1501 Draper View Loop #105
About This Property
The manager has listed the unit size as 1694 square feet.
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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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | Listed | $719,000 | |
| Listed | |||
| | |||
|
Walkability, luxury, upgrades, garage space, city skyline view, all of these exist in one home at Carson Condos downtown Raleigh. It is a lifestyle that most people dream of, walking to all of the hot spots while coming home to pristine spacious living. Whether you work from home in the 3rd bedroom turned into a fabulous office, or get the pleasure of returning from work to this Five Points home, it is an experience of low maintenance and all the fun. This home includes a 2 car garage, mudroom, and office or 3rd bedroom and full bath on the lower level. Walk upstairs to a dreamy white kitchen featuring quartz, gas cooking and an oversized pantry. Dine under the serena and lily light fixture while taking in the views of the large sycamore tree on the front porch or downtown Raleigh view from the back of the home. Entertain with a breeze in the oversized family room with gas fireplace, custom built in cabinets, grass cloth wallpaper, a private balcony on the front. Retreat upstairs with an owner's suite and guest suite, each with their own spacious bathroom and a nice size laundry room between them. Hardwood floors throughout the entire home, automated roller shades and plantation shutters. There is so much to love inside, and add on the walkability to Raleigh Iron Works including Ponysaurus and Brodeta, over to Hummingbird, Lynwood Brewing Concern, Wilson's Eatery and in your backyard Bright Spot Donuts, Neuse River Brewing Company, Ajja and more. Keep your car in the garage and welcome yourself to downtown Raleigh living at its best. Welcome home.
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| May 11, 2024 | No longer available | - | |
| No longer available | |||
| May 5, 2024 | Price Decreased |
$745,830
↓ $24K
(3.1%) | |
| Price Decreased | |||
| Apr 23, 2024 | Price Decreased |
$769,900
↓ $8K
(1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/02/2026
|
3 Bed
|
3 Bath
|
1688 ft²
|
$710,000
3 Bed
3 Bath
1688 ft²
|
$655,000
-7.75%
09/18/2026
|
Susan Dahlin Bashford
Hodge & Kittrell Sotheby's Int
| |
|
04/04/2024
|
3 Bed
|
3.5 Bath
|
1694 ft²
|
$778,000
3 Bed
3.5 Bath
1694 ft²
|
-
-
|
Linda Craft
Linda Craft & Team, REALTORS
| |
|
03/23/2023
|
3 Bed
|
3 Bath
|
1721 ft²
|
$710,000
3 Bed
3 Bath
1721 ft²
|
$705,000
-0.70%
06/01/2023
|
Kimberlie Meeker
Carpenter Real Estate Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017