1106 Purple Glory Drive
About This Property
The home is filled with thoughtful updates including all-new luxury vinyl floors on the main level (July 2025), newer roof with architectural shingles (2021), HVAC systems (2019 & 2020), vinyl siding (2021), retaining walls and fresh sod (2024), water heater (2015), and fresh interior paint. Boasting timeless curb appeal, this residence offers an attached garage, a spacious deck, lush landscaping, and a backyard enhanced with privacy screens, perfect for relaxing or entertaining.
Located just minutes from downtown Apex, Beaver Creek Commons and Crossings, Publix, and with easy access to Hwy 55 and the Triangle Expressway, convenience is at your doorstep. As part of the Olive Chapel Swim and Tennis Club, you'll also enjoy access to fantastic community amenities.
***Seller offering Fence Allowance w/ reasonable offer!***
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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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Aug 12, 2025 | Price Decreased |
$699,900
↓ $15K
(2.1%) | |
| Price Decreased | |||
| Aug 1, 2025 | Listed by Compass -- Cary | $715,000 | |
| Listed by Compass -- Cary | |||
| Jun 5, 2025 | Price Decreased |
$739,900
↓ $10K
(1.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017