$566,425
●
Condo -
Off Market
1611 Draper View Loop #104
Raleigh, NC 27608
2 Beds
3 Baths,
1
Half Bath
1,737 Ft²
$672,539
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
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.
Unit Size
1,737 Ft²
Days on Market
-
Land Size
-
Price per sqft
$326
Property Type
Condo
Property Taxes
-
HOA Dues
$250
Year Built
-
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
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 #2318137)
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 | |||
| | |||
|
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!
| |||
| 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
Attached Garage
Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Walk-In Closet(s), Bathtub/Shower Combination, Dining L, Quartz Counters, Walk-In Shower
Appliances: Dishwasher, Gas Range, Gas Water Heater, 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
Has Property Attached
Square Footage: 1737
Architectural Style: Transitional
Year Built: 2020
Builder Name: Build Raleigh
Building Area Total: 1737
Levels: Three Or More
Building Area Units: Square Feet
Construction Materials: Brick, Fiber Cement
Patio and Porch Features: Porch
Lot Features: Landscaped
Lot Size Units: Square Feet
Lot Size Dimensions: 0.0
Water Source: Public
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Electric, Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash, Road Maintenance, Storm Water Maintenance
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
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Listed by: Bryan Sinnett, RE/MAX United
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2318137
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2318137
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