1009 Spruce Street
About This Property
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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 |
|---|---|---|---|
| May 23, 2024 | Sold | ||
| Sold | |||
| Apr 1, 2024 | Listed by Cineron Realty | $435,000 | |
| Listed by Cineron Realty | |||
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Nestled in the heart of Old East Durham, this captivating craftsman-style residence exudes classic charm with modern comforts. Boasting three bedrooms and two full baths, this gem occupies an expansive, fully fenced lot adorned with an extended driveway, a powered workshop, storage shed, and a incredible deck/fire pit area, tailor-made for hosting gatherings. The built-in grilling area is sure to be a hit with friends and neighbors!
On your tour, you'll discover a freshly updated interior, featuring an inviting open floor plan, warm hardwood floors, a spacious living and dining area, and a meticulously designed kitchen featuring quartz counters and convenient bar seating. Abundant natural light shines throughout the space, accentuating the decorative trim and expansive molding throughout. Stainless steel kitchen appliances included!
The generous master suite features a perfectly sized bedroom and a fully updated ensuite bath, complete with a walk-in shower.
This home has been impeccably maintained, with numerous recent updates to ensure your peace of mind. A new roof was installed in 2020, while the HVAC system, windows, and doors were all upgraded in 2022. Fresh interior paint in 2023 adds a touch of vibrancy to the space. The 2019 tankless gas water heater promises energy-efficient hot water for years to come.
Seize the opportunity to make this sought-after residence your own in one of Durham's most desirable neighborhoods. You won't find a home with such unique charm, modern features, and recent updates anywhere else!
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| Oct 1, 2019 | Sold | ||
| Sold | |||
| Mar 14, 2019 | Sold | ||
| Sold | |||
| Sep 27, 2015 | Listed by Coldwell Banker Advantage | $119,000 | |
| Listed by Coldwell Banker Advantage | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017