$430,000
●
House -
Off Market
7653 Summerglen Drive
Raleigh, NC 27615
3 Beds
2 Baths
1,664 Ft²
$2,352
Est. Monthly
4.89%
Cap Rate
About This Property
Welcome to this spectacular ranch-style home nestled in one of the
area's most desirable neighborhoods-featuring a rare and highly
sought-after basement! Step inside to find a beautifully updated
kitchen complete with new cabinetry, granite countertops, and
stainless steel appliances. The home also boasts renovated
bathrooms, including a stunning new primary ensuite.
Downstairs, the partially finished basement offers endless possibilities and opportunities with a walkout to the backyard-ideal for entertaining, a home office, gym, or playroom. Outside, enjoy the expansive stamped concrete patio, landscaped lot, and fully fenced backyard perfect for relaxing or gathering with friends and family. Additional highlights include a double-wide driveway for easy in-and-out access, no vehicle juggling required, and a prime location close to shopping, dining, and everyday conveniences. This one truly checks all the boxes-don't miss your chance to call it home!
Downstairs, the partially finished basement offers endless possibilities and opportunities with a walkout to the backyard-ideal for entertaining, a home office, gym, or playroom. Outside, enjoy the expansive stamped concrete patio, landscaped lot, and fully fenced backyard perfect for relaxing or gathering with friends and family. Additional highlights include a double-wide driveway for easy in-and-out access, no vehicle juggling required, and a prime location close to shopping, dining, and everyday conveniences. This one truly checks all the boxes-don't miss your chance to call it home!
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$255
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1977
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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 #10090665)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| Apr 25, 2025 | In contract | - | |
| In contract | |||
| Apr 21, 2025 | Listed by Choice Residential Real Estate | $425,000 | |
| Listed by Choice Residential Real Estate | |||
| Nov 10, 2016 | Sold | ||
| Sold | |||
| Sep 16, 2016 | Listed by Choice Residential Real Estate | $169,900 | |
| Listed by Choice Residential Real Estate | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About North Raleigh
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Listed by: Taylor Oldham, Choice Residential Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10090665
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10090665
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