12833 Edsel Drive
About This Property
Tucked along the wooded edge of Strickland Road Neighborhood Park, the property offers peaceful privacy with unbeatable convenience. Trader Joe's, Target, NoRa Cafe, Food Lion, and other North Raleigh staples are just minutes away. The Wynbrooke neighborhood also features wide sidewalks, established landscaping, and pet-friendly touches like dog waste stations.
Inside, you'll find a home full of natural light, thoughtful design, and custom finishes. Just off the foyer, there's a formal dining room with elegant wainscoting and a spacious office behind French doors. Toward the back, the kitchen and living areas open up beautifully. The oversized kitchen island, featuring a KitchenAid electric cooktop, anchors the space and is complemented by a wall oven, dishwasher, and a scullery connecting to the dining room for added prep and storage. The two-story family room is filled with sunshine from oversized windows and warmed by gas logs. Nearby, a handy charging and key-drop station helps keep daily routines organized, and the first-floor laundry includes motion-activated lighting plus space for an extra refrigerator.
Upstairs, the primary suite offers a retreat with a tray ceiling, double closets, soaking tub, separate shower, double vanity, and a toilet with built-in bidet. Just off the suite, a bright studio space with its own private balcony makes a perfect spot for creativity, focus, or relaxation. Three additional bedrooms complete the upper level: one has its own private en suite, and the other two share a Jack-and-Jill bath. The layout provides both privacy and flexibility to suit a range of needs.
Downstairs, a fully soundproofed flex space with exterior access is ready for your vision. Whether you need a music studio, podcast room, home theater, or a quiet office, this room delivers.
There's also a separate studio apartment with its own entrance, kitchen (including a Bosch dishwasher and electric cooktop), split system HVAC, and full bath. It's a versatile option for extended guests, multi-generational living, or rental income.
The home also includes Ecobee smart thermostats, a mix of hardwood, tile, carpet, and laminate flooring, a security system, and a rare three-bay garage with two-car and one-car bays. Out back, enjoy a sunny deck, fenced yard, and peaceful views into the trees.
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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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
| Apr 11, 2025 | Listed by Hodge & Kittrell Sotheby's Int | $1,100,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Mar 26, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017