$415,000
●
House -
Off Market
5401 Botany Bay Drive
Raleigh, NC 27616
4 Beds
2 Baths,
1
Half Bath
$406,969
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Oh my! Check out this beautiful home in a quiet neighborhood
just minutes from everything. An elegant vaulted living area
with wood burning fireplace greets you as you walk onto the covered
front porch and in the front door. Step into the spacious
upgraded kitchen with tile flooring, granite countertops, and tile
backsplash. The first floor owner's suite offers a huge
closet, tile flooring, and upgraded bathroom double vanity with
separate shower and soaker tub. Upstairs you'll find three
additional bedrooms, a full bath with tile flooring, and a huge
half-door walk-in attic space for storage. Then enjoy
cookouts in your fenced backyard with a pergola covering the back
patio. 18 mins to downtown Raleigh. 23 mins to RTP.
Living area is pre-wired for surround sound. Landscape
irrigation installed. irrigation installed.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$44
Year Built
1996
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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 #126972)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2023 | Sold | ||
| Sold | |||
| Mar 20, 2023 | Listed by Elevation Realty, LLC | $400,000 | |
| Listed by Elevation Realty, LLC | |||
| Aug 31, 2020 | Sold | ||
| Sold | |||
| Jun 28, 2018 | Sold | ||
| Sold | |||
| Jun 6, 2018 | Listed by Elevation Realty, LLC | $220,000 | |
| Listed by Elevation Realty, LLC | |||
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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 Northeast Raleigh
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Listed by: Cameron Denny, Elevation Realty, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 126972
Last Updated: 2 years ago
Data Source: TMLS, MLS# 126972
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