$555,000
●
House -
Off Market
708 New Road
Raleigh, NC 27608
2 Beds
2 Baths
1,259 Ft²
$3,137
Est. Monthly
6.17%
Cap Rate
About This Property
Explore 708 New Road, a delightful bungalow in Georgetown with
charming curb appeal accentuated by established landscaping. This
inviting home offers modern comforts amidst an upbeat downtown
lifestyle. Enjoy the fenced yard, perfect for pets or outdoor
barbecues. Conveniently located near breweries, restaurants, and
shops. Just a stroll away lies the award-winning Ajja Mediterranean
restaurant, ensuring easy access to Five Points' vibrant scene.
Don't miss this prime opportunity to experience the convenience and
charm of this sought-after Raleigh location.
Unit Size
1,259 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$453
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1949
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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 #10031736)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| May 27, 2024 | Listed by Hodge & Kittrell Sotheby's Int | $570,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| | |||
|
Explore 708 New Road, a delightful bungalow in Georgetown with charming curb appeal accentuated by established landscaping. This inviting home offers modern comforts amidst an upbeat downtown lifestyle. Enjoy the fenced yard, perfect for pets or outdoor barbecues. Conveniently located near breweries, restaurants, and shops. Just a stroll away lies the award-winning Ajja Mediterranean restaurant, ensuring easy access to Five Points' vibrant scene. Don't miss this prime opportunity to experience the convenience and charm of this sought-after Raleigh location.
| |||
| Mar 28, 2013 | Sold | ||
| Sold | |||
| Apr 16, 2012 | Sold | ||
| Sold | |||
Property Highlights
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 University
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Susan Dahlin Bashford, Hodge & Kittrell Sotheby's Int
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10031736
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10031736
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