$290,000
●
House -
Off Market
7271 Shellburne Drive
Raleigh, NC 27612
3 Beds
2 Baths
1,188 Ft²
$1,730
Est. Monthly
6.13%
Cap Rate
About This Property
Welcome Home! Nestled in the highly sought-after North Raleigh
neighborhood, this charming single-family residence offers the
perfect blend of comfort, convenience, and recent updates.
Featuring 3 spacious bedrooms and 2 full bathrooms, the
open-concept layout enhances the flow between living, dining, and
kitchen areas-perfect for both everyday living and entertaining.
Recent renovations include a new dishwasher, range, refrigerator,
and vent hood, along with reglazed kitchen countertops and fresh
touch-up paint to give the space a bright, refreshed feel. Both
bathroom showers and tubs have been reglazed, adding a clean,
modern touch throughout. Enjoy cozy evenings by the fireplace or
step outside to your private patio deck-ideal for relaxing or
hosting gatherings. The spacious backyard offers endless
possibilities for outdoor enjoyment. Conveniently located near
parks, shopping, and dining, this beautifully updated home is a
must-see. Don't miss your chance to own a move-in-ready gem in one
of Raleigh's most desirable areas!
Unit Size
1,188 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$257
Property Type
House
Property Taxes
$232
HOA Dues
-
Year Built
1985
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Cap Rate Calculator
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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: 9 months ago (TMLS #10078055)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Price Decreased |
$305,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Oct 3, 2025 | Price Decreased |
$315,000
↓ $4K
(1.3%) | |
| Price Decreased | |||
| Sep 18, 2025 | Price Decreased |
$319,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About North Raleigh
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Listed by: Meisha Spang, Mark Spain Real Estate
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10078055
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10078055
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