104 Edgewater Circle
About This Property
Enjoy the rare opportunity of a HUGE, fenced backyard in the highly sought-after Southern Village community!
This beautifully maintained 4-bedroom, 2.5-bathroom home features a bright, open layout with abundant windows that fill the family room, breakfast area, and kitchen with morning sunlight. Refinished hardwood floors (2021) enhance the main level, complemented by solid surface countertops, stainless appliances and timeless plantation shutters.
The basement level features a 380 sq ft finished bonus room a perfect for a media room, playroom, or home gym. Plus, over 1,200 sq ft of partially finished space, including plumbing drains for an additional bathroom, with dual access to the backyard and endless potential for storage, expansion, or customization.
This property offers a completely private, peaceful setting where nature is preserved for your enjoyment with a Resource Conservation District in rear yard.
Southern Village offers true community living, with walkable access to shops, restaurants, groceries , retail, parks, paved trails, professional services, etc. All this just minutes from UNC, downtown Chapel Hill, hospitals, RTP, RDU Airport, I-40, and both Raleigh and Durham.
If lifestyle, location, and livability are on your list, this home is an absolute must-see!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Listed by Corcoran DeRonja Real Estate | $874,900 | |
| Listed by Corcoran DeRonja Real Estate | |||
| Jul 29, 2021 | Sold | ||
| Sold | |||
| Jun 8, 2021 | Listed by Corcoran DeRonja Real Estate | $649,900 | |
| Listed by Corcoran DeRonja Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017