$561,000
●
House -
Off Market
1101 Paddock Drive
Raleigh, NC 27609
4 Beds
3 Baths
1,752 Ft²
$3,103
Est. Monthly
4.58%
Cap Rate
About This Property
Renovated & move-in ready! 4 bed, 3 full bath modern charmer is
tailored to suit your growing needs! .3 acres situated on a corner,
cul-de-sac lot in a charming neighborhood just minutes to Midtown!
Beautiful white kitchen with SS appliances, quartz counters and
island seating. Bright and airy, open living space has floor to
ceiling windows with a southern exposure to maximize light. Not
one, but TWO living spaces--give yourself some room and spread out!
The lower level ftrs a cozy den or flex area to fit your needs, and
a 4th bedroom and full bath guest suite with exterior access.
Living is not constrained to 4 walls, the huge back deck is
ready for late summer evening soirees, fall festivities and
football! Front yard, side yard, back yard-this house has ample
yard to romp around in! Fantastic, friendly, convenient North
Raleigh neighborhood only 1 mi to North Ridge shopping and
restaurants, <2 mi to North Hills Mall & Innovation Districts ,
<15 min drive to DT Raleigh.
Unit Size
1,752 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$314
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1972
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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 #10044603)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | Listed by Compass -- Raleigh | $550,000 | |
| Listed by Compass -- Raleigh | |||
| | |||
|
Renovated & move-in ready! 4 bed, 3 full bath modern charmer is tailored to suit your growing needs! .3 acres situated on a corner, cul-de-sac lot in a charming neighborhood just minutes to Midtown! Beautiful white kitchen with SS appliances, quartz counters and island seating. Bright and airy, open living space has floor to ceiling windows with a southern exposure to maximize light. Not one, but TWO living spaces--give yourself some room and spread out! The lower level ftrs a cozy den or flex area to fit your needs, and a 4th bedroom and full bath guest suite with exterior access. Living is not constrained to 4 walls, the huge back deck is ready for late summer evening soirees, fall festivities and football! Front yard, side yard, back yard—this house has ample yard to romp around in! Fantastic, friendly, convenient North Raleigh neighborhood only 1 mi to North Ridge shopping and restaurants,
| |||
| Sep 18, 2020 | Sold | ||
| Sold | |||
| Mar 3, 2020 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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: Charlotte Davenport, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10044603
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10044603
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