$2,900,000
●
House -
Off Market
1617 Ridge Road
Raleigh, NC 27607
5 Beds
4 Baths,
2
Half Baths
5,331 Ft²
$15,605
Est. Monthly
0.40%
Cap Rate
About This Property
Welcome to 1617 Ridge Road, a showpiece built in 2018 and featured
in that year's Parade of Homes. Situated on a generous lot, this
meticulously maintained residence spans 5,331 sq ft. The design
showcases an English Cottage aesthetic paired with modern luxury
finishes.
Inside, you'll find 4 full baths and 2 half baths, thoughtfully laid out to serve both family and guests. The home's floorplan delivers a first-floor master retreat with direct access to outdoor living, a bright great room anchored by a fireplace, a chef's kitchen boasting Wolf and SubZero appliances, and an expansive game/bonus room upstairs. Elegant touches throughout include custom cabinetry, detailed trim work, and upscale finishes. This home offers timeless quality and comfort.
Step outside to a private backyard oasis with a pool and grilling patio, perfect for entertaining or relaxing.
Built by award-winning builder Steven Kjellberg of KJ Construction, this Parade of Homes entry blends classic charm with modern amenities. No HOA, inside the beltline - the perfect canvas for refined living and entertaining.
Inside, you'll find 4 full baths and 2 half baths, thoughtfully laid out to serve both family and guests. The home's floorplan delivers a first-floor master retreat with direct access to outdoor living, a bright great room anchored by a fireplace, a chef's kitchen boasting Wolf and SubZero appliances, and an expansive game/bonus room upstairs. Elegant touches throughout include custom cabinetry, detailed trim work, and upscale finishes. This home offers timeless quality and comfort.
Step outside to a private backyard oasis with a pool and grilling patio, perfect for entertaining or relaxing.
Built by award-winning builder Steven Kjellberg of KJ Construction, this Parade of Homes entry blends classic charm with modern amenities. No HOA, inside the beltline - the perfect canvas for refined living and entertaining.
Unit Size
5,331 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$535
Property Type
House
Property Taxes
$1,611
HOA Dues
-
Year Built
2018
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
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: 11 months ago (TMLS #10125550)
Price History
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About North Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jamie Davis, Haven and Hinge LLC
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10125550
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10125550
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017