1002 Red Roses Avenue
About This Property
Step inside to find a true gourmet kitchen featuring a gas cooktop with a sleek stainless steel chimney-style hood, built-in wall oven and microwave, designer cabinetry, quartz countertops, and a custom tile backsplash that adds a modern flair. The main living areas feature elegant crown molding throughout the first floor, along with oak stair treads and luxury vinyl plank flooring for durability and style.
Designed with convenience and luxury in mind, the home includes two walk-in tiled showers-one in the first-floor guest bathroom and another in the spacious owner's suite, which also includes a dual vanity and walk-in closet. A third full bathroom features its own double vanity, perfect for additional guests or family members. Additional upgrades include tile flooring in all bathrooms, a laundry room with sink, and an energy-efficient tankless water heater.
Located within the prestigious Summit Collection at the master-planned Triple Crown community in Durham, NC, residents enjoy access to a wide range of resort-style amenities, including scenic walking trails surrounding a serene pond, a saltwater swimming pool, lush green spaces, and a beautifully designed clubhouse. High-speed internet is included in the HOA dues, adding even more value.
Ideally situated just minutes from Downtown Durham, you'll find upscale shopping, dining, and entertainment options at your fingertips. Enjoy the convenience of being less than 5 miles from Brier Creek Commons, and with easy access to Wake Forest Highway and US-70, you're just a 15-minute drive to Research Triangle Park, offering one of the most dynamic employment hubs in the region.
Don't miss this opportunity to own a luxury home in one of Durham's most desirable new communities!
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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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Aug 15, 2025 | Listed by Lennar Carolinas LLC | $487,990 | |
| Listed by Lennar Carolinas LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017