$695,000
●
House -
Off Market
3116 Umstead View Drive
Raleigh, NC 27607
5 Beds
3 Baths,
1
Half Bath
4,410 Ft²
$980,053
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Location, location, location plus solar panels! Like new
luxury build with 4400 square feet and no electric bill. Near
Rex, 40, 440, Wade Avenue, RDU, DT Cary & Raleigh, and
walk/bike/run to Umstead! 1st floor master suite along with
home office & playroom possibilities! Mudroom, hardwoods,
built in eating nook & cabinetry, gourmet kitchen all downstairs!
Second level features four generous BRs, spacious bonus plus
tons of storage! Fenced lot is .46+ 3 car garage, patio,
screened porch and deck!
Unit Size
4,410 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$164
Property Type
House
Property Taxes
$544
HOA Dues
$304
Year Built
2014
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Cap Rate Calculator
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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 #2334345)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2020 | Sold | ||
| Sold | |||
| Jul 31, 2020 | Listed by Sizemore Realty Group, LLC | $725,000 | |
| Listed by Sizemore Realty Group, LLC | |||
| Apr 8, 2015 | Sold | ||
| Sold | |||
| Jan 26, 2015 | Listed by Allen Tate/Raleigh-Glenwood | $565,000 | |
| Listed by Allen Tate/Raleigh-Glenwood | |||
| | |||
|
Moving into this almost Brand New 5 bedroom home is as easy as a walk in the park…like 5,579 Acre Umstead Park right down the road. The home is an entertainers delight with a true chefs kitchen: gas range, dbl oven, huge counter space, a walk-in and butler's pantry. Main floor owners suite. 1st floor office and Living room. A huge bonus room, screen porch and yard for ball games. Did I mention Umstead Park down the road? Spray Foam Ins=Save $ on energy bills! Great location: Mins to Ral, RTP and SAS.
| |||
| Jan 8, 2015 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Northwest Raleigh
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Katy Sizemore, Sizemore Realty Group, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2334345
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2334345
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