$575,000
●
House -
Off Market
5705 Dean Avenue
Raleigh, NC 27616
3 Beds
2 Baths,
1
Half Bath
1,936 Ft²
$3,070
Est. Monthly
3.44%
Cap Rate
About This Property
The phrase ''Rare Opportunity'' is unfortunately too often used,
but 5705 Dean absolutely fits the bill! Occasionally a home may hit
the market with a level lot, but RARELY is it nearly an acre with a
fenced backyard! RARELY does that home also offer a 4 CAR GARAGE,
thoughtful updates with high end finishes throughout, proximity to
shopping, and with No HOA fees and No City Taxes! Wonderful bay
windows pour light into heart of home, which perfectly strikes the
balance between cozy and cool. Original wood trim, ceiling beams,
and masonry fireplace flow into bright, modern kitchen with large
island, quartz counters, and even a walk-in pantry. Garage space
perfect for workshop complete with separate shop half bath! While
offering easy access to 401, 540 and the Triangle beyond,
Will-O-Dean offers rolling topography, mature trees, and 2
cherished neighborhood ponds with walking trails. Escape from the
hustle and bustle and return home to this quiet, loved enclave of a
community in Northeast Raleigh.
Unit Size
1,936 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$297
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1974
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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 #10085210)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed by Corcoran DeRonja Real Estate | $575,000 | |
| Listed by Corcoran DeRonja Real Estate | |||
| Mar 20, 2020 | Sold | ||
| Sold | |||
| Oct 26, 2019 | Listed by Corcoran DeRonja Real Estate | $319,000 | |
| Listed by Corcoran DeRonja Real Estate | |||
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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: Greyson Sargent, Corcoran DeRonja Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10085210
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10085210
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