$1,350,000
●
House -
Off Market
3044 Farrior Road
Raleigh, NC 27607
5 Beds
3 Baths,
1
Half Bath
4,285 Ft²
$1,440,642
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model
About This Property
Stately home on a friendly neighborhood street. Mature trees and
lush yard provide privacy and tranquility. This home offers five
bedrooms with a gracious owners retreat on the first floor. The
chef-grade kitchen with granite counter tops features GE Monogram
s/s appliances including two ovens, a convection microwave and
beverage fridge. Back stairs lead directly from the rear-entry,
two-car garage to a large bonus room. Walk up attic. Close to
Banbury Park. Lacy, Martin, Broughton district. New roof 2021
Unit Size
4,285 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$326
Property Type
House
Property Taxes
$845
HOA Dues
-
Year Built
2006
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #2425790)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 2, 2022 | Sold | ||
| Sold | |||
| Jan 6, 2022 | Listed by Hodge & Kittrell Sotheby's Int | $1,399,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Jun 29, 2019 | No longer available | - | |
| No longer available | |||
| Apr 23, 2019 | Listed | $1,250,000 | |
| Listed | |||
| | |||
|
Tons of natural light! Charming home walking distance to Banbury Park & Schools. Custom landscaping and beautiful new Marabou Wood Floors. Lg FR with FP and surround bookshelves. Gourmet Kt with large island, upgraded appliances (GE monogram). Large eat in breakfast area to gather. Wonderful Master extends into retreat with fireplace and tv mount. Master bath is a delight with jetted tub & dual shower heads and huge closet. 3 marvelous bedrooms upstairs and large bonus. Well lit, mature backyard. The manager has listed the unit size as 4246 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About North Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Melanie Jones, Hodge & Kittrell Sotheby's Int
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2425790
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2425790
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