508 Nightingale Court
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| May 29, 2024 | Listed by Compass -- Raleigh | $550,000 | |
| Listed by Compass -- Raleigh | |||
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$5000 CLOSING COST CREDIT TO THE BUYER IF CLOSING IN JULY. Welcome to 508 Nightingale Court, a captivating home located in the esteemed ''Traditions of Wake Forest'' community. This beautiful residence features an open floor plan with a first-floor guest suite that can also serve as an office or study. With 5 bedrooms and 4 bathrooms, the home offers ample space for family and guests. The first floor boasts stunning hardwood floors, a formal dining room, and a gourmet kitchen equipped with ceramic tile, a stylish backsplash, granite countertops, crown and chair molding, a Sub-Zero refrigerator, a Wolf gas stove with pot-filler, and a Miele built-in coffee maker.
The grand master suite features a tray ceiling, and the open loft area adds additional living space. Every bathroom is adorned with ceramic and marble finishes. The home is wired for a surround sound system. The screened porch and 14x14 patio provide perfect spaces for outdoor relaxation. Additional features include a side garage door, a premium lot with an irrigation system, and more. This home combines luxury and functionality in a prime location.
The Traditions amenities are fabulous! Some of the highlights include paved bike and walking trails, a clubhouse with elegant stone fireplaces and patios, and a state of the art saltwater pool. The reservoir provides opportunities for boating and fishing. Featuring aerobics classes, cooking classes, yoga classes, and a community garden, Traditions provides enough activities to keep you busy throughout the entire year!
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| Jun 8, 2020 | Sold | ||
| Sold | |||
| Sep 16, 2019 | Listed by M/I Homes of Raleigh LLC | $379,000 | |
| Listed by M/I Homes of Raleigh LLC | |||
| Aug 26, 2016 | Sold | ||
| Sold | |||
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About Wake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017