121 Mason Oaks Drive
About This Property
This never-lived-in former model home offers stylish finishes, functional space, and a location that puts convenience at your doorstep. Situated in the amenity-rich Mason Oaks community, you're just minutes from local parks, downtown Wake Forest, and major commuter routes.
Inside, you'll find a light-filled, open-concept main level with a flexible front room-ideal for a home office, play area, or additional living space. The kitchen features a large island, granite countertops, upgraded white cabinetry with added storage, and a gas cooktop with a sleek range hood. An extended prep area and built-in wall oven/microwave combo make meal prep easy and enjoyable.
Upstairs, the primary suite offers a spacious retreat with room for a sitting area, a large walk-in closet, and an ensuite bath with dual vanities, a tiled shower, and a private water closet. The laundry room is conveniently located on the second floor and includes shelving-plus, the washer and dryer are brand new and included.
Community amenities include a pool, playground, and fire pit, all covered by the HOA. Outdoor lovers will appreciate being close to E. Carroll Joyner Park, with its scenic walking trails, fishing pond, and amphitheater. Shopping, dining, and historic downtown Wake Forest are less than 10 minutes away, and with quick access to US-1 and I-540, downtown Raleigh is within easy reach.
Why wait for new construction? This thoughtfully finished former model is ready when you are-schedule your tour today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 23, 2025 | In contract | - | |
| In contract | |||
| May 31, 2025 | Price Decreased |
$429,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| May 17, 2025 | Price Decreased |
$434,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Apr 17, 2025 | Price Decreased |
$439,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017