52
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1201 Glendale Drive
About This Property
At the heart of the home, the chef's kitchen is designed for both entertaining and daily life, offering a large center island, top-tier appliances, abundant cabinetry, a spacious walk-in pantry, and breakfast area. The private primary suite occupies its own wing and serves as a true retreat, complete with a spa-inspired bath featuring dual vanities, a soaking tub, oversized walk-in shower, and generous walk-in closet. A well-appointed mudroom and laundry room with extensive custom cabinetry add convenience and functionality.
Upstairs, three additional bedrooms offer en-suite baths and walk-in closets, while a spacious rec room with a wet bar and wine refrigerator provides the perfect gathering space. An additional flex room offers versatility for a home office, fitness studio, or hobby space.
Designed for year-round enjoyment, the outdoor living area includes a screened porch with Phantom Screens, Infratech heaters, a gas fireplace, and a built-in grilling station. Additional highlights include a pre-wired Control4 smart home sound system throughout, delivering modern convenience in one of Raleigh's most desirable locations.
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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 |
|---|---|---|---|
| Aug 6, 2026 | Price Decreased |
$2,349,000
↓ $21K
(0.9%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$2,370,000
↓ $5K
(0.2%) | |
| Price Decreased | |||
| May 29, 2026 | Listed by Raleigh Custom Realty, LLC | $2,375,000 | |
| Listed by Raleigh Custom Realty, LLC | |||
| Dec 15, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017