$550,000
●
House -
Off Market
3419 Redbud Lane
Raleigh, NC 27607
4 Beds
3 Baths
1,957 Ft²
$593,819
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Excellent opportunity to live ITB and in the desirable Ridgewood
Neighborhood. Premium location, short walk to Whole Foods. Easy
access to Downtown Raleigh, I-440, I-40 & RDU Airport. Spacious
kitchen with large island, gas stove & built in microwave. Hardwood
floors throughout the home. Windows have been replaced.
Masonry fireplace. Huge 4th bedroom would make a great bonus
room, guest or in law suite. Deck & patio overlooks private
backyard. One car garage! Tons of storage in the basement.
Roof 2011.
Unit Size
1,957 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$275
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1956
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Cap Rate Calculator
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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: 2 years ago (TMLS #2402595)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 29, 2024 | No longer available | - | |
| No longer available | |||
| Dec 11, 2023 | Sold | ||
| Sold | |||
| Dec 3, 2023 | Listed by Wieland Properties, Inc. | $1,850,000 | |
| Listed by Wieland Properties, Inc. | |||
| Jan 24, 2022 | Listed by Coldwell Banker HPW | $1,850,000 | |
| Listed by Coldwell Banker HPW | |||
| | |||
|
2023 Parade of Homes Entry by Award Winning Custom Estate Homes & Frazier Home Design! 1st Floor Master Suite! Hardwoods Thru 1st Floor! Kit: Quartz tops, Island w/Barstool Seating, Custom Cabs w/Soft Close, Pro SS Appls Package w/ GasRange & DoubleOven, and Huge Scullery! 1st Floor Master: w/Designer Lighting! MBath: Sep Vanities w/Quartz, Freestanding Tub, Spa Style Tiled Shower w/Bench & Huge WIC! FamRoom: Cstm Accent Beam Ceiling, Gas Log Fireplace, 12' Slider to Oversized Covered Porch w/Stone Surround Fireplace! Huge 2nd Floor Gameroom!
| |||
| Dec 21, 2021 | Sold | ||
| Sold | |||
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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
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Type
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ft²
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HOA + Taxes
About North Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Brad Thomas, Wieland Properties, Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2402595
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2402595
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