$385,000
●
House -
In Contract
1042 Spacious Skies Lane
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
1,925 Ft²
$2,380
Est. Monthly
$150
HOA / Fees
About This Property
Welcome to 1042 Spacious Skies Lane, a beautifully maintained home
situated in the desirable Hanover Pointe community. Step inside and
enjoy the natural light, vaulted ceilings, and a seamlessly
connected open floor plan where the kitchen and dining areas
overlook a spacious living room. Cozy up on fall mornings in front
of the gas fireplace or step outside to your private, fully fenced
backyard. The second floor boasts a generous primary suite
serving as a true retreat, complete with custom-built closet
shelving and a private ensuite bath. Two additional bedrooms offer
ample space for family, guests, or a home office. Enjoy the
attached two-car garage, providing great storage and functionality.
Beyond the home, residents enjoy neighborhood amenities including a
community pool and playground. Perfectly positioned for an
effortless commute, just 10 minutes from all the offerings of
Downtown Durham and Brier Creek, with quick access to RTP. Don't
miss this great opportunity! Listing Photos show a digitally added
flame effect (AI generated) in living room fireplace; this is not a
representation of fireplace functionality.
Unit Size
1,925 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$200
Property Type
House
Property Taxes
$339
HOA Dues
$150
Year Built
2015
Listed By
Kelsey Kearney
Allen Tate / Durham
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Cap Rate Calculator
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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 months ago (TMLS #10193207)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 17, 2026 | Listed by Howard Hanna Allen Tate Durham | $385,000 | |
| Listed by Howard Hanna Allen Tate Durham | |||
| Dec 15, 2016 | Sold | ||
| Sold | |||
| Nov 2, 2016 | Listed by Howard Hanna Allen Tate Durham | $234,900 | |
| Listed by Howard Hanna Allen Tate Durham | |||
| Sep 24, 2015 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage, Garage Faces Front
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Flooring Type: Carpet, Tile, Wood
Laundry Features: Laundry Room, Upper Level
Rooms: 8
Has Fireplace
Fireplace Features: Family Room, Gas Log
Fireplaces: 1
Exterior Details
Square Footage: 1925
Architectural Style: Transitional
Year Built: 2015
Building Area Total: 1925
Levels: One and One Half
Construction Materials: Brick, Vinyl Siding
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Lot Size Square Feet: 4356
Water Source: Public
Financial Details
Tax Assessed Value: $409,978
Tax Annual Amount: $4,064
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Maintenance Grounds, Playground, Pool
HOA Fee: $150
HOA Fee Frequency: Quarterly
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 Durham
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Listed by: Kelsey Kearney, Howard Hanna Allen Tate Durham
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10193207
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10193207
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