$609,000
●
House -
Off Market
129 Tee Pee Trail
Durham, NC 27703
2 Beds
2 Baths
1,903 Ft²
$605,201
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
Move-in ready home located in desirable Carolina Arbors 55+
Community! Impeccably maintained Castle Rock floor plan with 2
bedrooms+office located off entryway+light-filled sunroom. Upgraded
kitchen including granite counters, gas range with vented hood,
roll outs in cabinets, huge island, walk-in pantry, extra
cabinet/bar space with sink and beverage fridge. Large primary
bedroom with upgraded flooring. Primary bath includes walk-in
shower, dual vanity, separate toilet room and linen closet. Primary
closet finished with custom built-ins. Secondary bedroom located
down front hallway. Guest bath includes a jetted tub. Oversized 2
car garage with overhead storage racks. Fenced backyard with
extended patio area. Incredible amenity center included in HOA!
Unit Size
1,903 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$320
Property Type
House
Property Taxes
$372
HOA Dues
$216
Year Built
2016
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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 #2523117)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2023 | Sold | ||
| Sold | |||
| Jul 23, 2023 | Listed by Long & Foster Real Estate INC/Stonehenge | $609,000 | |
| Listed by Long & Foster Real Estate INC/Stonehenge | |||
| Jun 30, 2021 | Sold | ||
| Sold | |||
| Apr 9, 2021 | Listed by Long & Foster Real Estate INC/Stonehenge | $450,000 | |
| Listed by Long & Foster Real Estate INC/Stonehenge | |||
| Nov 14, 2016 | Sold | ||
| Sold | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
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ft²
Price/ft²
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Listed On
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HOA + Taxes
About Durham
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Listed by: Jillian Zoe Horowitz, Long & Foster Real Estate INC/Stonehenge
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523117
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523117
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