220 Cole Valley Drive
About This Property
Located on a quiet loop street in the desirable Coles Creek neighborhood, this beautifully maintained executive home offers 4,329 square feet of elegant living space and a rare financial opportunity with an assumable VA loan at 2.5% for $560,000-available to any qualified buyer, not just veterans.
This spacious floorplan includes 5 oversized bedrooms, 3.5 bathrooms, a dedicated office, and a large bonus room. Each bedroom features a walk-in closet, providing exceptional storage throughout. Recent updates include new interior paint, hardwood floors added to the primary suite and two upstairs bedrooms, a newer roof (2021), and exterior paint (2021). Additional features include hardwood flooring throughout the main level and plantation shutters.
The open-concept layout is elegantly designed with architectural columns that define each living space, lending a grand, formal feel while preserving the open flow. The family room boasts a floor-to-ceiling stacked stone fireplace and a wall of windows that bathe the space in natural light. Formal living and dining rooms offer ideal spaces for entertaining.
The gourmet kitchen includes pecan cabinetry, granite countertops, tile backsplash, gas cooktop, double ovens, stainless steel appliances and sink, a Multi-Pure under-sink water purification system, pull-out drawers in lower cabinets, a walk-in pantry, and a center island with barstool seating. A sunny eat-in breakfast area opens to a serene screened porch overlooking the lush backyard.
Upstairs, a built-in desk with cabinetry on the landing offers a convenient workspace. The home also features two full laundry rooms (one on each level), both with ample cabinetry and a utility sink.
Step outside to a beautifully landscaped backyard with a retaining wall garden, mature dogwood trees, blooming azaleas, a level lawn, and a stone patio-perfect for outdoor gatherings or quiet relaxation. The yard is enhanced with outdoor lighting in the front and back, as well as a full irrigation system to keep the landscaping vibrant year-round.
Enjoy generous storage throughout, with oversized closets in every bedroom, extra garage storage, and a built-in workbench-ideal for hobbies and organization.
Conveniently located near RTP, RDU, top-rated schools, shopping, dining, parks, and Cary's extensive Greenway system.
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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 |
|---|---|---|---|
| Jul 16, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | Listed by St James Properties LLC | $1,049,500 | |
| Listed by St James Properties LLC | |||
| Aug 24, 2015 | Sold | ||
| Sold | |||
| Jan 15, 2015 | Listed by St James Properties LLC | $550,000 | |
| Listed by St James Properties LLC | |||
| Aug 29, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017