$1,000,000
●
House -
Off Market
8913 Hometown Drive
Raleigh, NC 27615
4 Beds
3 Baths,
1
Half Bath
4,491 Ft²
$6,411
Est. Monthly
$115
HOA / Fees
1.79%
Cap Rate
About This Property
A gardener's dream home in wonderful North Raleigh location. The
rocking chair front porch says welcome. The light filled floor plan
with formal areas allows for easy entertaining or intimate
gatherings. The family room features a cozy fireplace, wet bar and
beautiful floor to ceiling window overlooking the picturesque back
yard. The kitchen has ample cabinet and counter space, center
island, 5 burner gas cooktop, newer appliances and pot rack.
Desirable 1st floor owners suite has a fireplace, spacious closet
and luxury bath. Enjoy game nights in the bonus room upstairs.
There is loads of storage throughout the house and cedar closet on
second floor. The back yard is filled with plants for seasonal
landscaping. The location is ideal with easy access to shopping,
restaurants, medical offices and more. This home has been well
maintained and is ready for you to move in!
Unit Size
4,491 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$256
Property Type
House
Property Taxes
$649
HOA Dues
$115
Year Built
1993
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Cap Rate Calculator
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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 #2542310)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2023 | Listed by Allen Tate/Raleigh-Falls Neuse | $1,150,000 | |
| Listed by Allen Tate/Raleigh-Falls Neuse | |||
| Nov 12, 2023 | No longer available | - | |
| No longer available | |||
| Nov 10, 2023 | No longer available | - | |
| No longer available | |||
| Oct 23, 2023 | Price Decreased |
$1,350,000
↓ $150K
(10%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Raleigh
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Listed by: Brian Wolborsky, Allen Tate/Raleigh-Falls Neuse
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2542310
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2542310
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