$167,000
●
Condo -
Off Market
5820 Pointer Drive #201
Raleigh, NC 27609
2 Beds
2 Baths
1,100 Ft²
$163,191
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Renovated and Ready for New Resident! 2 bed, 2 bath top floor
condo! New Kitchen countertops, backsplash and stainless steel
appliances including a gas range! All new flooring throughout
with either carpet or luxury vinyl planks. Newer roof and
parking lot paved last year! New plumbing fixtures, vanity
countertops and light fixtures! Almost everything is new!!!
Large living area with fireplace and separate study area with
book shelves. Private deck for entertaining and walkable
streets! Visit today!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$132
Property Type
Condo
Property Taxes
$66
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 #2412797)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2021 | Sold | ||
| Sold | |||
| Oct 10, 2021 | Listed by Massey Real Estate | $145,000 | |
| Listed by Massey Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Lot
Interior Details
Full Bathrooms: 2
Interior Features: Bookcases, High Ceilings, Walk-In Closet(s), Bathtub/Shower Combination
Appliances: Dishwasher, Gas Range, Gas Water Heater, Plumbed For Ice Maker, Refrigerator
Flooring Type: Carpet, Vinyl
Laundry Features: Laundry Closet
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Has Property Attached
Square Footage: 1100
Architectural Style: Contemporary
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: $793
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: $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 |
|---|---|---|---|---|---|---|---|
|
10/10/2021
|
2 Bed
|
2 Bath
|
1100 ft²
|
$145,000
2 Bed
2 Bath
1100 ft²
|
$167,000
+15.17%
10/28/2021
|
Emily Massey
Massey Real Estate
| |
|
04/22/2021
|
2 Bed
|
2 Bath
|
1134 ft²
|
$133,000
2 Bed
2 Bath
1134 ft²
|
$133,000
06/02/2021
|
Emily Massey
Massey Real Estate
| |
|
02/19/2021
|
2 Bed
|
2 Bath
|
1100 ft²
|
$124,900
2 Bed
2 Bath
1100 ft²
|
$127,000
+1.68%
04/16/2021
|
Emily B Massey
Massey Real Estate
| |
|
04/23/2020
|
2 Bed
|
2 Bath
|
1100 ft²
|
$116,000
2 Bed
2 Bath
1100 ft²
|
$118,000
+1.72%
06/23/2020
|
Emily B Massey
Massey Real Estate
|
Building Info
About North Raleigh
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Listed by: Emily B Massey, Massey Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2412797
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2412797
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