1500 River Mill Drive #113
About This Property
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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%.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2026 | Listed by Real Broker, LLC - Carolina Collective Realty | $335,000 | |
| Listed by Real Broker, LLC - Carolina Collective Realty | |||
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | Listed by Coldwell Banker HPW | $325,000 | |
| Listed by Coldwell Banker HPW | |||
| | |||
|
LIVE, WALK & RELAX BESIDE THE NEUSE RIVER!! Rare opportunity to experience the beautiful and historic 1854 RIVER MILL lifestyle!! Bright open floor plan, massive granite walls, original maple hardwood floors! Enjoy your morning coffee in the amazing courtyard with stone walls and gardens right outside your back door! Welcoming Foyer with hardwood floor. Sunny Living room with stone wall, hardwoods, huge window and recessed lighting opens to updated Kitchen with hardwoods, quartz countertops, shaker cabinets, soft close drawers, sleek stainless steel appliances, pantry, above cabinet lighting and bead board ceiling. Antique glass sliding door to Powder room with hardwoods and pedestal sink. Laundry room with hardwoods, stackable wash/dryer convey. Cool spiral staircase to second floor includes large Primary Bedroom with soaring ceiling, hardwoods, stone wall, ceiling fan, storage loft, closet with custom built-ins and private bath with maple floors and tub/shower. 2nd bedroom with stone wall, hardwoods and ceiling fan has access to full bath with shower. Picturesque setting with community garden, walking trails, gazebo, fishing, kayaking! Walk to Falls Lake and only minutes to shopping, dining and more!! Lower taxes due to historic landmark designation! Furniture is negotiable.
| |||
| Dec 22, 2020 | Sold | ||
| Sold | |||
| Oct 13, 2020 | Listed by HomeTowne Realty | $225,000 | |
| Listed by HomeTowne Realty | |||
| | |||
|
Low taxes! Nothing else like this historic mill condo on banks of Neuse! Listen to rapids, or enjoy them from common area. 1854 mill building has 30 units including #113. 2 story 2 bedroom unit has private patio (to be enclosed by HOA). Or stroll to gazebo & seating area to enjoy waterfront views. Just steps to dam & greenway. Inside upstairs: 2 beds, 2 full baths, tall ceilings, exposed stone, hardwds. Spiral staircase down to living, dining, huge updated kitchen, laundry, 1/2 bath- light filled views!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
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
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017