$450,000
●
House -
Off Market
8216 Clear Brook Drive
Raleigh, NC 27615
3 Beds
2 Baths
1,764 Ft²
$2,504
Est. Monthly
$46
HOA / Fees
4.48%
Cap Rate
About This Property
Charming Cape Cod with first floor master located in the much
sought after Summerfield North community. Also includes a front
porch to enjoy the views of one of the prettiest streets in North
Raleigh. This home offers that desire of convenience living-less
than 2 miles from Whole Foods and other grocery store options as
well as the plethora of local shopping. Quick access to I-540, and
Wake County's most recently renovated magnet school. Literally a
stones throw from the East Fork Mine Creek Trail. Summerfield North
has an active community HOA that includes pool, tennis, live horse
drawn carriages & caroling at Christmas, luminaries, neighborhood
parades, special event parties and more. To join the HOA for this
property is voluntary-see HOA disclosure in documents. Freshly
Painted with new flooring through-out--Bright and Cheerful---Great
Floor Plan that includes large entry foyer, large family room with
fireplace, separate dining room, kitchen with a breakfast nook,
first floor master, and two good sized 2nd floor guest bedrooms.
Unit Size
1,764 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$255
Property Type
House
Property Taxes
$248
HOA Dues
$46
Year Built
1979
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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 #10005199)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by Allen Tate/Raleigh-Falls Neuse | $459,900 | |
| Listed by Allen Tate/Raleigh-Falls Neuse | |||
| | |||
|
Welcome to this lovely home in North Raleigh. Inviting rocking chair front porch. The interior has been freshly painted. The light and bright living room with fireplace leads to formal dining room. The desirable first floor primary suite features a walk in closet and easy access to laundry room. The refrigerator, washer and dryer will convey. Upstairs are two additional bedrooms. Enjoy the outdoors from the deck overlooking the fenced back yard. You are minutes from shopping, schools and restaurants. It's an easy commute to I-540, the airport and Research Triangle Park. The HVAC and water heater were replaced in 2024.
| |||
| Apr 4, 2024 | Sold | ||
| Sold | |||
| Jan 9, 2024 | Listed by Market-One Realty, LLC | $450,000 | |
| Listed by Market-One Realty, LLC | |||
| | |||
|
Charming Cape Cod with first floor master located in the much sought after Summerfield North community. Also includes a front porch to enjoy the views of one of the prettiest streets in North Raleigh. This home offers that desire of convenience living—less than 2 miles from Whole Foods and other grocery store options as well as the plethora of local shopping. Quick access to I-540, and Wake County's most recently renovated magnet school. Literally a stones throw from the East Fork Mine Creek Trail. Summerfield North has an active community HOA that includes pool, tennis, live horse drawn carriages & caroling at Christmas, luminaries, neighborhood parades, special event parties and more. To join the HOA for this property is voluntary—see HOA disclosure in documents. Freshly Painted with new flooring through-out--Bright and Cheerful---Great Floor Plan that includes large entry foyer, large family room with fireplace, separate dining room, kitchen with a breakfast nook, first floor master, and two good sized 2nd floor guest bedrooms.
| |||
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Building Info
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About North Raleigh
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Listed by: Philip Layton, Market-One Realty, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10005199
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10005199
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