$500,000
●
House -
Off Market
5501 Old Forge Circle
Raleigh, NC 27609
3 Beds
2 Baths
1,594 Ft²
$2,663
Est. Monthly
4.24%
Cap Rate
About This Property
Imagine living in the heart of the action - 5501 Old Forge is the
perfect destination. Nestled just north of Midtown's vibrant scene,
this charming ranch home boasts a plethora of delightful surprises.
As you step into the spacious foyer, you'll be drawn to the vaulted
family room, where a brick fireplace and wainscotting create a warm
ambiance. The kitchen, connected by a sturdy wood bar counter,
features a large picture window above the sink, flooding the space
with natural light. A swinging door leads to the dining room,
followed by a classic living room, perfect for relaxation. The
primary bathroom has been tastefully updated, complete with a
walk-in closet. The large, fenced-in yard is a pet's paradise. And
when it's time to entertain, the deck off the family room expands
your living space, complete with a gas line feeding two grill
stations, ensuring your guests are always well-fed and happy.
Unit Size
1,594 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$304
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1972
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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 #10031085)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| May 23, 2024 | Listed by Hodge & Kittrell Sotheby's Int | $485,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Aug 9, 2021 | Sold | ||
| Sold | |||
| Mar 9, 2021 | Sold | ||
| Sold | |||
| Feb 4, 2021 | Listed by Hodge & Kittrell Sotheby's Int | $325,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
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Property Highlights
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 Raleigh
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Listed by: Susan Dahlin Bashford, Hodge & Kittrell Sotheby's Int
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10031085
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10031085
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