1204 Willow Drive
About This Property
The landscaping that has been sculpted over the decades greets you as you walk up and then brings a smile to your face as you enter the backyard (the fig tree!). Once inside, you will have arrived home. There are five bedrooms but feel free to use a couple for offices. Living room or family room? This home has both. You choose which goes where!
Now on to the impossible-to-beat location. Search far and wide throughout the Triangle-you will find no neighborhood like Ridgefield. From the full growth trees with sidewalks lining the streets to the large lots void of cookie-cutter homes, you need to visit to understand! Just around the corner from 1204 Willow, the Ridgewood Pool is a neighborhood summer favorite. The Blue Hill District is a half mile from the house, including grocery stores, a movie theatre, shopping, dining, and the nearly complete University Place renovation (which will feature a Chick-Fil-A and a Jeni's Ice Cream). Of course, UNC and Franklin Street sit just a mere 2.5 miles away.
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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 19, 2024 | Sold | ||
| Sold | |||
| Jul 18, 2024 | Listed by Compass -- Chapel Hill - Durham | $635,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
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***Mulitple Offers. Offer Deadline Sunday 8pm*** Do you know that feeling when you walk into a home and instantly get the sense that it has been well cared for, maintained, and loved? That what you see when you walk in is how the sellers lived? This is one of those homes. Welcome to 1204 Willow.
The landscaping that has been sculpted over the decades greets you as you walk up and then brings a smile to your face as you enter the backyard (the fig tree!). Once inside, you will have arrived home. There are five bedrooms but feel free to use a couple for offices. Living room or family room? This home has both. You choose which goes where!
Now on to the impossible-to-beat location. Search far and wide throughout the Triangle—you will find no neighborhood like Ridgefield. From the full growth trees with sidewalks lining the streets to the large lots void of cookie-cutter homes, you need to visit to understand! Just around the corner from 1204 Willow, the Ridgewood Pool is a neighborhood summer favorite. The Blue Hill District is a half mile from the house, including grocery stores, a movie theatre, shopping, dining, and the nearly complete University Place renovation (which will feature a Chick-Fil-A and a Jeni's Ice Cream). Of course, UNC and Franklin Street sit just a mere 2.5 miles away.
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| Jul 1, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017