$1,142,000
●
House -
Off Market
1313 Kent Street
Durham, NC 27707
4 Beds
3 Baths
3,119 Ft²
$6,479
Est. Monthly
1.96%
Cap Rate
About This Property
If there ever was a timeless classic, this is it! Built in 1950,
the L. W. Wyche Horton house sits elegantly tucked away on over one
acre of gentlyrolling land in beautiful Forest Hills close to
downtown, yet a world away. Beautifully renovated in 2015, 1313
Kent offers style and function with impeccablydesigned details that
make life a joy for todays homeowner. High end appliances, stunning
brasserie-style open shelving, and primary bath with palatialshower
are just a few of the features. Most importantly, the layout is a
home-run! 3 full beds and 2 baths on the upper level with a guest
bed/office andanother inviting bath on the entry level. One of the
best things about the house is how beautifully scaled each of the
spaces are. Just the right squarefootage, masterfully allocated,
with expansive storage. Dreamy sunroom with slate floor has its own
private patio. Ample parking and 2 car garage are justthe cherry on
top. Come take a look and see for yourself!
Unit Size
3,119 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$385
Property Type
House
Property Taxes
$586
HOA Dues
-
Year Built
1950
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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 #10014556)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | Listed by Nest Realty of the Triangle | $1,200,000 | |
| Listed by Nest Realty of the Triangle | |||
| Oct 21, 2023 | No longer available | - | |
| No longer available | |||
| Sep 29, 2023 | Price Decreased |
$1,200,000
↓ $75K
(5.9%) | |
| Price Decreased | |||
| Aug 24, 2023 | Listed by 501 Realty LLC. | $1,275,000 | |
| Listed by 501 Realty LLC. | |||
| | |||
|
If there ever was a timeless classic, this is it! Built in 1950, the L. W. Wyche Horton house sits elegantly tucked away on over one acre of gently rolling land in beautiful Forest Hills close to downtown, yet a world away. Beautifully renovated in 2015, 1313 Kent offers style and function with impeccably designed details that make life a joy for todays homeowner. High end appliances, stunning brasserie-style open shelving, and primary bath with palatial shower are just a few of the features. Most importantly, the layout is a home-run! 3 full beds and 2 baths on the upper level with a guest bed/office and another inviting bath on the entry level. One of the best things about the house is how beautifully scaled each of the spaces are. Just the right square footage, masterfully allocated, with expansive storage. Dreamy sunroom with slate floor has its own private patio. Ample parking and 2 car garage are just the cherry on top. Come take a look and see for yourself! The manager has listed the unit size as 3119 square feet.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
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ft²
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About Forest Hills
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Listed by: Sam Poole, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10014556
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10014556
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