$565,000
●
Condo -
Off Market
1611 Draper View Loop #103
Raleigh, NC 27608
2 Beds
4 Baths,
1
Half Bath
1,737 Ft²
$653,008
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Recently completed new construction with an incredible Five Points
location. The neighborhood is fantastic and has something for
everyone. Breweries, restaurants, & parks all within walking. The
Carson was designed with efficiency & functionality in mind.
Wrapped in white painted brick and black casement windows, homes
offer open floor plans with attractive finishes. There is a flex
room on the ground floor w/ full bath that would be a great home
office or guest bedroom. This one is our most affordable!
Unit Size
1,737 Ft²
Days on Market
-
Land Size
-
Price per sqft
$325
Property Type
Condo
Property Taxes
-
HOA Dues
$250
Year Built
-
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Cap Rate Calculator
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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 #2366418)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2024 | No longer available | - | |
| No longer available | |||
| Apr 4, 2024 | Listed by Linda Craft & Team, REALTORS | $749,900 | |
| Listed by Linda Craft & Team, REALTORS | |||
| | |||
|
Welcome to this 3-bdrm condo in the Five Points area that seamlessly combines the convenience of condo living w/the spaciousness of a townhouse. Step into an open floor plan adorned w/modern finishes, including SS appliances, a gas stove, & quartz countertops, perfect for the avid chef. The kit boasts a walk-in pantry & center island, ideal for culinary adventures & entertaining guests. Relax by the cozy gas log frpl or step out onto the balcony to enjoy a breath of fresh air. The main flr features a versatile bedroom/flex rm complete w/a king-size Murphy bed & full bath, offering flexibility for guests or a home office. Upstairs, discover a lrg mstr bdrm w/WIC &private bath, providing a serene retreat after a long day. An additional bdrm w/its own private bath ensures comfort &privacy for all occupants. Private neighborhood dog park. Conveniently located near parks, breweries & restaurants (1 minute walk to grab donuts & coffee at Bright Spot for your morning commute) this condo offers the perfect blend of urban living & tranquility. The manager has listed the unit size as 1684 square feet.
| |||
| Jul 6, 2021 | Sold | ||
| Sold | |||
| Feb 11, 2021 | Listed by Compass -- Raleigh | $565,000 | |
| Listed by Compass -- Raleigh | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Asphalt, Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front
Garage Spaces: 2
Interior Details
Bedrooms: 2
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Dining L, Eat-in Kitchen, Entrance Foyer, High Ceilings, Kitchen/Dining Room Combination, Living/Dining Room Combination, Pantry, Quartz Counters, Second Primary Bedroom, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater
Flooring Type: Carpet, Hardwood, Tile
Laundry Features: Laundry Room
Rooms: 5
Has Fireplace
Fireplace Features: Gas, Gas Log, Living Room
Fireplaces: 1
Exterior Details
Square Footage: 1737
Architectural Style: Transitional
Year Built: 2020
Above Grade Finished Area: 1737Square Feet
Builder Name: Build Raleigh
Building Area Total: 1737
Levels: Multi/Split
Building Area Units: Square Feet
Construction Materials: Brick, Fiber Cement
Patio and Porch Features: Porch
Foundation: Slab
Lot Features: Landscaped
Lot Size Units: Square Feet
Lot Size Dimensions: 0.0
Water Source: Public
Financial Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Road Maintenance, Storm Water Maintenance, Trash
HOA Fee: $250
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Electric, Heat Pump
Sewer : Public Sewer
Community & neighborhood Details
Region: Raleigh
Subdivision: Carson Condos
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
Similar Homes for Sale
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Listed by: Bryan Sinnett, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2366418
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2366418
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