5373 Mill Dam Road
About This Property
Enjoy the country chic covered front porch which is a great place to entertain your guests. Step through French doors with a transom into a welcoming entry with tile floors, crown molding & a coat closet. The living room's tray ceiling and double-sided fireplace create a warm focal point, flowing into the den with French doors, transom, built-in bookcase & closet, perfect as a flexible guest room or study! Charming hallway built-ins with beadboard detail, a pocket-door full bath & a mudroom/drop zone with storage keep life organized.
The kitchen is the heart of the home, with a built-in banquette and wood ceiling, crown molding, stainless appliances, huge walk-in pantry, trash compactor, gas range with hood, tile backsplash, recessed lighting & abundant windows that bring in natural light! A mobile island adds versatility. The dining room, with tray ceiling, chair rail & crown molding, sets the stage for memorable meals, while the office offers a quiet retreat behind French doors.
Upstairs, the primary suite feels like a getaway with its tray ceiling, private covered porch, walk-in closet & spa-like bath featuring a whirlpool tub, separate walk-in shower with inlaid tile artwork & dual vanity! Two secondary bedrooms share a Jack & Jill bath with walk-in shower & a fourth bedroom/bonus offers a generous walk-in closet.
Enjoy every season outdoors on the vaulted screened porch, deck with wooded views, or gathered around the firepit. A storage shed adds extra convenience, while the natural gas line for your grill makes entertaining a breeze!
Enjoy the community ponds year round! Nearby amenities include Falls Lake, Joyner Park, Downtown Wake Forest shops & dining, White Street Brewing, The Factory, & local museums/arts!
In addition, our preferred lender is offering up to 1% in lender credit, which can be applied toward closing costs or to help reduce the interest rate.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2026 | Sold | ||
| Sold | |||
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2025 | Price Decreased |
$814,990
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Oct 2, 2025 | Price Decreased |
$824,990
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Sep 5, 2025 | Listed by Smart Choice Realty Company | $850,000 | |
| Listed by Smart Choice Realty Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017