$688,000
●
House -
Off Market
4116 Spruce Drive
Raleigh, NC 27612
3 Beds
2 Baths,
1
Half Bath
2,073 Ft²
$618,308
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Nestled within the desired subd of Laurel Hills sits your own
private oasis. You will love coming home to this beautiful,
meticulously maintained and updated home with its private lush
landscaped gardens, multiple stone & brick patios, fenced yard and
an inviting salt water pool. Just Stunning! Filled with so many
special features including: finished on-site real hardwoods
throughout most of the home; beautifully updated kitchen and baths;
open flowing floorplan with smooth ceilings; finished daylight
basement with bar, cozy fireplace with gas logs, a half bath,
French doors that lead to side patio and the pool; unfinished
basement with workshop, laundry room and storage; 2 car side entry
garage with cabinets; brick rear parking pad; storage shed and much
more. All the conveniences of living in the heart of the city with
the luxury of a secluded and gorgeous half acre lot. Life is good
here!
Unit Size
2,073 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$299
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1965
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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 #2517685)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2023 | Sold | ||
| Sold | |||
| Jun 21, 2023 | Listed by Long & Foster Real Estate INC/Brier Creek | $620,000 | |
| Listed by Long & Foster Real Estate INC/Brier Creek | |||
| Sep 30, 2020 | Sold | ||
| Sold | |||
| Jul 8, 2020 | Listed by Real Broker, LLC | $450,000 | |
| Listed by Real Broker, LLC | |||
| | |||
|
Gorgeous home, amazing location, sitting on almost 0.5 acres! PRIVATE POOL! Nice and open floor plan with beautiful kitchen featuring double oven, gas cook top, granite and quartz countertops, tile backsplash and plenty of cabinet space! Gleaming hardwoods throughout the main living area. Spacious Master Suite with double vanity and tiled walk-in shower. Large Bonus Room on the lower level is perfect for entertainment with direct access to the private back yard and the pool! This home has it all!
| |||
| Oct 27, 2006 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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 Northwest Raleigh
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Listed by: David Henry Johnson, Long & Foster Real Estate INC/Brier Creek
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2517685
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2517685
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