16 Averasboro Drive
About This Property
Welcome to this beautifully maintained 4-bedroom, 2.5-bath residence just 17 miles from downtown Raleigh. Set on a desirable corner lot, the home offers a bright, open layout, a 2-car garage, and a private fenced backyard featuring a cozy fire pit and a versatile storage shed-perfect for relaxing, entertaining, or tackling weekend projects.
Inside, you'll find hard-surface flooring throughout-no carpet anywhere! Thoughtful touches include built-in cabinets and shelving in the primary suite and laundry room, providing stylish organization and extra storage.
The neighborhood offers excellent amenities, including a community pool, playground, and tennis courts, along with easy access to shopping, top schools, and major highways (HWY 70).
This move-in-ready home combines comfort, convenience, and location-schedule your showing today!
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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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 13, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by EXP Realty LLC | $359,000 | |
| Listed by EXP Realty LLC | |||
| Aug 18, 2025 | Price Decreased |
$383,000
↓ $7K
(1.8%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed | $390,000 | |
| Listed | |||
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Welcome to this freshly painted 4-bedroom, 2.5-bath corner lot home. Located only 17 miles from downtown Raleigh! Which features NO carpet throughout! Enjoy a spacious layout, 2-car garage, and a private fenced backyard with a firepit—plus a storage shed that conveys. The laundry room and primary bedroom feature built-in cabinets, shelves for added convenience and organization.
All furniture is for staging purposes only and does not convey.
Refrigerator and stove do convey.
Located in a quiet neighborhood with easy access to shopping, schools, and highways (HWY 70), this move-in-ready home is ready for you to make it yours!
community features a swimming pool, Playground and tennis court.
Get a $500 appraisal credit when using our preferred lender.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017