$575,000
●
House -
Off Market
2004 Beecham Circle
Raleigh, NC 27607
4 Beds
3 Baths,
1
Half Bath
3,043 Ft²
$3,521
Est. Monthly
3.51%
Cap Rate
About This Property
Amazing Meredith Woods Opportunity! Charming home has many updates
including: New roof 2024, HVAC 2014, Tankless Gas Water Heater
2017, pre-inspected, new carpet, fresh paint! Just a few minutes
walk to NC Museum of Art and the Museum Park, and Reedy Creek
walking trail. Create your own vision in this wonderful over 3,000
sq ft, 4 bedroom home with finished basement (in 2000), spacious
family room complete with fireplace, formal living and dining rooms
with bay windows, almost half an acre cul-de-sac lot. The location
is prime, just a couple of minutes' drive to Lake Boone Trail and
Blue Ridge Road. Quick access to I-440 and Wade Avenue, shopping,
UNC Rex Hospital, NC State University, downtown Raleigh, and RDU
Airport.
Unit Size
3,043 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$205
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1975
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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 #10079051)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2025 | Sold | ||
| Sold | |||
| Jul 11, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Price Decreased |
$625,000
↓ $25K
(3.8%) | |
| Price Decreased | |||
| Mar 14, 2025 | Price Decreased |
$649,900
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Feb 27, 2025 | Listed by Compass -- Raleigh | $675,000 | |
| Listed by Compass -- Raleigh | |||
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Property Highlights
Air Conditioning
Fireplace
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 Northwest Raleigh
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Listed by: Dana Ellington, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10079051
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10079051
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