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Garner 27529 Water Oaks
1029 Oakwater Drive
$160,000
● House - Off Market

1029 Oakwater Drive

Garner, NC 27529
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,470 Ft²
$269,950
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Quiet Ranch, 3 bedroom, large great room with vaulted ceiling, open to kitchen and dining, large master bedroom, laminate flooring, large laundry room, end of cul de sac, large fenced in rear yard and deck in ideal location off of Timber Road. Very close proximity to numerous restaurants, retail, I-40 and Downtown Raleigh. Warranty Program included. Great primary residence or investment property.
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$109
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1994

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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 #2085285)

Price History

Date / Event Date Event Price
Sep 30, 2016 Sold
Premium
Sold
Aug 18, 2016 Listed by Fonville Morisey/Inside the Be $159,900
Listed by Fonville Morisey/Inside the Be
Apr 28, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 1,457
  • Building Area: 1,457
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,457
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATER OAKS SUB
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO31 WATER OAKS SUB PH2 BM1990-1185

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052802

Zoning

  • Zoning: R-12

Geography

  • Account Number: 0185817
  • District: 16
  • Subdivision Phase Number: 2
  • Parcel: 1700.07-68-9787 0185817
  • Lot: 31
  • Municipality: ST MARY'S
  • Latitude: 35.697
  • Longitude: -78.6398

    Address

  • Full Address: 1029 Oakwater Dr
  • Address - House Number: 1029
  • Address - Street Name: Oakwater
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Garner
  • Carrier Code: C013
  • 4-Digit Zip Code: 4169
  • Zip Code: 27529

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $240,740

    Appraisal Valuation

  • Standard Deviation: 0.145
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 82
  • Final Value: 345,057
  • High Value: 395,101
  • Low Value: 295,012

    Market Valuation

  • Market Total Value: $203,772
  • Market Land Value: $60,000
  • Market Improvement Value: $143,772

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $203,772
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $143,772

    Sales

  • Current Sale Contract Date: Sep 29, 2016
  • Current Sale Recording Date: Sep 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 28, 2011
  • Previous Sale Contract Date: Apr 28, 2011
  • Previous Sale Amount: $149,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Water Oaks

Stats & Trends

Median Asking:

$374,500

Sale Price/ft²

$240

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1394 ft²

Average Home Age

32 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 733 Haystack View Road, Raleigh, NC, 27603

$2,050 /mo

  • 3 Beds
  • 2 Baths
  • 1,628 ft²
733 Haystack View Road, Raleigh, NC, 27603 Listing by Leo Chan
Unit for rent at 741 Haystack View Road, Raleigh, NC, 27603

$1,995 /mo

  • 3 Beds
  • 2 Baths
  • 1,628 ft²
741 Haystack View Road, Raleigh, NC, 27603 Listing by Leo Chan
Unit for rent at 729 Haystack View Road, Raleigh, NC, 27603

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,628 ft²
729 Haystack View Road, Raleigh, NC, 27603 Listing by Leo Chan

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: John Butler, Fonville Morisey/Inside the Be
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2085285
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Frequently Asked Questions

When was property at 1029 Oakwater Drive built and last sold?
The property at 1029 Oakwater Drive was built in 1994 and last sold on Sep 29, 2016 for $163,000.
How much is this home worth?
The estimated value of the home located at 1029 Oakwater Drive is $169,597.
What are some comparable homes to 1029 Oakwater Drive?
There are currently no comparable homes to 1029 Oakwater Drive.
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