$432,900
●
House -
Off Market
1101 Red Wing Drive
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
1,924 Ft²
$2,685
Est. Monthly
$142
HOA / Fees
4.13%
Cap Rate
About This Property
The Chadwick home by Lennar in Harlowe Point. Great location
right off Mineral Springs rd - convenient access to RTP, highways,
and downtown Durham. Great location within the community.
Home backs up a private area w/ nice views. The
Chadwick offers a great layout with the kitchen as the hear of the
main floor. Lots of counter and cabinet space. The walk in
pantry is right off the entrance from the garage. Tons of windows
on the back of the home ensure great natural light. The 2nd
floor has a loft that separates the secondary bedrooms from the
very spacious owners retreat. Owner's bath has dual vanity,
water closet, and oversized shower. You have proper laundry
room off the 2nd floor hall. Secondary beds share the hall
bath. Great interior features w/ fireplace in the family
room, quartz kitchen counters, flush mount lighting throughout and
plenty of pre-wires so you can add your own fixtures.
Electric Car? We thought of that too with a 240 V connection
in your garage! Buy now for March completion.
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$225
Property Type
House
Property Taxes
$417
HOA Dues
$142
Year Built
-
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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 years ago (TMLS #2541023)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2023 | Listed by Lennar Carolinas LLC | $432,900 | |
| Listed by Lennar Carolinas LLC | |||
Property Highlights
Air Conditioning
Garage
Fireplace
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: Tucker Beck, Lennar Carolinas LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2541023
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2541023
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