$1,199,000
●
House -
For Sale
2132 Lowery Estates Drive
Wake Forest, NC 27587
4 Beds
4 Baths,
1
Half Bath
3,551 Ft²
$6,038
Est. Monthly
$150
HOA / Fees
About This Property
Ready June 2027. Homes By Dickerson is building the Covington in
coveted Lowery Estates, situated on a .5-acre, pool-capable
homesite. Thoughtfully designed for comfortable living and
entertaining, the main level features a spacious primary suite,
guest bedroom with private bath, study, sunroom, laundry room, and
powder room. A dramatic two-story foyer welcomes you into a home
defined by custom finishes and architectural details throughout.
The kitchen showcases cabinetry extending to the ceiling,
complemented by a well-appointed scullery with beverage center and
additional cabinetry. Upstairs, two additional bedrooms, bathrooms,
and a spacious rec room provide flexibility for guests, recreation,
and everyday living. A three-car garage adds convenience, while
upgraded lighting, detailed trim work, vaulted ceilings, and
carefully selected finishes elevate the home throughout. Photos of
finished homes are of previously built HBD homes in Lowery Estates.
Unit Size
3,551 Ft²
Days on Market
5 days
Land Size
0.54 acres
Price per sqft
$338
Property Type
House
Property Taxes
-
HOA Dues
$150
Year Built
-
Listed By
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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: 5 days ago (TMLS #10199361)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2026 | Listed by Homes by Dickerson Real Estate | $1,199,000 | |
| Listed by Homes by Dickerson Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Garage, Garage Faces Front, Garage Faces Side
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Beamed Ceilings, Bookcases, Ceiling Fan(s), Crown Molding, Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Low Flow Plumbing Fixtures, Open Floorplan, Pantry, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s), Primary Downstairs, Quartz Counters, Smooth Ceilings, Walk-In Shower, Water Closet
Appliances: Bar Fridge, Dishwasher, Gas Range, Microwave, Range Hood, Tankless Water Heater, Wall Oven
Flooring Type: Carpet, Ceramic Tile, Simulated Wood
Laundry Features: Laundry Room, Main Level
Rooms: 7
Has Fireplace
Fireplace Features: Family Room
Fireplaces: 1
Exterior Details
Square Footage: 3551
Property Condition: New Construction, Under Construction
Architectural Style: Farmhouse, Traditional, Transitional
Year Built: 2027
Builder Name: Homes By Dickerson
Builder Model: Covington
Building Area Total: 3551
Levels: Two
Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Low-Emissivity Windows
Construction Materials: Fiber Cement, HardiPlank Type, Lap Siding, Low VOC Insulation, Radiant Barrier, Low VOC Paint/Sealant/Varnish
Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch, Screened
Lot Features: Gentle Sloping, Rectangular Lot, Wooded
Lot Size Area: 0.54
Lot Size Units: Acres
Lot Size Acres: 0.54
Lot Size Square Feet: 23522
Water Source: Community Water
Financial Details
Tax Map Number: 7
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Zoned
Heating Type: ENERGY STAR Qualified Equipment, Heat Pump, Natural Gas
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Trash, Storm Water Maintenance
HOA Fee: $150
HOA Fee Frequency: Monthly
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 Wake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Nick Thagard, Homes by Dickerson Real Estate
Last Updated: 5 days ago
Data Source: TMLS, MLS# 10199361
Last Updated: 5 days ago
Data Source: TMLS, MLS# 10199361
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