$2,150,000
●
House -
Off Market
509 Ortega Road
Raleigh, NC 27609
5 Beds
5 Baths,
1
Half Bath
4,590 Ft²
$11,638
Est. Monthly
1.38%
Cap Rate
About This Property
Stunning New Home in desirable Midtown. By award winning Raleigh
Custom Homes. This New Home features an Open Concept plan with
formal Dining. Family Room with with Fireplace and Built-Ins flows
out to the Screen Porch with Grilling Station through a wall of
sliding glass doors. An airy Breakfast Room adjoins the Chef-Style
Kitchen with huge Breakfast Bar / Island with Quartz Counter tops
and Beautiful Custom Cabinets, with top of the line SS Appliances,
Gas Range, and Wall Ovens. 1st Floor Primary Bedroom, with Spa like
Bath with large Shower and standalone soaking tub. 1st Floor Guest
Suite and Study. The 2nd floor features 3 additional Bedroom each
with a full Bath, Game Room with wet bar and wine cooler, and
Exercise Room. Sophisticated Modern Features are found
throughout this home, from Designer lighting, plus Custom Features.
3 Car Garage. Great Location.
Unit Size
4,590 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$501
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1969
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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 #10041993)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Raleigh Custom Realty, LLC | $2,300,000 | |
| Listed by Raleigh Custom Realty, LLC | |||
| | |||
|
Stunning New Home in desirable Midtown. By award winning Raleigh Custom Homes. This New Home features an Open Concept plan with formal Dining. Family Room with with Fireplace and Built-Ins flows out to the Screen Porch with Grilling Station through a wall of sliding glass doors. An airy Breakfast Room adjoins the Chef-Style Kitchen with huge Breakfast Bar / Island with Quartz Counter tops and Beautiful Custom Cabinets, with top of the line SS Appliances, Gas Range, and Wall Ovens. 1st Floor Primary Bedroom, with Spa like Bath with large Shower and standalone soaking tub. 1st Floor Guest Suite and Study. The 2nd floor features 3 additional Bedroom each with a full Bath, Game Room with wet bar and wine cooler, and Exercise Room. Sophisticated Modern Features are found throughout this home, from Designer lighting, plus Custom Features. 3 Car Garage. Great Location.
| |||
| Mar 31, 2023 | Sold | ||
| Sold | |||
| Oct 27, 2022 | Listed by Raleigh Custom Realty, LLC | $600,000 | |
| Listed by Raleigh Custom Realty, LLC | |||
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 North Hills
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Listed by: Tim Thompson, Raleigh Custom Realty, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041993
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10041993
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