$250,000
●
Land -
Off Market
600 Hawick Road
Raleigh, NC 27615
Studio
0 Bath
$1,846
Est. Monthly
$178
HOA / Fees
About This Property
Two rare side-by-side cul-de-sac lots in quiet Stone Creek
neighborhood totaling 2.4 acres!! Entire southwest side of road
leading to cul-de-sac is HOA owned and will not be developed, which
adds to the lots' privacy and solitude. 600 Hawick is a buildable
lot with suitable soils for septic, 601 Hawick soils are unsuitable
for septic and will need work if lots are to be developed
independently. Dwelling structure will fit well on 600 Hawick with
601 Hawick as a large side yard for part of dwelling, driveway,
pool and appropriate structures. Perc tests available upon request.
Convenient to Six Forks, 540, Creedmoor and Falls Lake.
Neighborhood has pool, tennis courts, club house and community
well. HOA dues and tax information are based on both lots.
Amenities are noted as including pool and tennis courts, but please
note that additional annual membership is required. Owner is NC
Real Estate Agent.
Unit Size
-
Days on Market
-
Land Size
2.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$96
HOA Dues
$178
Year Built
-
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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: 7 months ago (TMLS #10127407)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Jan 28, 2026 | In contract | - | |
| In contract | |||
| Dec 27, 2025 | Price Decreased |
$320,000
↓ $30K
(8.6%) | |
| Price Decreased | |||
| Oct 30, 2025 | Price Decreased |
$350,000
↓ $50K
(12.5%) | |
| Price Decreased | |||
| Oct 12, 2025 | Listed by Homecoin.com | $399,900 | |
| Listed by Homecoin.com | |||
Property Highlights
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
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Stone Creek
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Listed by: Tracy Dowling, Homecoin.com
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10127407
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10127407
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