$635,000
●
House -
Off Market
3129 Merrianne Drive
Raleigh, NC 27607
4 Beds
2 Baths,
1
Half Bath
2,103 Ft²
$3,572
Est. Monthly
About This Property
Beautiful remodeled home in a great locations convenient to
Crabtree Mall and downtown Raleigh! Updated kitchen with new
custom shaker cabinets, quartz countertops, tile backsplash and SS
appliances. Remodeled bathrooms with luxury custom vanities, tile
floors and showers. New waterproof laminate wood plank floors
throughout the entire house! New stainless hardware and brushed
nickel throughout. Freshly painted inside and out. Private backyard
with screened in porch, patio and storage shed. New Roof and
Windows in 2025. Don't miss the large storage space above the 2 car
garage. Walking distance to the up coming Blue Ridge Walkway.
Fully sealed crawlspace with dehumidifier recently added.
Unit Size
2,103 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$309
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1973
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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: 10 months ago (TMLS #10134024)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 22, 2026 | Sold | ||
| Sold | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Price Decreased |
$649,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Nov 20, 2025 | Listed by Grow Local Realty, LLC | $650,000 | |
| Listed by Grow Local Realty, LLC | |||
| Nov 6, 2025 | Price Decreased |
$674,900
↓ $9K
(1.3%) | |
| Price Decreased | |||
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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
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ft²
Price/ft²
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Listed On
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About Northwest Raleigh
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Listed by: Nicholas S Yarrington, Grow Local Realty, LLC
Last Updated: 10 months ago
Data Source: TMLS, MLS# 10134024
Last Updated: 10 months ago
Data Source: TMLS, MLS# 10134024
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