15
Map
$339,000
●
House -
In Contract
407 Lamesa Drive
Raleigh, NC 27603
3 Beds
2 Baths
1,433 Ft²
$1,939
Est. Monthly
About This Property
407 Lamesa Dr is a one-story Raleigh brick ranch home with a
comfortable single-level layout. The kitchen features wood
cabinetry, granite countertops, and stainless steel appliances,
with an adjacent dining area for casual meals. The main living area
includes a fireplace that anchors the room, adding warmth and
ambiance, and opens to a bright secondary living space with sliding
door access to the outdoors. The bedrooms provide hardwood flooring
and ample natural light, while the bathroom includes a tub,
separate shower, and vanity for daily routines. A wooden rear deck
overlooks the spacious backyard, and an attached two-car garage
completes this well-maintained residence with practical amenities
throughout.
Unit Size
1,433 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$237
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1962
Listed By
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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 days ago (TMLS #10182345)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Price Decreased |
$339,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Aug 20, 2026 | Price Decreased |
$349,000
↓ $11K
(3.1%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$360,000
↓ $11K
(3%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by Opendoor Brokerage LLC | $371,000 | |
| Listed by Opendoor Brokerage LLC | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Garage
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Flooring Type: Hardwood, Tile, Vinyl
Rooms: 6
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Exterior Details
Square Footage: 1433
Architectural Style: Ranch
Year Built: 1962
Building Area Total: 1433
Levels: One
Construction Materials: Brick
Lot Size Area: 0.45
Lot Size Units: Acres
Lot Size Acres: 0.45
Lot Size Square Feet: 19602
Water Source: Public
Financial Details
Tax Map Number: 218
Tax Assessed Value: $3,286
Tax Annual Amount: $3,287
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Greenbriar
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Listed by: Thomas Ladane Shoupe, Opendoor Brokerage LLC
Last Updated: 2 days ago
Data Source: TMLS, MLS# 10182345
Last Updated: 2 days ago
Data Source: TMLS, MLS# 10182345
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