$555,000
●
House -
Off Market
405 Bragg Street
Raleigh, NC 27601
3 Beds
3 Baths,
1
Half Bath
1,650 Ft²
$585,018
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Top of the line Downtown Raleigh new construction is your urban
oasis. Tremendous design + fabulous floorplan built with care.
Stellar kitchen with gorgeous island + gas range. Fantastic outside
living with covered back deck overlooking a fantastic backyard.
Luxurious owner's suite is upstairs with custom bath including dual
vanities, extensive + gorgeous cabinetry, huge walk in shower +
additional private deck for morning coffee or evening cocktails.
Secondary bedrooms are nicely sized. 9 foot ceilings up + down,
extensive trim work, tankless hot water + a one of a kind dog
washing station is a surprise at this price point. Walkable to
everything your heart desires + easy access to I-440/40, RTP, + RDU
Airport.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$348
Property Type
House
Property Taxes
$111
HOA Dues
-
Year Built
2022
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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 #2495761)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 5, 2023 | Sold | ||
| Sold | |||
| Feb 18, 2023 | Listed by Corcoran DeRonja Real Estate | $575,000 | |
| Listed by Corcoran DeRonja Real Estate | |||
| Feb 14, 2023 | No longer available | - | |
| No longer available | |||
| Jan 25, 2023 | Relisted | $599,900 | |
| Relisted | |||
| Jan 25, 2023 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
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Property Highlights
Parking Available
Air Conditioning
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 Central Raleigh
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Listed by: Frank DeRonja, Corcoran DeRonja Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2495761
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2495761
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