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Garner 27529 Weston Ridge
115 Grassy Rio Lane
$255,000
● House - Off Market

115 Grassy Rio Lane

Garner, NC 27529
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,340 Ft²
$267,624
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Beautiful open concept home with new LVP floors in the living & dining room, vaulted ceilings, cozy fireplace, & spacious bedrooms. Just add speakers to the pre-wired sound system for instant ambience! Lg owner's suite lends privacy away from secondary bdrms & ensuite has dual sinks & huge WIC. Working from home is a breeze w/fiber internet & LAN/CATV networking. Many updates throughout! New 15.5 seer HVAC w/whole home filtration, ring doorbell & smartlock, LED lighting & ceiling fans, storm door, & more!
Unit Size
1,340 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$168
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
2007

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Cap Rate Calculator

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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 #2375883)

Price History

Date / Event Date Event Price
May 3, 2021 Sold
Premium
Sold
Apr 5, 2021 Listed by Core Realty Advisors $225,000
Listed by Core Realty Advisors
Dec 18, 2013 Sold
Premium
Sold
Jul 27, 2007 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,334
  • Building Area: 1,334
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,334
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTON RIDGE
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO191 WESTON RIDGE PH3 BM2005-01072

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052803

Zoning

  • Zoning: MR-1

Geography

  • Account Number: 0334470
  • District: 16
  • Subdivision Phase Number: 3
  • Parcel: 1711.09-26-2857 0334470
  • Lot: 191
  • Municipality: ST MARY'S
  • Latitude: 35.7191
  • Longitude: -78.6218

    Address

  • Full Address: 115 Grassy Rio Ln
  • Address - House Number: 115
  • Address - Street Name: Grassy Rio
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Garner
  • Carrier Code: C005
  • 4-Digit Zip Code: 2889
  • Zip Code: 27529

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $211,723

    Appraisal Valuation

  • Standard Deviation: 0.141
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 83
  • Final Value: 333,648
  • High Value: 380,697
  • Low Value: 286,599

    Market Valuation

  • Market Total Value: $179,005
  • Market Land Value: $38,000
  • Market Improvement Value: $141,005

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $179,005
  • Assessed Land Value: $38,000
  • Assessed Improvements Value: $141,005

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 18, 2013
  • Previous Sale Contract Date: Nov 06, 2013
  • Previous Sale Amount: $124,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Weston Ridge

Stats & Trends

Median Asking:

$310,250

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

109

Average Home Size

1254 ft²

Average Home Age

24.8 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1013 Early Rise, Raleigh, NC, 27610

$1,970 /mo

  • 4 Beds
  • 2 Baths
  • 2,045 ft²
1013 Early Rise, Raleigh, NC, 27610 Listing by Andrew Santucci
Unit for rent at 3000 Spline Circle, Raleigh, NC, 27610

$1,850 /mo

  • 3 Beds
  • 2 Baths
3000 Spline Circle, Raleigh, NC, 27610 Listing by Mylinda Hinton
Unit for rent at 3002 Spline Circle, Raleigh, NC, 27610

$1,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,504 ft²
3002 Spline Circle, Raleigh, NC, 27610 Listing by Mylinda Hinton

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: Chip Barker, Core Realty Advisors
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2375883
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Frequently Asked Questions

When was property at 115 Grassy Rio Lane built and last sold?
The property at 115 Grassy Rio Lane was built in 2007 and last sold on Apr 30, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 115 Grassy Rio Lane is $229,985.
What are some comparable homes to 115 Grassy Rio Lane?
There are currently no comparable homes to 115 Grassy Rio Lane.
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