$1,561,000
●
House -
Off Market
2016 Falls Forest Drive
Raleigh, NC 27615
4 Beds
4 Baths,
1
Half Bath
4,306 Ft²
$8,808
Est. Monthly
$167
HOA / Fees
1.08%
Cap Rate
About This Property
Come home to luxury with this stunning custom-built home featuring
a three-car garage, nestled in a quiet cul-de-sac in North
Raleigh's exclusive Falls Preserve community. Just minutes from
premier shopping and local amenities, this home offers the perfect
blend of elegance, comfort, and convenience. The open floor plan
showcases rich hardwood floors and high-end finishes throughout.
The gourmet kitchen is a true showpiece, with marble countertops,
top-of-the-line stainless steel appliances, and sophisticated
designer lighting flowing seamlessly into a spacious living area
with wood beam accents and a striking fireplace. On the main level,
you'll find a luxurious owner's suite and a flexible guest room or
study to suit your needs. Upstairs, a vaulted game room with a wet
bar sets the stage for stylish entertaining. Outside, a covered
porch invites you to relax or host with ease, featuring a built-in
grill and outdoor fireplace. The fully fenced yard offers privacy
and room to enjoy the outdoors in peace.
Unit Size
4,306 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$372
Property Type
House
Property Taxes
$785
HOA Dues
$167
Year Built
2020
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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 #10095401)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Listed by Relevate Real Estate Inc. | $1,600,000 | |
| Listed by Relevate Real Estate Inc. | |||
| May 6, 2021 | Sold | ||
| Sold | |||
| Apr 20, 2021 | Listed by Relevate Real Estate Inc. | $1,399,900 | |
| Listed by Relevate Real Estate Inc. | |||
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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 Durant Rd
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Listed by: Bianca Sanchez Palmer, Relevate Real Estate Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10095401
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10095401
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