$172,000
●
House -
Off Market
3211 Polite Lane
Raleigh, NC 27610
3 Beds
2 Baths,
1
Half Bath
1,655 Ft²
$267,901
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Well-maintained 3BR/ 2.5BA home includes open floor plan with
spacious kitchen, dining room and living room; bright and sunny
2-story entry, large master bedroom, master bath with garden
tub/shower, and dual vanity; patio and garage with new epoxy
flooring, fenced back yard. New laminate flooring and carpet.
Refrigerator, washer, and dryer included. Conveniently
located near I-440/40, Downtown Raleigh, Wake Med., etc.
Unit Size
1,655 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$102
Property Type
House
Property Taxes
-
HOA Dues
$15
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: 13 months ago (TMLS #2130566)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $168,000 | |
| Listed | |||
| | |||
|
Well-maintained 3BR/ 2.5BA home includes open floor plan with spacious kitchen, dining room and living room; bright and sunny 2-story entry, large master bedroom, master bath with garden tub/shower, and dual vanity; patio and garage with new epoxy flooring, fenced back yard. New laminate flooring and carpet. Refrigerator, washer, and dryer included. Conveniently located near I-440/40, Downtown Raleigh, Wake Med., etc.The manager has listed the unit size as 1655 square feet.
| |||
| May 26, 2017 | Listed by Smith Pearson Realty | $168,000 | |
| Listed by Smith Pearson Realty | |||
| May 31, 2006 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
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 Southeast Raleigh
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Listed by: Pandora Pearson, Smith Pearson Realty
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2130566
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2130566
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