1803 Castalia Drive
About This Property
Not only does this home offer exceptional features inside and out, it's also perfectly positioned in a PRIME location. Take advantage of the facilities, trails and programs at Cary's popular Bond Park, a stone's throw from 1803 Castalia Drive. Enjoy quick access to I-540 and US-1 for easy commuting. Also just 3 miles from the incredible new downtown Cary, you'll enjoy close proximity to shopping, dining, and entertainment. And positioned right by Preston Corners and Park West Village, you'll find Target, Fresh Market, Trader Joe's, Whole Foods (coming soon), restaurants, boutiques, movies, a YMCA and more.
The first level features gleaming hardwood floors and abundant natural light, from windows lining the back of the home. The inviting family room includes a remote-controlled gas fireplace with new ceramic logs, and is open to the bright and spacious kitchen, with tons of work space, new LED and under-cabinet lighting, granite countertops, a Bosch dishwasher, and dedicated pantry. The peninsula offers seating for four, while the breakfast nook overlooks the backyard--ideal for everyday living and entertaining.
Just off the family room, enjoy the screened-in porch with vaulted ceilings, recessed lighting, durable high-tension screening, and tile flooring. Steps lead down to a beautifully maintained, fully fenced backyard--perfect for relaxing or hosting guests.
Upstairs, you'll find 4 bedrooms, the laundry room, and bonus room, accessible by both front and rear staircases.
The spacious primary suite features a sitting area with built-in book shelves, perfect for a reading spot, exercise area, or converting to a second walk-in closet. The hall bath is spacious, with a double vanity and separate shower/toilet area. The laundry room is well-equipped with tile flooring, a window, utility sink, and space for a side-by-side washer and dryer. The bonus room includes a built-in bookcase and rear staircase access to the kitchen.
This home has been well cared for, with numerous upgrades, including:
Upgraded crawl space with 10 mm thick vapor barrier (2024, professionally serviced twice yearly)
Updated double-pane windows (2016)
2-zone programmable sprinkler system (2024)
Walk-up third-floor attic with attic fan (2021)
Upgraded carpet with 8 lb padding (2020)
Gas water heater (2019)
Govee permanent outdoor lighting (2025)
Front door and frame (2020)
HVAC serviced twice annually
* See Upgrades Document in MLS for full list
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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%.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017