$320,323*
●
Condo -
Off Market
1500 Rivermill Drive #112
Wake Forest, NC 27587
2 Beds
3 Baths,
1
Half Bath
900 Ft²
$202,000 - $246,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Unique condo located in historic River Mill on the Neuse River.
Freshly painted interior with tile and hardwood floors. 1st floor
and 2nd floor entrances make moving in much easier. Spiral
staircase adds cool architectural element. Private courtyard with
water feature great for entertaining. Steps from Neuse River
Trail. Contact Erica at or [email protected]
The manager has listed the unit size as 900 square feet.
The manager has listed the unit size as 900 square feet.
Unit Size
900 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$249
Property Type
Condo
Property Taxes
-
HOA Dues
$27
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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
Property Highlights
Fireplace
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/26/2026
|
2 Bed
|
2 Bath
|
901 ft²
|
$299,900
2 Bed
2 Bath
901 ft²
|
-
-
|
Angie Martin
Coldwell Banker HPW
| |
|
08/19/2025
|
2 Bed
|
2 Bath
|
913 ft²
|
$299,900
2 Bed
2 Bath
913 ft²
|
$289,000
-3.63%
10/17/2025
|
Frank DeRonja
DeRonja Real Estate
| |
|
06/18/2025
|
3 Bed
|
2 Bath
|
1210 ft²
|
$450,000
3 Bed
2 Bath
1210 ft²
|
$440,000
-2.22%
09/08/2025
|
Hugh Grist
Grist Realty Inc
| |
|
09/29/2024
|
1 Bed
|
1 Bath
|
694 ft²
|
$299,900
1 Bed
1 Bath
694 ft²
|
$287,450
-4.15%
12/20/2024
|
Kathy Beacham
Howard Perry & Walston Realtor
| |
|
06/04/2024
|
2 Bed
|
2.5 Bath
|
907 ft²
|
$325,000
2 Bed
2.5 Bath
907 ft²
|
-
-
|
Kathy Beacham
Howard Perry & Walston Realtor
| |
|
11/15/2023
|
2 Bed
|
2 Bath
|
876 ft²
|
$325,000
2 Bed
2 Bath
876 ft²
|
$325,000
12/08/2023
|
Lori Walls
Allen Tate/Raleigh-Falls Neuse
| |
|
11/02/2023
|
1 Bed
|
1 Bath
|
611 ft²
|
$289,000
1 Bed
1 Bath
611 ft²
|
$282,000
-2.42%
12/12/2023
|
James McDermott
Berkshire Hathaway HomeService
| |
|
09/14/2023
|
1 Bed
|
1 Bath
|
700 ft²
|
$299,900
1 Bed
1 Bath
700 ft²
|
$300,000
+0.03%
10/05/2023
|
Kathy Beacham
Howard Perry & Walston Realtor
| |
|
10/07/2022
|
1 Bed
|
1 Bath
|
659 ft²
|
$339,900
1 Bed
1 Bath
659 ft²
|
-
-
|
Matthew Peedin
Keller Williams Realty Cary
| |
|
06/03/2022
|
3 Bed
|
2 Bath
|
1323 ft²
|
$499,999
3 Bed
2 Bath
1323 ft²
|
-
-
|
Adam Grossman
AMG Realty LLC
| |
|
09/17/2021
|
1 Bed
|
1 Bath
|
648 ft²
|
$225,000
1 Bed
1 Bath
648 ft²
|
$251,500
+11.78%
10/29/2021
|
Kathy Beacham
Howard Perry & Walston Realtor
| |
|
01/18/2021
|
3 Bed
|
2 Bath
|
1205 ft²
|
$285,000
3 Bed
2 Bath
1205 ft²
|
$285,000
02/25/2021
|
Laura Howell
HomeTowne Realty
| |
|
10/13/2020
|
2 Bed
|
2 Bath
|
885 ft²
|
$225,000
2 Bed
2 Bath
885 ft²
|
$225,000
12/22/2020
|
Laura Howell
HomeTowne Realty
| |
|
05/21/2020
|
1 Bed
|
1 Bath
|
684 ft²
|
$190,000
1 Bed
1 Bath
684 ft²
|
$183,000
-3.68%
07/09/2020
|
Amanda Alves
Compass -- Raleigh
| |
|
02/06/2020
|
3 Bed
|
2 Bath
|
1215 ft²
|
$274,000
3 Bed
2 Bath
1215 ft²
|
$259,000
-5.47%
05/01/2020
|
Amy Brown
Berkshire Hathaway HomeService
| |
|
01/10/2020
|
2 Bed
|
3 Bath
|
900 ft²
|
$224,000
2 Bed
3 Bath
900 ft²
|
$217,000
-3.13%
04/20/2020
|
Erica McDowell
| |
|
06/28/2019
|
1 Bed
|
1 Bath
|
603 ft²
|
$175,000
1 Bed
1 Bath
603 ft²
|
$175,000
07/29/2019
|
Melissa Schambs
Berkshire Hathaway HomeService
| |
|
05/15/2019
|
3 Bed
|
2 Bath
|
1176 ft²
|
$225,000
3 Bed
2 Bath
1176 ft²
|
$215,000
-4.44%
07/29/2019
|
Susan Abshire
Coldwell Banker HPW
| |
|
01/22/2019
|
2 Bed
|
2 Bath
|
947 ft²
|
$220,000
2 Bed
2 Bath
947 ft²
|
$220,000
04/01/2019
|
Jennifer Lange
Howard Perry & Walston Realtor
| |
|
01/10/2019
|
1 Bed
|
1 Bath
|
685 ft²
|
$175,000
1 Bed
1 Bath
685 ft²
|
$175,000
05/31/2019
|
Jennifer Lange
Howard Perry & Walston Realtor
| |
|
08/23/2018
|
3 Bed
|
2 Bath
|
1215 ft²
|
$185,000
3 Bed
2 Bath
1215 ft²
|
$185,000
03/15/2019
|
Chip Edwards
Allen Tate/Raleigh-Glenwood
| |
|
07/30/2017
| |
2 Bed
|
1.5 Bath
|
943 ft²
|
-
2 Bed
1.5 Bath
943 ft²
|
-
-
|
-
|
|
07/19/2017
|
2 Bed
|
2 Bath
|
912 ft²
|
$215,000
2 Bed
2 Bath
912 ft²
|
$215,000
08/25/2017
|
Chip Edwards
Allen Tate/Raleigh-Glenwood
| |
|
07/17/2017
|
2 Bed
|
1 Bath
|
943 ft²
|
$170,000
2 Bed
1 Bath
943 ft²
|
$168,500
-0.88%
09/15/2017
|
Anita Oxford
Compass - Raleigh
| |
|
06/03/2015
|
1 Bed
|
1 Bath
|
675 ft²
|
$138,000
1 Bed
1 Bath
675 ft²
|
$131,500
-4.71%
08/11/2015
|
Chip Edwards
Allen Tate/Raleigh-Glenwood
|
Building Info
1500 River Mill Drive
1500 River Mill Drive, Wake Forest, NC 27587
- 2 Units for Sale
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017