116 Lakeshore Drive
About This Property
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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%.
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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 16, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by Elms Lane LLC | $555,000 | |
| Listed by Elms Lane LLC | |||
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Here's the chance to live waterfront in Durham! Beautiful colonial style home overlooking Woodlake! This 3-bedroom, 2.5-bath home has character and charm. Hardwood floors throughout the entire first floor. The fireplace in the living room comes with a handsome wood mantle shelf. Patio doors lead directly to a huge deck that goes to the fenced backyard and the lake beyond. Granite and butcher block countertops adorn the eat-in kitchen, which has the best view with floor to ceiling windows bringing in the light and the backyard. High-quality water filtration system in the kitchen was installed in 2024. New dishwasher in 2025. The built-in shelves in the dining room are a great place for books and collections. Epoxy floor installed in the garage in 2021, and new water heater installed in 2020. Upstairs, the primary bedroom suite offers a sitting area and plenty of closets. The fenced backyard has a water irrigation system for landscaping. A 1.5-mile walking trail wraps around the lake and throughout the neighborhood. Half a mile away is the 6-mile trail in Woodcroft and the American Tobacco Trail. The community also offers a pool and clubhouse. It's a few minutes drive to Southpoint, I40, downtown Durham, American Tobacco Campus, and Chapel Hill. It's an ideal location with an amazing oasis in the backyard!
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| Apr 6, 2020 | Sold | ||
| Sold | |||
| Jul 28, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017