Experience character and charm in this rare one-level home, nestled
on a stunning .93-acre lot in a prime North Raleigh location.
Tucked away at the end of a quiet dead-end road, this property
offers exceptional privacy and a peaceful, secluded atmosphere. The
inviting exterior features a covered wrap-around rocking-chair
front porch that enhances its enchanting curb appeal, while mature
landscaping beautifully frames the entire property. Several
expansive porches, including a screened porch, promote a seamless
indoor-outdoor flow, providing multiple distinct areas to entertain
guests, enjoy your morning coffee, or unwind in complete
tranquility. Well-appointed and meticulously maintained, featuring
custom details and remarkable craftsmanship throughout. The
spacious rooms strike a perfect balance between elegant formal
spaces and inviting casual living areas, offering flexibility for
various lifestyles. One of the home's most captivating features is
the expansive sunroom, which offers beautiful backyard views and a
seamless connection to the surrounding landscape. The property also
includes two large fireplaces-one wood-burning and one gas
log-adding to its overall allure. The home features bamboo wood and
ceramic tile flooring throughout. A 17x18 workshop sits adjacent to
the two-car side-entry garage. Abundant outdoor parking makes it
ideal for entertaining. This home offers total privacy without
sacrificing convenience, just minutes from shopping, dining,
schools, and major highways.
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.
Interior Features: Bookcases, Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, Granite Counters, Kitchen Island, Natural Woodwork, Pantry, Recessed Lighting, Walk-In Closet(s), Dual Closets, Primary Downstairs, Separate Shower, Smooth Ceilings, Walk-In Shower, Water Closet, Whirlpool Tub
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, ENERGY STAR Qualified Refrigerator, Gas Water Heater, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Washer
Flooring Type: Bamboo, Ceramic Tile, Hardwood
Laundry Features: Laundry Room, Main Level
Rooms: 8
Has Fireplace
Fireplace Features: Family Room, Gas, Kitchen, Masonry, Wood Burning
Fireplaces: 2
Exterior Details
Square Footage: 3000
Security Features: Security System
Architectural Style: Ranch, Traditional
Year Built: 1983
Building Area Total: 3000
Levels: One
Other Structures: Outbuilding, Workshop
Construction Materials: Wood Siding
Patio and Porch Features: Covered, Deck, Front Porch, Porch, Screened, Side Porch, Wrap Around
Lot Features: Back Yard, Front Yard, Garden, Landscaped, Private, Secluded
Lot Size Area: 0.93
Lot Size Units: Acres
Lot Size Acres: 0.93
Lot Size Square Feet: 40511
Water Source: Community Water
Financial Details
Tax Map Number: 22
Tax Assessed Value: $702,909
Tax Annual Amount: $4,656
Utilities Details
Cooling Type: Attic Fan, Ceiling Fan(s), Central Air
Heating Type: Electric, Forced Air, Heat Pump, Natural Gas
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