1544 Silver Elm Lane
About This Property
The amazing kitchen features a large island, a slide-in gas range, and an enormous pantry, perfect for entertaining. The living room is light and bright, complete with built-in bookshelves that add character and style.
Upstairs, discover your spacious primary suite with double closets and an expansive bathroom. The upstairs is completed with a huge bonus room and two additional bedrooms. Step outside to enjoy a fenced-in yard, patio, and gazebo, perfect for relaxing or fun playtime!
The best part? Living in Wendell Falls is truly resort living. Enjoy onsite restaurants, trails, parks, pools, gym,and every amenity you can dream of-all just footsteps or a quick golf cart ride away. Plus, it's just 3 minutes to the highway, 18 minutes to downtown Raleigh, and 8 minutes to charming downtown Wendell. Come and see why this is the fastest-growing area of the Triangle and most sought after community. Your new home awaits!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 2, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Price Decreased |
$465,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Sep 18, 2025 | Price Decreased |
$474,900
↓ $100
(0%) | |
| Price Decreased | |||
| Aug 28, 2025 | Price Decreased |
$475,000
↓ $15K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017