$210,000
●
Condo -
Off Market
5816 Pointer Drive #102
Raleigh, NC 27609
2 Beds
2 Baths
1,100 Ft²
$177,398
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Renovated and ready for New Owner!!! First Floor 2 bed, 2
bath condo with new countertops, appliances, flooring, fresh paint
throughout, new fixtures, new porch and stairs leading to front
door, private deck and recently paved parking lot! Wonderful
location close to restaurants, shops and convenient to both I-440
and I-540 and just a short trip to Downtown Raleigh! MULTIPLE OFFER
SITUATION! Requesting for all offers to be submitted by 8am
Saturday March 12, 2022
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
Condo
Property Taxes
$6,735
HOA Dues
$200
Year Built
-
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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 #2435402)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Relisted | $175,000 | |
| Relisted | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Price Decreased |
$175,000
↓ $5K
(2.8%) | |
| Price Decreased | |||
| May 22, 2026 | Relisted | $180,000 | |
| Relisted | |||
| May 11, 2026 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Lot
Interior Details
Full Bathrooms: 2
Interior Features: Bookcases, Walk-In Closet(s), Bathtub/Shower Combination
Appliances: Dishwasher, Gas Range, Gas Water Heater, Refrigerator
Flooring Type: Carpet, Vinyl
Laundry Features: Laundry Closet
Rooms: 5
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 1100
Architectural Style: Contemporary, Transitional
Year Built: 1985
Building Area Total: 1100
Levels: One
Building Area Units: Square Feet
Construction Materials: Wood Siding
Patio and Porch Features: Deck
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $80,815
Utilities Details
Cooling Type: Central Air
Heating Type: Hot Water, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure, Trash
HOA Fee: $200
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/29/2024
|
2 Bed
|
2 Bath
|
1091 ft²
|
$220,000
2 Bed
2 Bath
1091 ft²
|
-
-
|
Tammy Dunn
Howard Perry & Walston Realtor
| |
|
05/15/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$220,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
Nicholas Yarrington
Grow Local Realty LLC
| |
|
04/19/2024
|
2 Bed
|
2 Bath
|
1073 ft²
|
$225,000
2 Bed
2 Bath
1073 ft²
|
$222,000
-1.33%
05/23/2024
|
Brett Yates
Society Real Estate, LLC
| |
|
03/09/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$175,000
2 Bed
2 Bath
1100 ft²
|
$210,000
+20.00%
04/07/2022
|
Emily Massey
Massey Real Estate
| |
|
10/11/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$105,000
2 Bed
2 Bath
1100 ft²
|
$98,000
-6.67%
12/13/2019
|
Emily Massey
Massey Real Estate
| |
|
10/11/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$105,000
2 Bed
2 Bath
1100 ft²
|
$97,500
-7.14%
12/19/2019
|
Emily B Massey
Massey Real Estate
| |
|
09/13/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$89,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
|
Building Info
About North Raleigh
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Listed by: Emily B Massey, Massey Real Estate, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2435402
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2435402
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