1011 Red Roses Avenue
About This Property
Inside, the home showcases refined finishes and thoughtful upgrades throughout. The open-concept layout centers around a spacious kitchen island topped with sleek quartz countertops, providing ample prep space and seating. The kitchen also features upgraded stainless steel appliances, ideal for home chefs who love to cook and entertain. Elegant crown molding enhances the first floor's clean lines and classic appeal, while the beautiful oak stair treads add warmth and durability.
The main living areas are outfitted with luxury vinyl plank flooring, offering a sophisticated look with easy maintenance. Each of the bathrooms features ceramic tile flooring, combining style with practicality for high-traffic areas.
This home is part of the Hanover Collection, known for versatile single-family home designs that suit a wide variety of lifestyles and family sizes. Residents enjoy exclusive access to community amenities designed to foster connection and outdoor living. These include scenic walking trails around the pond, a saltwater community pool, expansive green spaces, and a welcoming clubhouse perfect for gatherings and events. Even better, high-speed internet is included in the HOA dues-making remote work or streaming seamless and reliable.
Located just minutes from Downtown Durham, you'll have easy access to a vibrant mix of shopping, dining, and live entertainment. For even more convenience, Brier Creek Commons is less than five miles away. Commuters will appreciate the close proximity to Wake Forest Highway and US-70, placing Research Triangle Park within a 15-minute drive-making this home ideal for professionals seeking both comfort and convenience.
Don't miss your chance to live in one of Durham's most scenic and well-connected 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 24, 2025 | Sold | ||
| Sold | |||
| Sep 8, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Price Decreased |
$437,865
↓ $15K
(3.3%) | |
| Price Decreased | |||
| Apr 3, 2025 | Listed by Lennar Carolinas LLC | $452,865 | |
| Listed by Lennar Carolinas LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017