$657,500
●
House -
Off Market
3708 Arbor Drive
Raleigh, NC 27612
4 Beds
3 Baths,
2
Half Baths
3,762 Ft²
$959,780
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
Multi Generational Newly Renovate Home on 1/2 Acre! Versatile
layout with 2 Master Suites, 2 Bonus Rooms, 2 Laundry & 3
Fireplaces. Full living suite on 1st fl w/ laundry room,
separate entrance, hook ups for full kitchen. New Hardwood
Flooring & Carpet thru entire home, New SS Smart Appliances, New
HVAC, New Quartz Countertops Kitchen/Baths, 9ft Kitchen Island.
Beautiful wrap around front porch & oversized screened back porch.
Easy walk to elementary school, 2 parks, greenway, tennis &
basketball courts
Unit Size
3,762 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$179
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1979
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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 #2281728)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| Feb 2, 2024 | Listed by Bold Real Estate | $975,000 | |
| Listed by Bold Real Estate | |||
| | |||
|
Beautifully renovated home in sought after Raleigh neighborhood, on 1/2 Acre! This home features a versatile floor plan with flexible spaces to suit your needs. 2 Primary Suites, 2 Bonus Rooms, 2 Laundry & 3 Fireplaces. Perfect for a WORK-FROM-HOME set up, or MULTI-GENERATIONAL living. Possible In-Law or Nanny suite w/ a separate entrance, kitchenette, and laundry. Open living area on first floor featuring a light filled living room, 9 ft. kitchen island and quartz countertops. Large bonus room above the garage with fireplace and wood beams. Primary Bedroom boasts a wood burning fireplace and walk in shower. Lots of upgrades, including plantation shutters and more! Exudes southern charm with wrap around front porch, plantation shutters & large screened porch in back. PRIME LOCATION - Walk to greenway, elementary school, parks, and more! Highly rated schools. Just minutes to RDU, Downtown Raleigh, Crabtree Valley Mall, NC Museum of Art, and UNC Rex Hospital.
| |||
| Apr 16, 2020 | Sold | ||
| Sold | |||
| Oct 2, 2019 | Listed by Keller Williams Preferred Realty | $675,000 | |
| Listed by Keller Williams Preferred Realty | |||
| May 10, 2019 | 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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Type
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Baths
ft²
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About Northwest Raleigh
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Listed by: Pamela Racz Tucker, Keller Williams Preferred Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2281728
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2281728
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