$265,000
●
House -
Off Market
4540 Drewbridge Way
Raleigh, NC 27604
3 Beds
2 Baths,
1
Half Bath
2,050 Ft²
$344,121
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
Beautiful and cozy 3 bedroom home in great location! House
has new HVAC, new hardwood floors in main floor, new carpets in
second floor, new water heater, just painted, new roof with
architectural shingles will be installed prior to closing, must
see!!!
Unit Size
2,050 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$129
Property Type
House
Property Taxes
$196
HOA Dues
$112
Year Built
2000
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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 #2352513)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 2, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2024 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Listed by Compass -- Raleigh | $405,000 | |
| Listed by Compass -- Raleigh | |||
| | |||
|
Stop the car! 4540 Drewbridge Way is beautifully updated, newly painted, and a fantastic buy in the heart of Raleigh. With 3 bedrooms, a formal dining room, and a flex space, you'll have plenty of room to gro!! The charming kitchen features white cabinets and stainless steel appliances. The living room boasts soaring vaulted ceilings, a wood-burning fireplace, and abundant natural light, creating a grand atmosphere. Upstairs, you'll find a spacious master suite with vaulted ceilings, plus two additional bedrooms and a bath. Located just minutes from shops, restaurants, and the beltline, this location is unbeatable. Enjoy the community pool! Roof 2021 & newer HVAC!
| |||
| Jan 12, 2021 | Sold | ||
| Sold | |||
| Nov 6, 2020 | Listed by The Insight Group | $265,000 | |
| Listed by The Insight Group | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
Status
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ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Northeast Raleigh
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Listed by: Carlos Campos, The Insight Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2352513
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2352513
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