$405,000
●
House -
Off Market
3205 Terrel Mill Road
Raleigh, NC 27616
3 Beds
2 Baths,
1
Half Bath
1,696 Ft²
$2,334
Est. Monthly
About This Property
Beautifully Maintained NE Raleigh Home!
Immaculately cared for 3-bedroom, 2.5-bath home with a garage, ideally located in Northeast Raleigh - just minutes from I-540, Triangle Town Center, and only 20 minutes from downtown!
Enjoy gorgeous engineered hardwood floors throughout the main level, and LVP on the upstairs level. The kitchen features a spacious island and stainless steel appliances, perfect for cooking and entertaining.
Relax outdoors on the inviting covered rocking-chair front porch or the large back deck overlooking a fully fenced backyard. Inside, you'll find generously sized bedrooms, a convenient utility room, an eat-in kitchen, and a separate dining room for more formal gatherings.
Wired for Google Fiber this home is Truly move-in ready - this home checks all the boxes!
Immaculately cared for 3-bedroom, 2.5-bath home with a garage, ideally located in Northeast Raleigh - just minutes from I-540, Triangle Town Center, and only 20 minutes from downtown!
Enjoy gorgeous engineered hardwood floors throughout the main level, and LVP on the upstairs level. The kitchen features a spacious island and stainless steel appliances, perfect for cooking and entertaining.
Relax outdoors on the inviting covered rocking-chair front porch or the large back deck overlooking a fully fenced backyard. Inside, you'll find generously sized bedrooms, a convenient utility room, an eat-in kitchen, and a separate dining room for more formal gatherings.
Wired for Google Fiber this home is Truly move-in ready - this home checks all the boxes!
Unit Size
1,696 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$245
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1998
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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: 11 months ago (TMLS #10130782)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Nov 17, 2025 | In contract | - | |
| In contract | |||
| Oct 31, 2025 | Listed by Better Homes & Gardens Real Es | $415,000 | |
| Listed by Better Homes & Gardens Real Es | |||
| Apr 12, 2019 | Sold | ||
| Sold | |||
| Feb 13, 2019 | Listed by Better Homes & Gardens Real Es | $230,000 | |
| Listed by Better Homes & Gardens Real Es | |||
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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
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 Northeast Raleigh
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Listed by: Sherry Stoppel, Better Homes & Gardens Real Es
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10130782
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10130782
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