$610,000
●
House -
Off Market
1407 Carroll Street
Durham, NC 27707
3 Beds
2 Baths
1,200 Ft²
$28,635
Est. Monthly
-47.48%
Cap Rate
About This Property
Come check out the best house to hit the market in Downtown Durham
so far this Spring! Unparalleled opportunity in Forest Hills
to purchase this handsome modernist new construction designed
by local architect, Chad Wilkins. Enjoy the savviest small lot you
have ever seen. Enjoy off-street covered parking, ample basement
space, a large deck and a beautifully landscaped lot...and that's
before you set foot inside. Enter this treehouse of abundant light
and let your eyes feast on the custom cabinets, white oak
built-ins, marble counters, GE Cafe appliances, stylish fixtures,
site finished hardwood floors, smart storage and stunning tile.
Ample living space serves 3 bedrooms and 2 baths. Don't worry, the
stuff you can't see is just as good...things like spray foam
insulation, a large sealed crawlspace and impeccable craftsmanship
throughout make this home a slam dunk! Oh so easy to Forest Hills
park, Rockwood, Downtown, and Duke.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$499
Property Type
House
Property Taxes
$25,694
HOA Dues
-
Year Built
-
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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 #10082305)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Mar 14, 2025 | Listed by Nest Realty of the Triangle | $599,000 | |
| Listed by Nest Realty of the Triangle | |||
Property Highlights
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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# 10082305
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10082305
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