108 Old Mill Place
About This Property
The main level offers 10-ft ceilings, a private study, and a show-stopping primary suite that features a double-sided fireplace, a gorgeous bathroom with split vanities, dual shower heads and free-standing tub, and a custom closet. The open living area is ideal for entertaining, showcasing a double-sided gas fireplace and a triple slider that opens to a screened porch and patio.
The gourmet kitchen impresses with vaulted ceilings and stained beams, custom cabinetry, quartz counters with waterfall edge, apron sink, pot filler, wine and beverage fridges, Electrolux stainless appliances, and a spacious dining area.
Upstairs offers three bedrooms, two baths, a large bonus room with built-ins and a walk-in unfinished attic. Conveniently located minutes to Downtown Durham and Duke Hospital, with easy access to RDU and Chapel Hill. Optional golf, racquet, and swim memberships available at nearby Croasdaile Country Club. Video Walkthrough: https://bit.ly/108OldMill-Tour
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Mar 30, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Price Decreased |
$1,500,000
↓ $99K
(6.2%) | |
| Price Decreased | |||
| Mar 11, 2026 | Price Decreased |
$1,599,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Feb 5, 2026 | Listed by Keller Williams Elite Realty | $1,600,000 | |
| Listed by Keller Williams Elite Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017