$300,000
●
House -
Off Market
117 Gladstone Drive
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
1,570 Ft²
$1,656
Est. Monthly
$12
HOA / Fees
7.06%
Cap Rate
About This Property
Welcome to this beautiful home nestled on a desirable corner lot
with a spacious backyard. The first floor offers a warm and
inviting layout, featuring a bright family room and a dedicated
dining area. The kitchen, complete w/ a charming breakfast nook, is
an ideal space for gathering and creating memorable meals.
Upstairs, enjoy a spacious primary suite w/ a walk-in closet and private en suite bath, accompanied by two additional bedrooms and a full bathroom. Natural light fills the home, highlighting its comfortable living spaces and well-designed layout. Outside, a welcoming front sitting porch and additional storage at the rear add thoughtful functionality to the home.
Don't miss the chance to make this beautiful home yours!
Upstairs, enjoy a spacious primary suite w/ a walk-in closet and private en suite bath, accompanied by two additional bedrooms and a full bathroom. Natural light fills the home, highlighting its comfortable living spaces and well-designed layout. Outside, a welcoming front sitting porch and additional storage at the rear add thoughtful functionality to the home.
Don't miss the chance to make this beautiful home yours!
Unit Size
1,570 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$191
Property Type
House
Property Taxes
$171
HOA Dues
$12
Year Built
2000
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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 #10113476)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Aug 17, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Listed by Hampton & Company Real Estate | $300,000 | |
| Listed by Hampton & Company Real Estate | |||
| Jul 11, 2025 | Listed | $305,000 | |
| Listed | |||
| | |||
|
So much to love about this gem!
3-bedroom, 2.5-bath home perfectly situated on a desirable corner lot. Step inside to find a cozy fireplace in the living room, creating the perfect setting for relaxing evenings. A neutral color palette throughout the home adds a touch of simple elegance and makes it easy to personalize.
Upstairs, you'll find all three bedrooms, including a spacious primary suite featuring a walk-in closet, private bath. There is an abundance of natural light—giving the entire home a bright and peaceful feel.
Enjoy the outdoors with a large yard, ideal for entertaining, gardening, or play. The low-maintenance vinyl siding offers curb appeal with easy upkeep.
| |||
| Jul 3, 2003 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ridgewood
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Listed by: Patricia Gillespie Hampton, Hampton & Company Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10113476
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10113476
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