25
Map
$1,895,000
●
House -
In Contract
3312 Milton Road
Raleigh, NC 27609
4 Beds
3 Baths,
2
Half Baths
4,116 Ft²
$10,492
Est. Monthly
About This Property
A Tony Frazier design, custom built, inside the beltline home,
proudly overlooking a cul-de-sac in the highly sought after Drewry
Hills neighborhood. Completed in April '24, this home is like
brand new barely lived-in and features: Built-in closet system.
Site-finished oak hardwoods. Thermador chef's kitchen with 100
bottle wine column, 48" dual fuel stove/double ovens. Scullery
pantry with sink. Custom built-in bookshelves. Outdoor Kitchen -
piped gas grill, trash can, refrigerator, smoker. Two and a half
car garage with finished floors. Media room pre-wired for sound
system and ceiling projector. Wired speakers inside and outside
with Sonos system for music or TV sound. Gas lanterns over garage.
Built-in mudroom cubbies with sitting bench. Double desk work space
with granite tops
Unit Size
4,116 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$460
Property Type
House
Property Taxes
$1,187
HOA Dues
-
Year Built
-
Listed By
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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 months ago (TMLS #10184193)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Sep 15, 2026 | Price Decreased |
$1,895,000
↓ $105K
(5.3%) | |
| Price Decreased | |||
| Aug 4, 2026 | Listed by BEYCOME BROKERAGE REALTY LLC | $1,999,999 | |
| Listed by BEYCOME BROKERAGE REALTY LLC | |||
| May 10, 2018 | Sold | ||
| Sold | |||
| Mar 19, 2018 | Listed by Hearth Realty, LLC | $249,000 | |
| Listed by Hearth Realty, LLC | |||
| | |||
|
Perfect for developer or custom home builder for property inside the belt line. House has no value. Lot has been subdivided see documents for updated lot map. 2 lots sold together or separately Lot 74 and 744 each for $249,000. Lot 74 has existing water meter and city sewer connection. Lot 744 will need to be connected. As of listing date Lot map has not been updated in county records.
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 3
Interior Features: Bar, Bookcases, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Double Vanity, Entrance Foyer, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Smart Camera(s)/Recording, Smart Home, Smart Thermostat, Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Wired for Data, Wired for Sound, Butler's Pantry, Dressing Room, Quartz Counters, Room Over Garage, Separate Shower, Smooth Ceilings, Walk-In Shower, Water Closet
Flooring Type: Carpet, Hardwood, Stone, Tile
Rooms: 7
Exterior Details
Square Footage: 4116
Architectural Style: Modern, Tudor
Year Built: 2024
Building Area Total: 4116
Levels: Two
Construction Materials: Brick, Brick Veneer, Fiber Cement, Frame, Glass, HardiPlank Type
Lot Size Area: 0.42
Lot Size Units: Acres
Lot Size Acres: 0.42
Lot Size Square Feet: 18295.2
Lot Size Dimensions: 75 x 275
Water Source: Public
Financial Details
Tax Map Number: 744
Tax Assessed Value: $1,631,084
Tax Annual Amount: $14,244
Utilities Details
Cooling Type: Central Air
Heating Type: None
Sewer : Public Sewer
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 North Hills
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Listed by: Craig Tribus, BEYCOME BROKERAGE REALTY LLC
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10184193
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10184193
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