -- Raleigh | |||
| Sep 30, 2016 | Sold | ||
| Sold | |||
| Jul 17, 2016 | Listed by Hotchkiss Properties | $315,900 | |
| Listed by Hotchkiss Properties | |||
| | |||
|
This is a must see completely renovated mid-century ranch. Great opportunity to live in this desirable west Raleigh; Cardinal Hills neighborhood. Very nice large private city lot. Walking/biking distance to NC State, downtown, parks and shopping. Easy access to 440. Please note: The actual floor plan is slightly different from the pictured rendering.
| |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Southwest Raleigh
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Listed by: Johnny Chappell, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10117127
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10117127
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