$400,000
●
House -
Off Market
114 Dixie Trail
Raleigh, NC 27607
2 Beds
1 Bath
1,340 Ft²
$554,619
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Adorable bungalow with just the right mix of historic touches and
modern finishes ideally situated within a stones throw distance of
Olds Elementary, NC State and Meredith. 8'3" ceilings, hardwoods,
appliances replaced in 2016, newer windows, HVAC 2015! Charming
nooks and crannies with built ins, working Art Deco style
fireplace, insets for dishes, new sump pump, vapor barrier and
gravel drainage trenches installed 2016. Perfect investment
property, first home or one story living age in place! Won't last!
Unit Size
1,340 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$299
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1938
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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 #2327001)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2020 | Sold | ||
| Sold | |||
| Jun 25, 2020 | Listed by Allen Tate/Raleigh-Glenwood | $400,000 | |
| Listed by Allen Tate/Raleigh-Glenwood | |||
| Jul 27, 2016 | Sold | ||
| Sold | |||
| Jun 15, 2016 | Listed by Carolina's Choice Real Estate | $300,000 | |
| Listed by Carolina's Choice Real Estate | |||
| | |||
|
Adorable bungalow located in prime ITB location! New HVAC 2015! Hardwoods throughout most of 1st floor. Plantation shutters. Newer windows. Spacious living room features masonry fireplace. Formal dining room. Bright and open kitchen. 2nd floor includes bonus room. Rocking chair front porch. Fenced backyard with patio. Off street parking. Unfinished basement offers great storage.
| |||
| Jun 20, 2013 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About University
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Currently no similar homes aroundNearby Rentals
Listed by: Carolyn Swenson, Allen Tate/Raleigh-Glenwood
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2327001
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2327001
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