70
Map
$1,335,000
↓ $15K (1.1%)
●
House -
For Sale
717 Penn Road
Raleigh, NC 27604
5 Beds
6 Baths,
1
Half Bath
5,501 Ft²
$8,141
Est. Monthly
About This Property
Welcome to this stunning single-family home located at 717 Penn
Road in Raleigh, NC. Built in 2023, this three-story home boasts a
modern design with high-end finishes throughout. With 5 bedrooms, 6
bathrooms, and 1 half bathroom, this property offers ample space
for comfortable living. Spanning over 5,501 square feet of finished
area, this home provides plenty of room for gatherings and
entertaining. The open concept layout on the main floor features a
spacious living room, a gourmet kitchen with top-of-the-line
appliances, and a formal dining area. Hardwood floors, recessed
lighting, and large windows create a bright and inviting
atmosphere. The master suite is a true retreat with a luxurious
en-suite bathroom featuring a soaking tub, dual vanities, and a
walk-in shower. The remaining bedrooms are well-appointed with
en-suite bathrooms and ample closet space. A bonus room on the
third floor offers additional living space that can be used as a
home office, media room, or playroom. Situated on a 9,583 square
foot lot, this property includes a fenced backyard with a patio,
perfect for outdoor entertaining and relaxation. The attached
garage provides convenient parking and storage space. Located in a
desirable neighborhood, this home offers easy access to shopping,
dining, entertainment, and major highways for commuting. Don't miss
the opportunity to make this exquisite property your new home.
Schedule a showing today!.
Unit Size
5,501 Ft²
Days on Market
57 days
Land Size
0.22 acres
Price per sqft
$243
Property Type
House
Property Taxes
$1,585
HOA Dues
-
Year Built
2022
Listed By
Nicholas Huscroft
Chosen Realty
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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: 23 hours ago (TMLS #10189552)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | Price Decreased |
$1,335,000
↓ $15K
(1.1%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$1,350,000
↓ $30K
(2.2%) | |
| Price Decreased | |||
| Aug 29, 2026 | Listed by Chosen Real Estate Group | $1,380,000 | |
| Listed by Chosen Real Estate Group | |||
| Mar 23, 2025 | Listed | $1,400,000 | |
| Listed | |||
| | |||
|
Welcome to this stunning newly built Single Family home located at 717 Penn Rd, Raleigh, NC. This modern masterpiece was completed in June 2023 with meticulous attention to detail and high-end finishes throughout. With 6 bathrooms, 1 half bathroom, and a spacious finished area of 5,467 sq. ft., this home offers plenty of room for comfortable living and entertaining. As you enter the home, you are greeted by a grand two-story foyer that leads into the open concept living area. The complete first floor with its 10 ft ceiling height has a gourmet kitchen and is a chef's dream, featuring top-of-the-line appliances, custom cabinetry, and a large island with seating. The kitchen flows seamlessly into the dining area and family room, creating the ideal space for gatherings with family and friends. The primary suite is a true retreat, boasting a luxurious en-suite bathroom with a soaking tub, dual vanities, and a walk-in shower. With five additional bedrooms, each with their own en-suite bathroom, there is plenty of room for guests or a growing family. The garage is large and can park 2 full sized suburbans and still have room. The third floor features a spacious loft area that can be used as a media room, home office, or playroom. The home also includes a laundry room, mudroom, and attached garage for added convenience. Situated on a generous lot size of 9,583 sq.ft., the outdoor space is just as impressive as the interior. The backyard offer sample space for outdoor entertaining, gardening, or simply enjoying the beautiful North Carolina weather. The backyard is surrounded with a 8 ft customized fence for privacy and entertaining. Located in a recommendable neighborhood in Raleigh, this home is conveniently located near shopping, dining, parks, and top-rated schools. A family park is located only a block away and a pet friendly park as well. Don't miss your opportunity to own this brand new, impeccably designed home in a prime location. Book your showing today and experience luxury living at its finest at 717 Penn Rd. The property is priced below tax value, and appraised value giving a new owner a great equity position in this custom first class home.
**Professional photos being taken 3/28/25
| |||
| Feb 29, 2024 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 6
Interior Features: Whirlpool Tub
Appliances: Dishwasher, Electric Range, Free-Standing Refrigerator, Freezer, Microwave
Flooring Type: Carpet, Laminate, Tile, Wood
Rooms: 1
Exterior Details
Square Footage: 5501
Architectural Style: Transitional
Year Built: 2022
Building Area Total: 5501
Levels: Tri-Level
Construction Materials: Vertical Siding
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Size Square Feet: 9583
Water Source: Public
Financial Details
Tax Map Number: 111
Tax Assessed Value: $2,178,864
Tax Annual Amount: $19,022
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Exhaust Fan, Zoned
Heating Type: Central, Forced Air
Sewer : Public Sewer
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 Central Raleigh
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Listed by: Nicholas Huscroft, Chosen Real Estate Group
Last Updated: 23 hours ago
Data Source: TMLS, MLS# 10189552
Last Updated: 23 hours ago
Data Source: TMLS, MLS# 10189552
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