85 Drop Seed Lane
About This Property
Enjoy peace of mind with a brand-new roof, a freshly updated back deck, and a large lot perfect for outdoor gatherings or quiet evenings under the stars. The community itself offers an incredible lifestyle - residents enjoy access to all Fred Smith amenities, including multiple pools, fitness centers, and golf courses at LionsGate and Riverwood. The neighborhood also boasts its own private pool and a picturesque pond where you can relax or fish on a sunny afternoon.
Perfectly situated just 10 minutes from Flowers Plantation, 10 minutes from Downtown Smithfield, and only 30 minutes to Raleigh, this home offers the best of both worlds: small-town charm and convenient city access. Whether you're a first-time buyer or looking to downsize into a more manageable space, 85 Drop Seed Lane delivers elegance, practicality, and an unmatched community experience - a rare find in today's market.
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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 |
|---|---|---|---|
| Jan 8, 2026 | Sold | ||
| Sold | |||
| Dec 19, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2025 | Price Decreased |
$299,899
↓ $1
(0%) | |
| Price Decreased | |||
| Sep 25, 2025 | Price Decreased |
$299,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Aug 12, 2025 | Listed by United Real Estate Triangle | $304,900 | |
| Listed by United Real Estate Triangle | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017