$923,000
●
House -
Off Market
5419 Springfield Drive
Raleigh, NC 27609
4 Beds
3 Baths
2,821 Ft²
$846,838
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Welcome home to Southern Grace! This stunning updated sprawling
brick one story home awaits its lucky new owner. Nestled on a
beautiful private .85 acre lot in a desired tree lined Midtown subd
just north of North Hills. Abundant distinctive features set this
home apart and include: rocking chair front porch with columns and
spiral entry stairs; inviting new double front doors; freshly
painted inside and out; refinished gleaming hardwoods throughout;
gorgeous new lighting and handsome millwork throughout; stunningly
updated kitchen and baths; cozy gas log fireplace with reclaimed
mantle; new crystal doorknobs and new door hinges throughout; open
flowing floorplan with 4th bedrm/office/bonus option; charming
newly renovated mud room and laundry room; newer roof and windows;
tranquil screened porch with tongue and groove ceiling and newer
skylights; spacious beautifully landscaped fenced backyard (goes
beyond fence) with 2 storage sheds; large brick patio perfect for
entertaining and grilling this Fall; outdoor firepit and benches
perfect for toasting s'mores; side entry 2 car garage and much
more. Life is good here!
Unit Size
2,821 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$301
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1964
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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 #2535785)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2023 | Sold | ||
| Sold | |||
| Oct 5, 2023 | Listed by Long & Foster Real Estate INC/Brier Creek | $850,000 | |
| Listed by Long & Foster Real Estate INC/Brier Creek | |||
| Jun 9, 2017 | Sold | ||
| Sold | |||
| Apr 11, 2017 | Listed by Long & Foster Real Estate INC/Brier Creek | $475,000 | |
| Listed by Long & Foster Real Estate INC/Brier Creek | |||
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
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HOA + Taxes
About North Raleigh
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Listed by: David Henry Johnson, Long & Foster Real Estate INC/Brier Creek
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2535785
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2535785
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