$750,000
●
Condo -
Off Market
1611 Draper View Loop #101
Raleigh, NC 27608
3 Beds
3 Baths,
1
Half Bath
1,656 Ft²
$747,954
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
What urban living should be! Less than 3 yrs old and lovingly
maintained, this end unit has an abundance of light, is open and
free flowing and better than new. Sparkling stainless appliances.
Wood, slate or tile flooring throughout, Plantation shutters,
remote control sun shade blinds, pull out & self closing kitchen
cabinets, security system w front & garage cameras, coded front
door lock, garage storage rack system. GE refrigerator, LG front
load elevated washer and dryer included (all less than 3 yrs. old)
.
Unit Size
1,656 Ft²
Days on Market
-
Land Size
-
Price per sqft
$453
Property Type
Condo
Property Taxes
$469
HOA Dues
$275
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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 #2517014)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2023 | Sold | ||
| Sold | |||
| Jun 17, 2023 | Listed by Long & Foster Real Estate INC/Raleigh | $750,000 | |
| Listed by Long & Foster Real Estate INC/Raleigh | |||
| Nov 10, 2020 | Sold | ||
| Sold | |||
| May 8, 2020 | Listed by Compass -- Raleigh | $582,030 | |
| Listed by Compass -- Raleigh | |||
| | |||
|
New Construction opportunity with an incredible Five Points location. The neighborhood is fantastic and has something for everyone. The Carson was designed with efficiency and functionality in mind. Wrapped in white painted brick and black casement windows, units will contain open floor plans with top of the line appliances and finishes. There is a flex room on the ground floor with full bath that would be a great home office or guest bedroom. The first buildings are nearing drywall and ready to tour!
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Asphalt, Driveway, Garage, Garage Door Opener, Garage Faces Rear
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, Walk-In Closet(s), Kitchen/Dining Room Combination, Living/Dining Room Combination
Appliances: Dishwasher, Dryer, Electric Range, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Washer
Flooring Type: Slate, Tile, Wood
Laundry Features: Electric Dryer Hookup, Laundry Room, Upper Level
Rooms: 6
Exterior Details
Has Property Attached
Square Footage: 1656
Architectural Style: Transitional
Year Built: 2020
Building Area Total: 1656
Levels: Three Or More
Building Area Units: Square Feet
Window Features: Blinds
Construction Materials: Brick, Fiber Cement
Patio and Porch Features: Patio, Porch
Lot Size Units: Square Feet
Financial Details
Tax Annual Amount: $5,626
Utilities Details
Cooling Type: Heat Pump, Zoned
Heating Type: Electric, Heat Pump, Zoned
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash, Road Maintenance, Storm Water Maintenance
HOA Fee: $275
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/04/2024
|
3 Bed
|
4 Bath
|
1792 ft²
|
$785,000
3 Bed
4 Bath
1792 ft²
|
$785,000
12/04/2024
|
Bryan Sinnett
Compass - Raleigh
| |
|
04/04/2024
|
3 Bed
|
3.5 Bath
|
1684 ft²
|
$749,900
3 Bed
3.5 Bath
1684 ft²
|
-
-
|
Linda Craft
Linda Craft & Team, REALTORS
| |
|
06/17/2023
|
3 Bed
|
3 Bath
|
1656 ft²
|
$750,000
3 Bed
3 Bath
1656 ft²
|
$750,000
07/25/2023
|
Beth Gonella
Midtown
| |
|
06/17/2023
| |
3 Bed
|
3.5 Bath
|
-
|
$750,000
3 Bed
3.5 Bath
|
-
-
|
Beth Gonella
Midtown
|
|
05/04/2022
|
2 Bed
|
3 Bath
|
1705 ft²
|
$685,000
2 Bed
3 Bath
1705 ft²
|
$660,000
-3.65%
06/03/2022
|
Charlotte Davenport
Compass - Raleigh
| |
|
02/11/2021
|
2 Bed
|
4 Bath
|
1737 ft²
|
$565,000
2 Bed
4 Bath
1737 ft²
|
$565,000
07/06/2021
|
Bryan Sinnett
Compass - Raleigh
| |
|
05/08/2020
|
2 Bed
|
4 Bath
|
1737 ft²
|
$565,425
2 Bed
4 Bath
1737 ft²
|
$566,425
+0.18%
05/04/2021
|
Bryan Sinnett
Compass - Raleigh
| |
|
05/08/2020
|
3 Bed
|
4 Bath
|
1711 ft²
|
$564,265
3 Bed
4 Bath
1711 ft²
|
$565,000
+0.13%
12/15/2020
|
Bryan Sinnett
Compass - Raleigh
| |
|
05/08/2020
|
3 Bed
|
4 Bath
|
1694 ft²
|
$582,030
3 Bed
4 Bath
1694 ft²
|
$585,998
+0.68%
11/10/2020
|
Bryan Sinnett
Compass - Raleigh
|
Building Info
About University
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Listed by: Beth Gonella, Long & Foster Real Estate INC/Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2517014
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2517014
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