$515,000
●
House -
Off Market
5325 Sorrell Glen Drive
Raleigh, NC 27603
4 Beds
2 Baths,
1
Half Bath
2,640 Ft²
$3,111
Est. Monthly
$236
HOA / Fees
4.26%
Cap Rate
About This Property
Experience the allure of modern style and practical convenience in
this meticulously designed floor plan nestled in the heart of
Legacy Farm. This well-maintained 4-bedroom home is a perfect blend
of style, comfort, and convenience. The inviting open floor plan
seamlessly connects the living, dining, and kitchen areas, creating
a spacious and welcoming atmosphere. Featuring granite countertops,
open floor plan, spacious primary suite, walk-in closets, separate
laundry room, and more! The fully fenced yard, provides both
privacy and a safe space for outdoor activities. Whether you're
entertaining guests or letting your pets roam freely, this backyard
is a versatile and charming extension of your living space.
Convenience is key, and this home is ideally located close to
shopping and amenities, making daily errands a breeze. Enjoy easy
access to nearby shops, restaurants, and recreational facilities,
enhancing your overall quality of life.
Unit Size
2,640 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$199
Property Type
House
Property Taxes
$296
HOA Dues
$236
Year Built
-
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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: 2 years ago (TMLS #10007065)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | Listed by Long & Foster Real Estate INC | $525,000 | |
| Listed by Long & Foster Real Estate INC | |||
Property Highlights
Garage
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Comparables
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Status
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Type
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Baths
ft²
Price/ft²
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Listed On
Listed On
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Sold On
HOA + Taxes
About Wake
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Listed by: David Bermel, Long & Foster Real Estate INC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10007065
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10007065
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