$538,000
●
House -
Off Market
8600 Erinsbrook Drive
Raleigh, NC 27617
4 Beds
2 Baths,
1
Half Bath
2,873 Ft²
$3,127
Est. Monthly
$125
HOA / Fees
4.25%
Cap Rate
About This Property
Updated BASEMENT home in desirable North Raleigh's Woodlawn
subdivision. 4 bed plus a BONUS/or 5th Bedroom & FLEX rooms!
1st Floor Owners Suite w/spa bath & WALK-IN closet.
Bright FRESHLY PAINTED open floor plan w/new LVP upstairs
bedrooms! The walk-out BASEMENT has a Rec room w/BUILT-INS & a FLEX
room-so many options here plus a HUGE storage room. PRIVATE
yard w/TWO DECKS, huge PATIO & lush landscaping. ROOF 2021.
Close to RDU, Brier Creek, RTP w/tons of shopping & dining.
HOA includes Community POOL & Tennis!
Unit Size
2,873 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$184
Property Type
House
Property Taxes
$399
HOA Dues
$125
Year Built
2001
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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 #10085380)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | Listed by Relevate Real Estate Inc. | $529,900 | |
| Listed by Relevate Real Estate Inc. | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 26, 2018 | Sold | ||
| Sold | |||
| Jul 15, 2018 | Listed | $359,990 | |
| Listed | |||
| | |||
|
Full BASEMENT home. Enjoy all the best NW Raleigh has to offer. Stroll around Brier Creek Commons shopping area and break for lunch at a Local Bakery or restaurant. Only a short drive to RTP and RDU. Beautiful– Light–Bright–Clean – Master down, 3 bedrooms & Bonus Room upstairs! Upgraded Kitchen with Glittering Quartz, Beautiful Hardwoods in downstairs living areas. Private wooded lot, Romantic evenings under the stars in your sparkling Hot Tub. This is the location and Lifestyle you've been waiting for! The manager has listed the unit size as 2813 square feet.
| |||
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Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Umstead
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Currently no similar homes aroundNearby Rentals
Listed by: Laura Van Leer Richardson, Relevate Real Estate Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10085380
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10085380
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