255 Meadowbark Bend #31
About This Property
As you enter, the spacious open-concept layout invites you in, seamlessly connecting the kitchen, eat-in area, and great room-perfect for relaxing or entertaining. The kitchen features stylish burlap cabinets and elegant white quartz countertops, making it the heart of your home and a gathering place for family and friends.
The first floor also includes a dedicated office space, ideal for enhancing productivity.
Upstairs, you'll find three generously sized secondary bedrooms, each focused-on comfort, along with a versatile flex room great for entertaining, and leads into a stunning balcony for outdoor relaxation. The impressive primary suite showcases a box ceiling and a luxurious oversized tile shower, elevating your daily routine.
This home offers a unique blend of elegance, practicality, and convenience. It's waiting to be your home!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Aug 15, 2025 | In contract | - | |
| In contract | |||
| Jul 26, 2025 | Price Decreased |
$465,000
↓ $6K
(1.3%) | |
| Price Decreased | |||
| Jun 28, 2025 | Price Decreased |
$471,200
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Jun 5, 2025 | Price Decreased |
$475,000
↓ $4K
(0.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/17/2025
|
3 Bed
|
2 Bath
|
2258 ft²
|
$478,289
3 Bed
2 Bath
2258 ft²
|
$465,000
-2.78%
10/10/2025
|
Cleresa Keller
Mungo Homes of North Carolina
|
Building Info
About Wake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017