2304 Gresham Lake Road
About This Property
Step up to the inviting covered front porch, and inside, you'll be welcomed by an elegant, open floor plan with soaring ceilings and rich, dark cherry bamboo flooring. The heart of the home, the massive gourmet kitchen, features floor-to-ceiling cherry cabinets, gleaming granite countertops, and an expansive 10-seat island, perfect for both casual meals and entertaining. Top-of-the-line GE Monogram appliances include a five-burner gas cooktop, dual convection ovens, dishwasher, and microwave, making this kitchen a chef's dream.
Modern technology and comfort are seamlessly integrated throughout, with 3 facial recognition cameras for enhanced security, a fully encapsulated crawlspace, a triple filter water system, and two instant gas water heaters for efficiency. The heated well house ensures year-round reliability, while the luxurious clawfoot soaking tub offers the perfect place to unwind. Enjoy outdoor living at its finest with a screened-in porch, a brand-new Trex deck, and plenty of space for relaxation or gatherings.
With county taxes, no HOA fees, and no restrictive covenants, this property offers the ideal blend of luxury and freedom. Whether you're seeking privacy, elegance, or the joys of an abundant orchard, this home has it all.
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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%.
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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 |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Dec 22, 2024 | In contract | - | |
| In contract | |||
| Nov 4, 2024 | Listed by Raleigh Custom Realty, LLC | $1,090,000 | |
| Listed by Raleigh Custom Realty, LLC | |||
| Aug 24, 2023 | No longer available | - | |
| No longer available | |||
| Apr 5, 2023 | Listed by Coldwell Banker Howard Perry and Walston | $1,100,000 | |
| Listed by Coldwell Banker Howard Perry and Walston | |||
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This captivating home sits on a beautifully landscaped, 1 acre lot with the entire estate, fully enclosed with a metal fence with two access gates, and a gate entry notification plays in the house. The completely irrigated, well-established yard has a deep, green color and a complete orchard with apples, pears, plums, cherries, almonds, figs, and three varieties of grapes, blueberries, and chestnuts. The large covered front porch opens to an elegant open floor plan with soaring ceilings and dark, cherry bamboo flooring. The massive kitchen features to the ceiling, cherry cabinets, Granite countertops, and 10 seat island with GE monogram, five burner gas cooktop. It is also equipped with GE monogram, dual convection ovens, dishwasher and microwave. Other features include: 3 facial recognition cameras, fully encapsulated, crawlspace, triple filter, water system, 2 instant gas water heaters, heated well house, clawfoot soaking tub, screened in porch, new Trex deck. County taxes, NO HOA, NO Restrictive Covenants. The manager has listed the unit size as 3332 square feet.
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About North Raleigh
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017