$385,000
●
House -
Off Market
1506 Baker Road
Raleigh, NC 27607
3 Beds
2 Baths
1,949 Ft²
$2,085
Est. Monthly
About This Property
LOCATION is EVERYTHING, and this one has it! Situated on a large,
wooded corner lot with mature trees and no HOA, this split-level
home is a rare find between Raleigh and Cary. Whether you are
looking for a primary residence to customize, a high-equity flip or
build a new home with an outside oasis, this ''As-Is'' property is
ready for a total transformation. The roof was replaced in 2024.
You are minutes from the action: Upscale dining and shopping at
Fenton, the Lenovo Center, Carter-Finley Stadium, WakeMed Soccer
Park and major hubs like SAS and NC State. Bring your vision and
your contractor--the bones are here, the location is unbeatable,
it's time to create your dream home. Enjoy optional access to the
Medfield Swim Club in the neighborhood. Learn more about membership
at MedfieldSwimClub.com. Opportunities in this corridor don't
last--grab your slice of Raleigh real estate today.
Unit Size
1,949 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$192
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1966
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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.
Last updated: 8 months ago (TMLS #10149985)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Listed by Coldwell Banker Advantage | $375,000 | |
| Listed by Coldwell Banker Advantage | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Medfield Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kathy Salz, Coldwell Banker Advantage
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10149985
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10149985
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