$302,000
●
Land -
Off Market
1343 Ellis Road
Durham, NC 27703
Studio
0 Bath
$532,486
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
8+ acres of land that has the potential of subdividing or building
another house. Access to back of property at the end of Carywood
Drive. House is full of antique touches plus large front
porch & deck * kitchen has farm & industrial size sinks, built in
cabinets * Master has heart pine floors, vaulted ceiling, walk in
cedar closet * Master bath has marble floors & farm sink * Dining,
Living Room & Bedroom has built in shelves * Super sized sunroom
overlooks pond. See residential listing MLS #2132313
Unit Size
-
Days on Market
-
Land Size
8.29 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1920
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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 #2134556)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2023 | Sold | ||
| Sold | |||
| Nov 1, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $335,000 | |
| Listed | |||
| | |||
|
Awesome home on 8+ acres, chocked full of antique touches * Large front porch *Kitchen has farm & industrial size sinks, built in cabs & refrigerator * Master has heart pine floors, cathedral ceiling & walk in cedar closet * Master Bath has marble floors & farm sink * Built in shelving also in dining room & bedroom * Super sized sunroom overlooks pond & 8 acres of land that has potential of subdividing. Access to back of property at the end of Carywood Dr. Call Julie Soles for more info at 919-317-1115!The manager has listed the unit size as 1672 square feet.
| |||
| Jun 15, 2017 | Listed by Seagroves Realty | $335,000 | |
| Listed by Seagroves Realty | |||
| Jun 5, 2017 | Listed by Seagroves Realty | $335,000 | |
| Listed by Seagroves Realty | |||
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Property Highlights
Building Info
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About Durham
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Listed by: Julie H Soles, Seagroves Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2134556
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2134556
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