$310,000
●
House -
Off Market
7937 Mandrel Way
Raleigh, NC 27616
3 Beds
2 Baths
1,294 Ft²
$315,795
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
This newly renovated 3 bdrm ranch home hasn't missed a single
detail! Spacious 1st floor owner's suite w/renovated bath will
leave you breathless! Zero entry shower w/rainhead, new tile &
vanity, & bath fan connects to Bluetooth to play music! Eat-in
kitchen features stunning dark cabinets, quartz counters, & new SS
appliances. New LVP flooring & fresh paint th'out, new windows,
lighting, & hardware, new siding, & vapor barrier walk-in crawl
space. Don't miss the beautiful tiered deck & private yard!
Unit Size
1,294 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$209
Property Type
House
Property Taxes
$96
HOA Dues
$44
Year Built
1985
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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 #2388224)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 13, 2024 | Listed by Coldwell Banker HPW | $325,000 | |
| Listed by Coldwell Banker HPW | |||
| | |||
|
Adorable, renovated 3 bedroom/2bath home in Raleigh! Featuring a spacious living area with plenty of natural light, perfect for relaxing or hosting friends. The kitchen is modern and includes all appliances (new in 2021). The primary bedroom is on the main with a large, gorgeous zero-entry shower with rain head and bluetooth speaker. The outdoor space includes a peaceful front porch, large tiered deck and a fenced backyard, ideal for hosting! New HVAC, including duct work in 2021. Roof installed by previous owner in 2016. Front load washer/dryer (2021) convey. Less than 5 minutes to grocery (Lowes Foods), restaurants, shopping medical care and more! Approx 20 min to RDU, 15 min to downtown Raleigh.
| |||
| Jun 29, 2021 | Sold | ||
| Sold | |||
| Jun 7, 2021 | Listed by Core Realty Advisors | $269,900 | |
| Listed by Core Realty Advisors | |||
| Oct 27, 1995 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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HOA + Taxes
About Northeast Raleigh
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Listed by: Michelle Zanfardino, Core Realty Advisors
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2388224
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2388224
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