$257,500
●
House -
Off Market
8000 Elderson Lane
Raleigh, NC 27612
3 Beds
2 Baths
1,329 Ft²
$401,201
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model
About This Property
Great Location! Inviting Family Room with vaulted ceiling and
fireplace. Kitchen w/granite countertops, center island, stainless
steel appliances. Sunny breakfast area opens to the screened porch.
Spacious Master Suite and whirlpool tub & separate shower in Master
Bath. Deck & Screened Porch overlooking private backyard.
Convenient to Brier Creek, Crabtree, RTP, Downtown Raleigh and
Umstead Park!
Unit Size
1,329 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$188
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1999
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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 #2125828)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed by Choice Residential Real Estate | $439,900 | |
| Listed by Choice Residential Real Estate | |||
| | |||
|
Charming 3-Bedroom, 2-Bath Ranch Home with Screened-In Porch & Hot Tub. Welcome to this charming, meticulously maintained 3 bedroom, 2 bathroom ranch home, offering comfort, style, and an abundance of outdoor space for relaxation and entertaining. You'll find granite countertops and stainless steel appliances in the kitchen. This home offers fresh paint, updated flooring & lighting, and a new HVAC too! Situated in a serene neighborhood, this home is perfect for those looking for a peaceful retreat with easy access to all amenities. You won't want to miss seeing this home!
| |||
| Jun 15, 2017 | Sold | ||
| Sold | |||
| May 3, 2017 | Listed by Allen Tate/Raleigh-Glenwood | $249,900 | |
| Listed by Allen Tate/Raleigh-Glenwood | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Northwest Raleigh
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Listed by: Steven Walters, Allen Tate/Raleigh-Glenwood
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2125828
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2125828
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