706 Adeline Court
About This Property
Celebrate a lifestyle of convenience and modern amenities in this spacious, impeccably maintained Drees Homes residence. Thoughtfully designed with an open-concept layout, this home is ideal for both everyday living and entertaining.
The main level features LVP flooring throughout the primary living areas, along with beautifully updated cabinetry and lighting fixtures that elevate the home's overall style. The kitchen serves as the centerpiece, offering quartz countertops, a large island, and a breakfast bar--perfect for gathering, casual dining, and entertaining. The space flows seamlessly into the main living area, creating a functional and inviting layout.
A main-floor guest suite provides flexibility for visitors or multi-generational living, while formal spaces add versatility for a home office or dining.
Upstairs, the spacious primary suite offers a private retreat feel with a walk-in closet and well-appointed bath. Additional bedrooms and a generous loft provide ample space, while the bonus room features vaulted ceilings, adding both character and functionality.
Outdoor living is equally appealing with a screened-in back deck--perfect for relaxing or hosting--along with a two-car garage for everyday convenience.
Ideally located just minutes from RTP, I-40, and premier shopping and dining, this home blends comfort, style, and a prime Triangle location.
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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, 2026 | Sold | ||
| Sold | |||
| Apr 20, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by EXP Realty LLC | $749,900 | |
| Listed by EXP Realty LLC | |||
| Dec 22, 2023 | Sold | ||
| Sold | |||
| Nov 3, 2023 | Listed by Nest Realty of the Triangle | $750,000 | |
| Listed by Nest Realty of the Triangle | |||
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Like new and with a unique financing option – even better than an assumable mortgage! Celebrate a lifestyle of convenience & modern amenities in this breathtaking, spacious, & immaculate residence. A Drees Homes gem, this magnificent home features an open concept with a main floor guest suite. Spacious formals, a designer kitchen with premium finishes, a stunning screened porch and expansive bonus room beckon the entertainer within. Located minutes from RTP, I-40, and one of the area's most desirable shopping destinations, this home merges convenience and luxury in the Triangle.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017