$665,000
●
House -
Off Market
1715 Center Road
Raleigh, NC 27608
3 Beds
2 Baths
1,369 Ft²
$3,855
Est. Monthly
2.62%
Cap Rate
About This Property
Discover a hidden gem nestled in Raleigh, offering easy access to
the trendiest spots in town. Completely renovated in 2018, this
home underwent a stunning transformation, boasting a vaulted
ceiling in the great room that enhances its spaciousness, perfect
for laid-back gatherings. The luxurious owner's suite features a
generous closet and a private ensuite bathroom. Two additional
bedrooms and another bathroom provide ample space for family or
guests. Outside, a covered area invites outdoor relaxation in a
low-maintenance yard. With its prime location near local eateries,
breweries, and parks, Center Road epitomizes effortless city
living. Enjoy nearby hotspots like Lynwood Brewery, East End
Bistro, and Bowstring Pizza, or unwind at Hummingbird and Neuse
River Brewery. Ajja, Bright Spot Donuts, Raleigh Iron Works, and
the Common Desk shared workspace at East End Market are just a
stone's throw away.
Unit Size
1,369 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$511
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1949
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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 #10025047)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| Apr 22, 2024 | Listed by Hodge & Kittrell Sotheby's Int | $699,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Apr 10, 2019 | Sold | ||
| Sold | |||
| Feb 4, 2019 | Listed by Hodge & Kittrell Sotheby's Int | $475,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| May 9, 2018 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
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 University
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Listed by: Melanie Jones, Hodge & Kittrell Sotheby's Int
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10025047
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10025047
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