705 Colleton Road
About This Property
Discover the Collection on Colleton-brand-new duet-style homes designed for effortless living in an unbeatable Raleigh location. Step inside and soak in the abundant natural light pouring through numerous windows, illuminating the open and inviting layout. Thoughtful details abound, from luxury vinyl plank flooring throughout all living areas and bedrooms to elegant tile accents in the bathrooms and laundry room. The kitchen and bathrooms shine with quartz countertops, while a gas range and tankless water heater elevate everyday convenience.
Enjoy the rare perk of a 1-car garage this close to Downtown Raleigh, plus a fenced-in yard for added privacy and outdoor enjoyment. Crafted by Raleigh's renowned Redeeming Development Group, this home combines exceptional quality with peace of mind, backed by a 1-year builder warranty.
Come see this remarkable home today and embrace the lifestyle you deserve!
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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 |
|---|---|---|---|
| May 29, 2025 | Sold | ||
| Sold | |||
| Apr 25, 2025 | In contract | - | |
| In contract | |||
| Mar 7, 2025 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Jan 16, 2025 | Listed by Compass -- Cary | $575,000 | |
| Listed by Compass -- Cary | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/16/2025
| |
3 Bed
|
2 Bath
|
1828 ft²
|
$575,000
3 Bed
2 Bath
1828 ft²
|
$525,000
-8.70%
05/29/2025
|
Annette Holt
Keller Williams Legacy
|
|
04/05/2024
| |
3 Bed
|
2.5 Bath
|
1828 ft²
|
$650,000
3 Bed
2.5 Bath
1828 ft²
|
-
-
|
Annette Holt
Keller Williams Legacy
|
|
09/30/2021
| |
2 Bed
|
1 Bath
|
774 ft²
|
$275,000
2 Bed
1 Bath
774 ft²
|
-
-
|
Sharrod Wright
DRB Group North Carolina LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017