7 Old Towne Place
About This Property
Inside, light spills through big glass doors from the kitchen and dining spaces, framing woodland views that feel like your very own fairy-tale forest. The wood-burning fireplace warms the living room, while the primary suite glows with natural light. More than $55,000 in updates - including a 2021 HVAC and furnace, freshly painted interior, new flooring, updated lighting, painted cabinets, new blinds, granite counters, stainless appliances, a gas stove, gutter leaf guards, and a vapor barrier - ensure the home is as polished as it is charming.
Whether it's a first nest, a right-sized retreat, or an investment with a proven rental history at $2,300/month, this home is ready to play many roles. And with its easy access to Southpoint, Duke, UNC, RTP, and I-40, your happily-ever-after begins the moment you move in.
Open Houses this weekend!
www.nestrealty.com/oldtowne
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 8, 2025 | In contract | - | |
| In contract | |||
| Oct 13, 2025 | Price Decreased |
$379,000
↓ $19K
(4.8%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$398,000
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Oct 4, 2025 | Price Decreased |
$423,000
↓ $2K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017