$605,000
●
House -
Off Market
10518 Evergreen Spring
Raleigh, NC 27614
3 Beds
2 Baths,
1
Half Bath
2,509 Ft²
$3,491
Est. Monthly
$93
HOA / Fees
About This Property
Looking for a well-priced house in Falls River on hard-to-find flat
lot with fenced in backyard.? If so, this is the one. This house
offers 2509 heated sq ft, 3 bedrooms (all on 2nd floor), huge bonus
room, nice size 2nd floor laundry room. oversized patio, rocking
chair front porch and 2 car garage. Kitchen has stainless steel
appliances, eat at bar, 42-inch cabinets and granite countertops.
LVP flooring throughout except for the full baths and laundry room.
Recent updates include interior painted in 2026, both HVAC units
replaced in 2018, water heater replaced in 2019 and the roof
replaced in 2018. Kitchen refrigerator, beverage fridge in kitchen,
garage refrigerator, washer and dryer convey. One year buyer home
warranty included.
Unit Size
2,509 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$243
Property Type
House
Property Taxes
$402
HOA Dues
$93
Year Built
2004
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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: 7 months ago (TMLS #10145446)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2026 | Sold | ||
| Sold | |||
| Mar 15, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Relisted | $610,000 | |
| Relisted | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Feb 9, 2026 | Listed by Robbins and Associates Realty | $600,000 | |
| Listed by Robbins and Associates Realty | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Raleigh
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Listed by: Stan Partin, Robbins and Associates Realty
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10145446
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10145446
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