35
Map
$595,000
●
House -
Off Market
4100 Picardy Drive
Raleigh, NC 27612
4 Beds
3 Baths
2,420 Ft²
$3,385
Est. Monthly
About This Property
A 4 bed/3 bath brick ranch home, check... a basement with a living
room w/fireplace, bedroom/full bath, check... in a prime location
with a private backyard setting and a fantastic back deck to enjoy
the scenery, check check check. And speaking of checks, check out
the bricks of this home. The first owners recycled historic
bricks made in Raleigh from a downtown property torn down in the
early 60's! Green before that was even a thing! This
updated ranch home in desirable Laurel Hills is calling your name.
Set on nearly a half an acre, this property feels like a hidden
sanctuary. Skylights and solar tubes bring the natural light
indoors too. A kitchen with granite tops, dual ovens and sunny
breakfast room will be the gathering spot for the group. And
with 3 bedrooms on main level and one bedroom/office in the
basement, the home has plenty of space to spread out. Minutes away
from great shopping and restaurants, Rex Hospital, RDU and
downtown, this house is in a 'secret garden' of Raleigh, perfect
location at the perfect price!
Unit Size
2,420 Ft²
Days on Market
63 days
Land Size
0.49 acres
Price per sqft
$252
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1962
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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: 13 days ago (TMLS #10186478)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Price Decreased |
$610,000
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Aug 26, 2026 | Price Decreased |
$625,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Aug 14, 2026 | Listed by Howard Hanna Allen Tate Raleigh Glenwood | $640,000 | |
| Listed by Howard Hanna Allen Tate Raleigh Glenwood | |||
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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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ft²
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About Northwest Raleigh
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Listed by: Chip Edwards, Howard Hanna Allen Tate Raleigh Glenwood
Last Updated: 13 days ago
Data Source: TMLS, MLS# 10186478
Last Updated: 13 days ago
Data Source: TMLS, MLS# 10186478
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