1232 Westerham Drive
About This Property
Inside, a traditional floor plan unfolds from an elegant foyer framed by formal living and dining rooms. The main level features hardwood flooring, high ceilings, and multiple gathering spaces designed for both entertaining and everyday use. A gas-fireplace family room opens to an expansive deck overlooking the private wooded setting. The kitchen includes a gas cooktop, double ovens, stainless steel appliances, granite countertops, breakfast area, and wine cooler, with direct access to outdoor living areas.
The first-floor primary suite offers tray ceilings, dual walk-in closets, and a bath with soaking tub and separate shower. Upper-level bedrooms include generous closet space and share a spcious bath. A Juliet balcony, custom millwork, and abundant natural light add architectural detail throughout the home.
The finished walk-out basement expands the living space perfect for multi-generational living with a large recreation or secondary living area, kitchenette or bar setup, full bath, and direct access to a covered patio. This level provides flexibility for home theater, gym, guest accommodations, or multi-purpose use, along with multiple storage rooms.
Outdoor living spaces include a covered front porch, a deck, and a lower patio oriented west for evening light and sunset views. The 1.66-acre parcel offers room for a garden or future outdoor kitchen expansion. Additional features include a whole-home generator!
Located approximately 10 minutes from downtown Wake Forest shops and restaurants, 15 minutes from Falls Lake Recreation Area, 20 minutes to North Hills Raleigh, and 25 minutes to RDU International Airport. Nearby destinations include Stewart's Bistro (1.2 miles), Publix and Harris Teeter grocery stores (2.5 miles), and E. Carroll Joyner Park (2.7 miles) with walking and bike trails.
North Chartwell offers cul-de-sac streets, mature landscaping, and low annual HOA dues. A 3D tour and video walkthrough are available for virtual viewing. This residence combines generous living space, adaptable layout, and proximity to Wake Forest landmarks in a private, well-established setting.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Apr 2, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Price Decreased |
$860,000
↓ $40K
(4.4%) | |
| Price Decreased | |||
| Dec 10, 2025 | Price Decreased |
$899,900
↓ $25K
(2.7%) | |
| Price Decreased | |||
| Nov 8, 2025 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017