$445,020
●
House -
Off Market
1019 Red Wing Drive
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
1,924 Ft²
$2,778
Est. Monthly
$142
HOA / Fees
3.95%
Cap Rate
About This Property
Harlowe Point by Lennar. Minutes from RTP and Downtown
Durham! This listing is for the Chadwick home on site 120. Home is
fully framed re stage of construction and scheduled for February
2024 completion. Popular layout with traditional entry foyer,
large kitchen - tons of cabinet and counter space along with an
oversized pantry. The kitchen overlooks a combination great
room/dining area - which leads to your screened porch. Once
upstairs, the loft could be a home office or great reading area.
Owners retreat has a walk in closet and dual vanity bath with
oversized shower and water closet. 2 secondary bedrooms share
the hall bath. You get a proper laundry room.
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$233
Property Type
House
Property Taxes
$433
HOA Dues
$142
Year Built
-
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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 #2537897)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 29, 2024 | No longer available | - | |
| No longer available | |||
| Feb 28, 2024 | Sold | ||
| Sold | |||
| Oct 27, 2023 | Listed by Lennar | $455,020 | |
| Listed by Lennar | |||
| | |||
|
This two-story home boasts a great layout with the main level dedicated to shared living. An open layout flows from the entry to the kitchen with island, Great Room and dining area, then out to the back patio. On the second floor is a central loft surrounded by all three bedrooms including the lavish owner's suite. Optional upgrades available at select homesites. The manager has listed the unit size as 1924 square feet.
| |||
Property Highlights
Air Conditioning
Garage
Fireplace
Comparables
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Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Tucker Beck, Lennar Carolinas LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2537897
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2537897
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