1610 Draper View Loop #101
About This Property
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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%.
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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 |
|---|---|---|---|
| Jul 16, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | Listed by Compass -- Raleigh | $785,000 | |
| Listed by Compass -- Raleigh | |||
| |||
|
Experience modern urban living in the heart of Raleigh coveted Five Points in this stunning, end-unit condo just minutes from downtown Raleigh. Designed with style and functionality in mind this three-story residence features rooms that are flooded with light, soaring ceilings, an open-concept main level perfect for entertaining. The chef's kitchen showcases quartz countertops, a spacious island, stainless appliances, a pantry, abundant cabinetry. Upstairs two private bedroom suites provide comfort and privacy while a first-floor flex room provides a perfect home office guest retreat. Additional highlights include plantation shutters, a rocking chair front porch, a Juliette balcony, laundry room, a rare 2-car Garage with cabinetry and epoxy floors. This residence offers the convenience of a lock-and-leave living in a vibrant Five Points location. Walkable to Ajja, Bright Spot, Trophy, and more! Neighborhood Dog Park is steps away!
| |||
| Oct 2, 2020 | Sold | ||
| Sold | |||
| May 8, 2020 | Listed by Compass -- Raleigh | $610,605 | |
| Listed by Compass -- Raleigh | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/24/2026
|
3 Bed
|
3 Bath
|
1832 ft²
|
$785,000
3 Bed
3 Bath
1832 ft²
|
$765,000
-2.55%
07/16/2026
|
Carin Elizabeth Head
Compass -- Raleigh
| |
|
08/23/2024
|
3 Bed
|
4 Bath
|
1777 ft²
|
$785,000
3 Bed
4 Bath
1777 ft²
|
$777,000
-1.02%
10/04/2024
|
BRYAN MOORE
THE REAL ESTATE GUYS INC.
| |
|
05/04/2023
|
3 Bed
|
3.5 Bath
|
1758 ft²
|
$720,000
3 Bed
3.5 Bath
1758 ft²
|
-
-
|
Johnny Chappell
Compass - Raleigh
| |
|
03/31/2023
|
3 Bed
|
4 Bath
|
1758 ft²
|
$720,000
3 Bed
4 Bath
1758 ft²
|
$720,000
06/02/2023
|
Marti Hampton
EXP Realty
| |
|
11/14/2020
|
2 Bed
|
3 Bath
|
1818 ft²
|
$607,665
2 Bed
3 Bath
1818 ft²
|
$607,665
02/17/2021
|
John Saieed
Dewitt Carolinas Realty
| |
|
11/14/2020
|
2 Bed
|
4 Bath
|
1791 ft²
|
$598,000
2 Bed
4 Bath
1791 ft²
|
$598,000
09/03/2021
|
Bryan Sinnett
Compass -- Raleigh
| |
|
06/05/2020
|
2 Bed
|
3 Bath
|
1786 ft²
|
$612,000
2 Bed
3 Bath
1786 ft²
|
$629,371
+2.84%
10/29/2020
|
John Saieed
Dewitt Carolinas Realty
| |
|
05/08/2020
|
2 Bed
|
3 Bath
|
1786 ft²
|
$610,605
2 Bed
3 Bath
1786 ft²
|
$615,330
+0.77%
10/02/2020
|
Bryan Sinnett
Compass - Raleigh
| |
|
05/06/2020
|
2 Bed
|
3 Bath
|
1818 ft²
|
$603,540
2 Bed
3 Bath
1818 ft²
|
$604,240
+0.12%
06/08/2021
|
John Saieed
Dewitt Carolinas Realty
| |
|
05/06/2020
|
3 Bed
|
4 Bath
|
1791 ft²
|
$598,665
3 Bed
4 Bath
1791 ft²
|
$600,000
+0.22%
07/23/2021
|
Bryan Sinnett
Compass - Raleigh
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017