$546,000
●
House -
Off Market
1016 Wedgewood Lane
Durham, NC 27713
3 Beds
2 Baths
1,448 Ft²
$2,681
Est. Monthly
4.61%
Cap Rate
About This Property
Trying to wedge yourself into this inventory-lean market and coming
up short? This transitional home offers it all: huge private fenced
yard, wraparound covered porch, renovated interior with three
spacious bedrooms and two full baths, PLUS a detached carport with
workshop. The main floor includes a bedroom and full bath, plus and
L-open concept among the kitchen, dining room, and living room.
Quick access to Southpoint Mall, I40, NCCU plus loads of shopping
and restaurants but this place feels quiet and pastoral--off the
beaten path.
Unit Size
1,448 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$342
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1983
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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 #10033926)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | Listed by Inhabit Real Estate | $495,000 | |
| Listed by Inhabit Real Estate | |||
| | |||
|
Trying to wedge yourself into this inventory-lean market and coming up short? This transitional home offers it all: huge private fenced yard, wraparound covered porch, renovated interior with three spacious bedrooms and two full baths, PLUS a detached carport with workshop. The main floor includes a bedroom and full bath, plus and L-open concept among the kitchen, dining room, and living room. Quick access to Southpoint Mall, I40, NCCU plus loads of shopping and restaurants but this place feels quiet and pastoral--off the beaten path.
| |||
| Apr 4, 2022 | Sold | ||
| Sold | |||
| Aug 15, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed by Inhabit Real Estate | $199,500 | |
| Listed by Inhabit Real Estate | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
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ft²
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Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Carpenter-Fletcher
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Currently no similar homes aroundNearby Rentals
Listed by: Tammi Brooks, Inhabit Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10033926
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10033926
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