$2,050,000
●
House -
Off Market
1010 Homer Street
Durham, NC 27707
5 Beds
4 Baths,
2
Half Baths
6,602 Ft²
$11,830
Est. Monthly
1.13%
Cap Rate
About This Property
1010 Homer Street is a neoclassical architectural gem by George
Watts Carr, a key figure in Durham's early 20th-century
architecture. Originally for Mr. and Mrs. William Muirhead, the
residence boasts flawless symmetry, premium materials, and advanced
construction techniques. Inside, natural light floods through
multiple French doors, connecting indoor and outdoor spaces and
highlighting a flagstone terrace with seasonal perennials. The home
features a versatile basement retreat, a charming third-floor guest
suite with a vintage kitchenette, two laundry areas, a gorgeous
primary bath, and a three-car garage designed by Ellen Cassilly.
This residence epitomizes refined elegance and modern living,
making it one of Durham's most distinguished treasures.
Unit Size
6,602 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$333
Property Type
House
Property Taxes
$1,028
HOA Dues
-
Year Built
1938
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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 #10035586)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | Listed by Urban Durham Realty | $2,200,000 | |
| Listed by Urban Durham Realty | |||
| | |||
|
1010 Homer Street is a neoclassical architectural gem by George Watts Carr, a key figure in Durham's early 20th-century architecture. Originally for Mr. and Mrs. William Muirhead, the residence boasts flawless symmetry, premium materials, and advanced construction techniques. Inside, natural light floods through multiple French doors, connecting indoor and outdoor spaces and highlighting a flagstone terrace with seasonal perennials. The home features a versatile basement retreat, a charming third-floor guest suite with a vintage kitchenette, two laundry areas, a gorgeous primary bath, and a three-car garage designed by Ellen Cassilly. This residence epitomizes refined elegance and modern living, making it one of Durham's most distinguished treasures.
| |||
| Jan 29, 2016 | Sold | ||
| Sold | |||
| Mar 14, 2015 | Listed by Urban Durham Realty | $895,000 | |
| Listed by Urban Durham Realty | |||
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 Forest Hills
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Currently no similar homes aroundNearby Rentals
Listed by: Mary R Hunter, Urban Durham Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10035586
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10035586
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