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8325 Cannon Grove Drive
About This Property
The main level also includes a guest bedroom, while upstairs features a spacious owner's retreat with a beautifully appointed bath, two additional bedrooms, and a versatile bonus room. The finished third floor offers a private home office or flex space.
Enjoy engineered hardwood floors and plush, high-quality carpet with a Tempur-Pedic pad for added comfort. Outdoors, the .57-acre flat homesite is fully fenced and landscaped, with a detached shed, garden area & screened-in porch - perfectly for relaxing or entertaining.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 2, 2026 | Listed by English Realty Group, LLC | $575,000 | |
| Listed by English Realty Group, LLC | |||
| Dec 29, 2022 | Sold | ||
| Sold | |||
| Nov 19, 2022 | Listed by Coldwell Banker HPW | $499,999 | |
| Listed by Coldwell Banker HPW | |||
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ONLY 6 MIN. DRIVE TO HWY #540 BEING CONSTRUCTED -- NO CITY TAXES! -- over 1/2-ac. lot -- 4 bedrms (1 ON MAIN LEVEL) + office/flex + 3rd floor finished bonus -- generously-sized bedrooms -- spa-like Owner's bathroom -- neighborhood salt-water pool + neighborhood pond -- FULLY FENCED YARD w/storage shed -- play equipment remains -- granite - engineered hdwds -- SCREEN PORCH -- flat driveway w/plenty of rm. for basketball goal -- side-entry garage -- smooth ceilings -- white kitchen (loads of counterspace + cabinets + pantry) -- FRIDG REMAINS -- fireplace w/gas logs -- flex rm could be used as a bdrm (has a closet) but septic permit is only for 4 bdrms -- ENORMOUS FLAT LOT (over 1/2-acre) -- 25 min. drive to downtown Raleigh so it's not far!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017