2009 Birdhouse Lane
About This Property
The kitchen is a true centerpiece, boasting a gas cooktop with stainless steel vent hood, cabinet-mounted oven and microwave, and an abundance of cabinetry paired with a large wood-shelved pantry for storage. The seamless flow from the kitchen into the great room allows for easy hosting, whether it's a casual weeknight dinner or a festive holiday celebration. A tankless water heater, located in the garage, adds efficiency and modern comfort.
Elegant oak stair treads lead upstairs to a versatile loft, perfect for a media room, playroom, or second living area. The second floor also includes three secondary bedrooms: two share a well-appointed hall bath, while the third enjoys its own private bath. A spacious laundry room with a utility sink and tile flooring enhances everyday functionality. The luxurious primary suite serves as a true retreat, complete with a trey ceiling, generous space for a sitting area, and a spa-like bath with dual vanities, walk-in closets, a tiled shower, and a stand-alone soaking tub.
This home backs to Greenway trails and open space, creating a beautiful and private outdoor setting. Estimated completion is November 2025. The Tryon III is part of the Summit collection at Austin Creek, a master-planned community in Wake Forest featuring resort-style amenities including a swimming pool, clubhouse, walking trails, and a dog park. Located within Wake County's highly regarded school district, Austin Creek offers easy access to shopping and dining. Wegmans and local retail options are just minutes away, while historic Downtown Wake Forest features charming galleries, boutiques, and restaurants. For outdoor recreation, nearby Falls Lake provides opportunities for boating, fishing, paddling, swimming, and camping.
The Tryon III at Austin Creek offers the perfect combination of modern convenience, natural beauty, and community-centered amenities.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Price Decreased |
$499,990
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jul 11, 2025 | Price Decreased |
$524,990
↓ $25K
(4.6%) | |
| Price Decreased | |||
| May 30, 2025 | Listed by Lennar Carolinas LLC | $549,990 | |
| Listed by Lennar Carolinas LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017