3018 Farrior Road
About This Property
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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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Jan 8, 2025 | Listed by Corcoran DeRonja Real Estate | $1,795,000 | |
| Listed by Corcoran DeRonja Real Estate | |||
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Welcome to 3018 Farrior Road, a custom home that masterfully combines comfort, livability, and luxury. Located Inside the Beltline in one of Raleigh's most desirable neighborhoods, this 2022 masterpiece was thoughtfully designed by Tony Frazier and skillfully crafted by Speight Built. Every detail has been carefully considered, making this home truly one of a kind. With 4 bedrooms, 4.5 baths, and a bonus room, this residence offers a seamless blend of sophistication and functionality. Elegant trim work, intricate moldings, dramatic lighting, and timeless details such as the distinctive ''new old'' stair posts set this home apart. The open living spaces are perfect for entertaining, centered around an incredible chef's kitchen outfitted with a SubZero refrigerator, Wolf 6-burner range, Asko dishwasher, and a stunning custom tile backsplash. The main floor features a serene owner's suite with a spa-like bath, including an oversized shower, standalone tub, and custom closets along with a second bedroom with an en suite bath, ideal for guests or use as a home office. Upstairs, you'll find two additional bedrooms, each with en suite baths, a spacious bonus room with a wet bar and beverage fridge and ample storage for all your needs. This home is truly turnkey, with plantation shutters, window treatments, and televisions already in place. Step outside to enjoy the covered back porch, which overlooks a beautifully landscaped, level backyard complete with a custom patio and a gorgeous fireplace perfect for year-round gatherings. Additional features like an irrigation system and landscape lighting add to the home's charm and convenience. The location is unbeatable: just steps from Banbury Park and within walking distance to Lacy Elementary and Martin Middle School. You're also an easy stroll from Whole Foods, Ridgewood Wine & Beer, and have quick access to the Raleigh Greenway. Don't miss this extraordinary opportunity.
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| Apr 28, 2022 | Sold | ||
| Sold | |||
| Oct 13, 2021 | Listed by Compass -- Raleigh | $1,485,000 | |
| Listed by Compass -- Raleigh | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017