312 Glendale Drive
About This Property
This beautifully crafted Modern Farmhouse showcases refined design and thoughtful details throughout, offering a timeless yet contemporary living experience. This incredible home has 5 spacious bedrooms and an expansive owners' suite on the main level. The 5th bedroom acts as a guest space/study. The spacious bonus room works well as a gym or media room. The chef's kitchen is equipped with professional-grade Thermador appliances, complemented by a bespoke coffee bar and integrated wine cooler, creating an ideal setting for both everyday living and elegant entertaining. Quartz countertops flow seamlessly through the kitchen and laundry room adding a sense of continuity and understated luxury.
Throughout the home, classic finishes such as Carrara marble and subway tile are paired with curated barn wood accents and custom barn doors, striking a perfect balance between warmth and sophistication.
The garage is equally well appointed with new epoxy flooring, extra-insulated doors and an oversized storage room, offering exceptional functionality without compromise.
Step outside to a stunning oasis, with private pool and deck, ideal for entertaining, backing onto the Battle Creek Trail, providing a tranquil natural backdrop rarely found so close to town. Just a short walk to UNC and Franklin Street, this residence offers a rare combination of privacy, craftsmanship, and walkable Chapel Hill living.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Price Decreased |
$2,200,000
↓ $195K
(8.1%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$2,395,000
↓ $100K
(4%) | |
| Price Decreased | |||
| Feb 26, 2026 | Price Decreased |
$2,495,000
↓ $255K
(9.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017