$660,000
●
Condo -
Off Market
1611 Draper View Loop #104
Raleigh, NC 27608
2 Beds
3 Baths,
1
Half Bath
1,705 Ft²
$692,940
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
2 bed + Flex Room + 2 Car Garage! This gem offers an incredible
opportunity to live in the most sought after neighborhood in the
heart of ITB. Built in 2021 w/tasteful aesthetics and functional
floorplan, boasting a spacious, open layout leading to the balcony
for a relaxing respite. Gorgeous kitchen w/quartz cntrs, bar area,
large pantry & 2nd juliet balcony. 1stFloor flexroom w/full bath
for office or convert into guestroom! WALK to Bright Spot,
breweries, restaurants, greenway trails, etc!
Unit Size
1,705 Ft²
Days on Market
-
Land Size
-
Price per sqft
$402
Property Type
Condo
Property Taxes
$432
HOA Dues
$250
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 #2446639)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by Compass -- Raleigh | $685,000 | |
| Listed by Compass -- Raleigh | |||
| May 4, 2021 | Sold | ||
| Sold | |||
| May 8, 2020 | Listed by Compass -- Raleigh | $565,425 | |
| Listed by Compass -- Raleigh | |||
| | |||
|
Completed 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.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Garage, Garage Door Opener, Garage Faces Rear
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bookcases, Ceiling Fan(s), Entrance Foyer, High Ceilings, High Speed Internet, Walk-In Closet(s), Bathtub/Shower Combination, Quartz Counters, Shower Only, Smooth Ceilings
Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater
Flooring Type: Carpet, Hardwood
Laundry Features: Electric Dryer Hookup, Laundry Room, Upper Level
Rooms: 6
Has Fireplace
Fireplace Features: Family Room, Gas Log
Fireplaces: 1
Exterior Details
Square Footage: 1705
Architectural Style: Traditional
Year Built: 2021
Building Area Total: 1705
Levels: Three Or More
Building Area Units: Square Feet
Construction Materials: Brick Veneer, Fiber Cement
Patio and Porch Features: Covered, Porch
Lot Features: Landscaped
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $5,186
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash
HOA Fee: $250
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Charlotte Davenport, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2446639
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2446639
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