$222,000
●
Condo -
Off Market
5816 Pointer Drive #201
Raleigh, NC 27609
2 Beds
2 Baths
1,073 Ft²
$1,379
Est. Monthly
$195
HOA / Fees
6.55%
Cap Rate
About This Property
Newly renovated condo in prime N. Raleigh location and neighborhood
ready for your enjoyment and priced to sell! New paint and
LVP floors throughout, new vanities, new toilets, re-glazed baths,
smooth ceilings, new fixtures, recessed lighting, and new ceiling
fans leave nothing to be desired. Convenient to Midtown,
restaurants, bars, shopping, and the best of what Raleigh has to
offer, this is ideal as a primary home or investment, so schedule
your showing today!
Unit Size
1,073 Ft²
Days on Market
-
Land Size
-
Price per sqft
$210
Property Type
Condo
Property Taxes
$79
HOA Dues
$195
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 #10024247)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by Society Real Estate, LLC | $225,000 | |
| Listed by Society Real Estate, LLC | |||
| Dec 19, 2019 | Sold | ||
| Sold | |||
| Oct 11, 2019 | Listed by Massey Real Estate | $105,000 | |
| Listed by Massey Real Estate | |||
| | |||
|
Fully renovated and rented! Investors take note! 2 bed, 2 bath, second level condo. Building has brand new roof! Good paying tenants in place! Put this one into your rental portfolio today!
| |||
| Mar 1, 2007 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Open
Open Parking Spaces: 65
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Recessed Lighting, Walk-In Closet(s), Quartz Counters, Smooth Ceilings
Appliances: Dishwasher, Refrigerator
Flooring Type: Vinyl
Laundry Features: Laundry Closet
Has Fireplace
Fireplace Features: Gas Starter
Fireplaces: 1
Exterior Details
Square Footage: 1073
Architectural Style: Transitional
Year Built: 1985
Building Area Total: 1073
Levels: One
Building Area Units: Square Feet
Construction Materials: Wood Siding
Patio and Porch Features: Deck
Water Source: Public
Financial Details
Tax Annual Amount: $945
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Other
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Pest Control, Trash
HOA Fee: $195
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: Brett Yates, Society Real Estate, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10024247
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10024247
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