$134,900
●
House -
Off Market
706 Bunche Drive
Raleigh, NC 27610
3 Beds
1 Bath
975 Ft²
$216,575
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model
About This Property
If you're looking for a like new home without the new home price,
here it is! If you're looking for an alternative to apartment
living and want to be near downtown Raleigh, here it is! This
adorable home has a new roof, hot water heater, appliances (a
stacked washer/dryer are included), new floors throughout.
The electrical, plumbing, HVAC, energy efficient windows, the
doors, all new! The cute kitchen features granite counter tops,
recessed lighting, and soft close cabinets and drawers.
Unit Size
975 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$138
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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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 #2127980)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | Listed by Allen Tate/Raleigh-Falls Neuse | $300,000 | |
| Listed by Allen Tate/Raleigh-Falls Neuse | |||
| | |||
|
Move in ready home just minutes from downtown Raleigh! Warm, light-filled family room opens to cozy dining nook and bright, updated kitchen. The sunny kitchen features granite countertops, stainless steel appliances, white cabinets with soft close cabinetry and windows overlooking the fenced backyard and patio. Bright, renovated bathroom offers white cabinets and tile floors and bath/shower surround. The backyard with landscaping and lovely flagstone patio is perfect for grilling, entertaining or just relaxing! A shed provides extra storage. NEW roof and gutters 2024. Smooth ceilings. No HOA. Enjoy walking trails, pool, playground, tennis and more at Biltmore Hills Park. Also convenient to downtown Garner, White Oak shopping, Wake Med, Lake Johnson and other amenities. Nearby highways enable easy commuting or weekend trips. This area is growing with new luxury home builds and neighborhoods nearby.
| |||
| Jun 5, 2017 | Sold | ||
| Sold | |||
| May 12, 2017 | Listed by Howard Perry & Walston Realtor | $134,900 | |
| Listed by Howard Perry & Walston Realtor | |||
| Dec 29, 2016 | Sold | ||
| Sold | |||
Property Highlights
Garage
Parking Available
Air Conditioning
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Southeast Raleigh
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Currently no similar homes aroundNearby Rentals
Listed by: Jessica Duren, Howard Perry & Walston Realtor
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2127980
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2127980
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