7216 Bluffside Court
About This Property
What makes this property unique?
A detached, finished office/studio in the backyard - ideal for remote work or a personal retreat! New roof, new carpeting in all bedrooms, updated bathrooms, and brand-new appliances! A statement chandelier in the open cathedral-ceiling living space. Greystone living means great schools, dining, and recreation at your fingertips. Walk to neighborhood favorites like Sola Coffee Cafe, Gonza Tacos & Tequila, or Two Roosters Ice Cream. Plus, the Greystone Swim & Tennis Club and Greystone Crossing are just around the corner! Tucked away on a private cul-de-sac, this home offers a rare combination of tranquility, convenience, and charm - all within minutes of Raleigh's best amenities.
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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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Price Decreased |
$424,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Sep 20, 2025 | Listed by Carolina's Choice Real Estate | $430,000 | |
| Listed by Carolina's Choice Real Estate | |||
| Aug 22, 2025 | Price Decreased |
$430,000
↓ $20K
(4.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017