405 Latimer Road
About This Property
The first floor is exceptionally functional and beautifully appointed, ideal for both daily living and long-term flexibility. A vaulted office with beautiful trim detail creates a refined yet welcoming workspace, while the main-level guest suite, laundry room, and primary suite allow for true ease of living. The primary retreat is generous and well designed, complemented by an exceptionally large walk-in closet offering abundant storage and organization rarely found.
At the heart of the home, the kitchen and dining spaces are expansive and designed for gathering. High-end appliances, a striking backsplash, and an oversized island anchor the kitchen, which flows seamlessly into the dining area for effortless entertaining. A pass-through scullery enhances both form and function, featuring a built-in coffee maker and secondary refrigerator perfect for hosting, holidays, and everyday convenience.
Upstairs, the home continues to impress with remarkable space for family and guests. Two separate bonus areas offer flexibility for every stage of life from a game or hang-out space to mahjong or poker nights, movie watching, homework zones, or casual entertaining alongside additional bedrooms that feel spacious and private.
Outdoor living is equally intentional. The covered patio is outfitted with top-of-the-line heaters and Phantom screens, creating a comfortable year-round extension of the home. A generous outdoor cooking area anchors the space, while the flat, usable backyard offers room for play, pets to roam, or relaxed afternoons outdoors.
Living here means more than owning a beautiful home it means stepping into the rhythm of North Hills. Walk to summer concerts on the green, spend Saturday mornings at the farmers market, meet friends for dinner or coffee just blocks away, and enjoy the calendar of family-friendly events hosted throughout the year. Whether it's an evening stroll, a spontaneous night out, or a weekend spent close to home, this location brings energy, connection, and ease into everyday life all while offering the quiet comfort of a true neighborhood.
A rare opportunity to enjoy thoughtful design, everyday functionality, and one of Raleigh's most sought-after lifestyles all in one exceptional home.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017