$80,000
●
House -
Off Market
625 Locust Lane
Raleigh, NC 27603
3 Beds
1 Bath,
1
Half Bath
1,278 Ft²
$159,341
RealtyHop Estimate
77.24%
Since Feb 1, 2016
National-US
Primary Model
About This Property
Check out the price on this low maintenance 3 bedroom brick ranch
style home close to Garner/Timber Dr and downtown Raleigh. Updates
include fresh interior/exterior paint and charming refinished
hardwoods. Large flat yard partially fenced. Older established
neighborhood close to shopping and restaurants! Half bath in master
has standing shower.
Unit Size
1,278 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$70
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1967
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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 #2040462)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2022 | Sold | ||
| Sold | |||
| Apr 4, 2022 | Listed by DASH Carolina | $330,000 | |
| Listed by DASH Carolina | |||
| | |||
|
FULLY UPDATED ranch style home located minutes from downtown Raleigh, the White Oak shopping center, I40, US 70, and so much more! This home features all new kitchen cabinets, counter tops, appliances, flooring throughout, and updated bathrooms with a walk-in shower in the Master! The home also features a NEW ROOF, a half an acre of land, and NO HOA! This home is move-in ready!
| |||
| Feb 1, 2022 | Sold | ||
| Sold | |||
| Oct 9, 2021 | Listed by Coldwell Banker Advantage | $244,900 | |
| Listed by Coldwell Banker Advantage | |||
| Jan 29, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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Sold On
HOA + Taxes
About Rangewood
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Listed by: Catharine Campbell, Coldwell Banker Advantage
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2040462
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2040462
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