$620,603
●
House -
Off Market
1603 Royal Red Trail
Apex, NC 27502
3 Beds
2 Baths,
1
Half Bath
2,257 Ft²
$612,712
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
This updated home offers the perfect blend of modern luxury &
convenience. The recently renovated kitchen features high-end
appliances- oversized Wolf Stove & Sub Zero fridge, stunning quartz
countertops including a 10 foot island, & a 6 ft. tall built-in
wine fridge. The bar area, w/ a prep sink, creates a fun atmosphere
for your evening cocktails. The open-concept layout showcases
site-finished hardwood floors downstairs, providing an elegant &
inviting atmosphere, fireplace & an office- perfect for remote work
or leisure. Step outside to your own private retreat,
complete w/ a spacious fenced yard, an expansive Trex deck, & a
brand-new paver patio. These outdoor spaces are perfect for hosting
gatherings, dining al fresco, or simply enjoying the serene
surroundings. Upstairs features new paint, a wonderful Master
retreat w/ a spa like bathroom, & an oversized Bonus Room. The
Bonus also features a built-in desk, perfect for a HW space! This
cul-de-sac home offers access to the greenway & close proximity to
vibrant downtown Apex- satisfying all of your social & food desires
& needs! Pool Community. See it Today!
Unit Size
2,257 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$272
Property Type
House
Property Taxes
$324
HOA Dues
$45
Year Built
2000
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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 #2533450)
Price History
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
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Baths
ft²
Price/ft²
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Listed On
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Sold On
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HOA + Taxes
About Dogwood Ridge
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Listed by: Benjamin Passwaters, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2533450
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2533450
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