32
Map
$317,000
●
House -
In Contract
3500 Castlegate Drive
Raleigh, NC 27616
3 Beds
2 Baths
1,244 Ft²
$1,762
Est. Monthly
$44
HOA / Fees
About This Property
Enjoy the convenience of a Raleigh address with the added benefit
of no city taxes. This beautifully updated one story home offers 3
bedrooms, 2 bathrooms, and a spacious sunroom with sliding glass
windows and screens, creating the perfect space to enjoy throughout
the seasons. Step outside to the 16' x 12' deck overlooking the
private, fenced backyard. Inside, the remodeled kitchen features
refreshed cabinetry, quartz countertops, brushed nickel fixtures,
and brand new appliances. Luxury vinyl plank flooring extends
throughout the main living areas and bathrooms, and updated carpet
in each bedroom. Additional updates include smooth ceilings, modern
light fixtures, and a welcoming family room with a fireplace. Major
improvements such as new insulation, a new vapor barrier in the
crawlspace, and an HVAC system installed in 2020.
Unit Size
1,244 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$255
Property Type
House
Property Taxes
$161
HOA Dues
$44
Year Built
1989
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 12 days ago (TMLS #10178036)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$317,000
↓ $6K
(1.7%) | |
| Price Decreased | |||
| Jul 3, 2026 | Listed by Compass -- Raleigh | $322,500 | |
| Listed by Compass -- Raleigh | |||
| Oct 6, 2023 | Sold | ||
| Sold | |||
| Sep 1, 2023 | Listed by Compass -- Raleigh | $330,000 | |
| Listed by Compass -- Raleigh | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Concrete, Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Double Vanity, Eat-in Kitchen, High Speed Internet, Storage, Walk-In Closet(s), Bathtub/Shower Combination, Quartz Counters, Shower Only, Smooth Ceilings
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
Flooring Type: Carpet, Luxury Vinyl
Laundry Features: In Hall
Rooms: 6
Has Fireplace
Fireplace Features: Family Room, Gas Log
Fireplaces: 1
Exterior Details
Square Footage: 1244
Security Features: Smoke Detector(s)
Architectural Style: Ranch
Year Built: 1989
Building Area Total: 1244
Levels: One
Other Structures: Shed(s)
Construction Materials: Vinyl Siding
Patio and Porch Features: Covered, Deck, Enclosed, Front Porch, Porch
Lot Features: Back Yard, Front Yard, Landscaped
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6969.6
Water Source: Community Water
Financial Details
Tax Map Number: 69
Tax Assessed Value: $299,364
Tax Annual Amount: $1,935
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Electric, Heat Pump, None
Sewer : Community Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: None
HOA Fee: $44
HOA Fee Frequency: Monthly
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Dana Ellington, Compass -- Raleigh
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10178036
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10178036
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017