$526,990
●
House -
In Contract
1025 Gemstone Way
Durham, NC 27703
5 Beds
4 Baths
2,881 Ft²
$2,696
Est. Monthly
$108
HOA / Fees
About This Property
This new two-story home design combines comfort and style. An
open-plan layout connects the kitchen, dining area and Great Room,
which features a door providing direct access to the screened porch
and patio. In a private corner is the guest suite, well-suited to
accommodating both overnight visitors and family members. Centrally
located on the top floor is a spacious loft for additional shared
living space, surrounded by three secondary bedrooms and the
sprawling owner's suite.
Unit Size
2,881 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$183
Property Type
House
Property Taxes
-
HOA Dues
$108
Year Built
-
Listed By
Derrick Spencer
Lennar Carolinas LLC
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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: 3 months ago (TMLS #10169934)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2026 | Listed by Lennar Carolinas LLC | $526,990 | |
| Listed by Lennar Carolinas LLC | |||
Property Highlights
Garage
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Crown Molding, Double Vanity, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Walk-In Closet(s), Quartz Counters, Walk-In Shower
Appliances: Built-In Gas Range, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Tankless Water Heater, Washer
Flooring Type: Carpet, Luxury Vinyl, Tile
Rooms: 9
Exterior Details
Square Footage: 2881
Architectural Style: Traditional
Year Built: 2026
Builder Name: Lennar
Builder Model: Nelson
Building Area Total: 2881
Levels: Two
Construction Materials: Stone Veneer, Vinyl Siding
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5662.8
Water Source: Public
Utilities Details
Cooling Type: Dual
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Internet
HOA/Condo/Coop Amenities: Cabana, Dog Park, Park, Playground, Pool
HOA Fee: $108
HOA Fee Frequency: Monthly
Comparables
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Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
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HOA + Taxes
About Durham
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Listed by: Derrick Spencer, Lennar Carolinas LLC
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10169934
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10169934
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