107 Monterey Lane
About This Property
The home is filled with natural light and offers two downstairs living spaces-an open floorplan entertaining space and a cozy private den. The house has been thoughtfully updated from top to bottom. The 2025 kitchen cabinets and island are a bright heart of the home with sleek fronts, large farmhouse sink, pantry, and updated appliances. Oak floors run through all upstairs and downstairs living spaces, ceilings are smooth... even the stair railing has been updated! No stone was left unturned.
Upstairs, all four bedrooms offer comfortable, functional space and all bathrooms have been renovated for maximum functionality and style. The primary ensuite features 3 closets, dual sinks, and walk-in shower.
Other updates include replaced front windows, new roof 2026, siding painted and sealed in 2021, and a 2021 driveway replacement. A separate utility room inside and shed outside add extra convenience and storage
Out back, the screened porch and patio overlook one of the best yards in Parkwood--flat, grassy, and private! There is even a peek-a-boo lake view from the front porch! All of this in an unbeatable South Durham location with quick access to Southpoint, RTP, Hwy 55, 540, shopping, dining, and more. This one is special!
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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 |
|---|---|---|---|
| Jun 18, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Listed by Coldwell Banker Advantage | $499,999 | |
| Listed by Coldwell Banker Advantage | |||
| Jun 28, 2016 | Sold | ||
| Sold | |||
| Apr 17, 2016 | Listed by Coldwell Banker Advantage | $205,000 | |
| Listed by Coldwell Banker Advantage | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017