$270,000
●
House -
Off Market
4203 Grandover Drive
Raleigh, NC 27610
3 Beds
2 Baths,
1
Half Bath
1,338 Ft²
$1,619
Est. Monthly
$65
HOA / Fees
6.60%
Cap Rate
About This Property
Welcome to 4203 Grandover Drive, a charming two-story home located
on a spacious corner lot in Raleigh's desirable 27610 area. Built
in 2004, this well-maintained residence features 3 bedrooms, 2.5
bathrooms, and a light-filled layout perfect for comfortable
living. Recent updates include fresh interior paint and flooring in
various spaces, creating a move-in-ready space. The main level
offers a welcoming living room and a separate dining area, ideal
for entertaining or everyday meals. Upstairs, you'll find all
bedrooms thoughtfully situated for privacy and convenience.
Additional highlights include a one-car garage, low-maintenance
vinyl siding, and a modest HOA. With easy access to schools,
shopping, and major highways, this home offers both comfort and
convenience.
Unit Size
1,338 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$206
Property Type
House
Property Taxes
$203
HOA Dues
$65
Year Built
2004
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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: 9 months ago (TMLS #10124335)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Price Decreased |
$275,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Jan 9, 2026 | Price Decreased |
$285,000
↓ $9K
(3.1%) | |
| Price Decreased | |||
| Dec 19, 2025 | Relisted | $294,000 | |
| Relisted | |||
Show More
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 Southeast Raleigh
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Listed by: Meisha Spang, Mark Spain Real Estate
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10124335
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10124335
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