228 Ellisview Drive
About This Property
The kitchen features stainless steel appliances, granite countertops, and a large center island with seating. Gorgeous engineered hardwood floors run throughout the main living areas and plantation shutters add an elegant touch throughout the home. The primary bedroom features a tray ceiling and sliding doors that lead to a charming three-season porch with Anderson windows and flagstone flooring. The primary bathroom has tile floors and offers a double vanity, a zero-entry walk-in shower, and a spacious walk-in closet. The guest bathroom includes tile flooring and a tiled bath surround.
A large laundry room with tile flooring provides ample storage. This home also features a two-car garage.
Located close to community amenities including the pool, fitness room & clubhouse with lots of social activities. Just minutes from Parkside Commons, the Tobacco Trail, and major highways, this home combines comfort, convenience, and an active lifestyle in one of Cary's most popular active adult neighborhoods. Up to 20% of residents in this 55+ community may be under the age of 55, and that threshold has not yet been met.
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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 |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jun 8, 2025 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| May 29, 2025 | Listed by Keller Williams Legacy | $599,000 | |
| Listed by Keller Williams Legacy | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017