$155,000
●
House -
Off Market
3213 Mid Pines Road
Raleigh, NC 27606
3 Beds
2 Baths
1,237 Ft²
$286,579
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model
About This Property
Enjoy quiet living in this great ranch home on 1.25 acre's in prime
location!!! New HVAC and duct work installed 4/2015!!! Tons of room
for gardening and great places to store wood for the wood burning
stove! It also has electric range/oven and a newly updated
dishwasher. Big bedrooms inside w/ some new paint highlight this
great little farm house. Out door storage shed and huge barn make
storage a breeze.
Unit Size
1,237 Ft²
Days on Market
-
Land Size
1.25 acres
Price per sqft
$129
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989
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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 #2001112)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2025 | Sold | ||
| Sold | |||
| Jun 26, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Listed by Nest Realty of the Triangle | $495,000 | |
| Listed by Nest Realty of the Triangle | |||
| | |||
|
Incredible opportunity to have the best of both worlds, pastoral charm unbelievably close to downtown Raleigh. This delightful farm bungalow has been lovingly and carefully restored to bring it to the current beauty that you see now. Turn onto the gravel drive and home in on the cute yellow cottage with a generous screen porch. Enter into the great room with vaulted ceilings, a spacious kitchen, abundant energy efficient windows, schoolhouse electric fixtures, pine floors and operable wood stove. Two bedrooms toward the front offer great flexibility and share a bathroom that has been perfectly designed and renovated. The primary suite in the rear of the home offers peace and quiet with large closet area and large bath with walk-in shower. Ample parking with circle drive and all the other functional utility you could dream of with a generous mudroom hallway, 2 small outbuildings plus a large wired metal garage workshop. This one of a kind gem will capture your heart!
| |||
| Oct 5, 2017 | Sold | ||
| Sold | |||
| May 8, 2015 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Southwest Raleigh
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Listed by: Steven Kooistra, Fonville Morisey/Preston Sales
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2001112
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2001112
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