$785,000
●
Condo -
Off Market
1611 Draper View Loop #106
Raleigh, NC 27608
3 Beds
4 Baths,
1
Half Bath
1,792 Ft²
$4,687
Est. Monthly
$295
HOA / Fees
1.63%
Cap Rate
About This Property
Elegant Five Points condominium with a premier end unit location
featuring views of the Raleigh skyline. Walk to some of your
favorite neighborhood restaurants and breweries. Neuse River
Brasserie, Nickelpoint, Ajja, Bright Spot Donuts, and the much
anticipated Trophy Brewing Outpost!
Under the current owner's care, this home has seen the addition of plantation shutters, designer lighting and plumbing fixtures, and more. There are only a select few residences that enjoy the Carson street frontage with premium end units and views of the Raleigh skyline. The abundance of casement windows offers incredible natural light. Enjoy 2 bedrooms on the 3rd floor, each with their own private full bathroom, as well as a half bath on the main level, and 1 bedroom and nearby full bath on the first floor. Kitchen overlooks the downtown skyline and has quartz countertops, gas range, stainless steel appliances, walk in pantry and large quartz island. Open living and dining area perfect for entertaining. Laundry room and linen closet conveniently placed on same level as the primary and secondary bedroom.
Under the current owner's care, this home has seen the addition of plantation shutters, designer lighting and plumbing fixtures, and more. There are only a select few residences that enjoy the Carson street frontage with premium end units and views of the Raleigh skyline. The abundance of casement windows offers incredible natural light. Enjoy 2 bedrooms on the 3rd floor, each with their own private full bathroom, as well as a half bath on the main level, and 1 bedroom and nearby full bath on the first floor. Kitchen overlooks the downtown skyline and has quartz countertops, gas range, stainless steel appliances, walk in pantry and large quartz island. Open living and dining area perfect for entertaining. Laundry room and linen closet conveniently placed on same level as the primary and secondary bedroom.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
-
Price per sqft
$438
Property Type
Condo
Property Taxes
$537
HOA Dues
$295
Year Built
-
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Cap Rate Calculator
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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 #10056686)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by Compass -- Raleigh | $785,000 | |
| Listed by Compass -- Raleigh | |||
Property Highlights
Garage
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener
Garage Spaces: 2
Interior Details
Bedrooms: 3
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Crown Molding, Dining L, High Ceilings, Kitchen/Dining Room Combination, Open Floorplan, Quartz Counters, Smart Thermostat, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
Appliances: Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer
Flooring Type: Carpet, Hardwood, Tile
Window Features: Insulated Windows, Plantation Shutters
Laundry Features: Laundry Room
Common walls with other units/homes: 1 Common Wall, End Unit
Rooms: 7
Exterior Details
Has Property Attached
Square Footage: 1792
Architectural Style: Transitional
Year Built: 2020
Above Grade Finished Area: 1792Square Feet
Building Area Total: 1792
Levels: Tri-Level
Building Area Units: Square Feet
Construction Materials: Board & Batten Siding, Brick, Fiber Cement
Patio and Porch Features: Front Porch
Roof: Shingle, Metal
Foundation: Slab
Pool Features: None
Water Source: Public
Financial Details
Tax Annual Amount: $6,450
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Trash
HOA/Condo/Coop Amenities: Dog Park
HOA Fee: $295
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Heat Pump
Heating Type: Central, Heat Pump
Utilities for Property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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
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Listed by: Bryan Sinnett, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10056686
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10056686
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