$319,000
●
House -
Off Market
1536 Ricochet Drive
Raleigh, NC 27610
4 Beds
2 Baths,
1
Half Bath
1,550 Ft²
$1,878
Est. Monthly
$22
HOA / Fees
7.05%
Cap Rate
About This Property
Beautifully Updated 4-Bedroom Home in Prime Raleigh Location!
Tucked away at the end of a quiet dead-end street, this stunning
4-bedroom, 2.5-bath home offers the perfect blend of peace and
convenience. Inside, enjoy brand-new LVP flooring, fresh carpet,
sleek quartz countertops, and stainless steel appliances that shine
in the modern kitchen. The spacious primary suite features dual
sinks and a generous walk-in closet for ultimate comfort. Step
outside and you're just 6 minutes from the Coastal Credit Union
Music Park and less than 15 minutes from vibrant Downtown Raleigh!
With easy access to top entertainment, restaurants, and shopping,
this home truly has it all. Complete with a one-car garage
and thoughtful updates throughout, this is your chance to own an
amazing, move-in-ready home in one of Raleigh's most desirable
locations. Don't miss it!
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$212
Property Type
House
Property Taxes
$240
HOA Dues
$22
Year Built
2016
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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.
Last updated: 2 years ago (TMLS #10084027)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| May 2, 2025 | In contract | - | |
| In contract | |||
| Apr 5, 2025 | Price Decreased |
$329,000
↓ $10K
(3%) | |
| Price Decreased | |||
| Mar 24, 2025 | Price Decreased |
$339,000
↓ $900
(0.3%) | |
| Price Decreased | |||
| Mar 21, 2025 | Listed by Grow Local Realty, LLC | $339,900 | |
| Listed by Grow Local Realty, LLC | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
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About Southeast Raleigh
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Listed by: Brian S Hargrove, Grow Local Realty, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10084027
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10084027
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