$520,000
●
House -
Off Market
1511 Bellevue Avenue
Durham, NC 27705
3 Beds
2 Baths
1,535 Ft²
$2,963
Est. Monthly
3.77%
Cap Rate
About This Property
This 3 bedroom, 2 bath brick ranch is located across the street
from the 16th green of the Hillandale Golf Course. This very
private half acre lot in the city is truly a nature lovers' yard
with mature trees and many flowering bushes. The screened porch and
deck overlook the fenced back yard. Enjoy the beautiful view
of the 16th green from the living room which features oak floors
and a masonry fireplace. Solar panels were installed in 2018 which
help to lower energy costs. An energy Star roof was installed in
2011. Your cars will never need to be in the bad weather
again because the attached 2 car garage opens to the kitchen.
Unit Size
1,535 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$357
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1962
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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 #10022018)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Apr 8, 2024 | Listed by Marie Austin Realty Co. | $548,000 | |
| Listed by Marie Austin Realty Co. | |||
| | |||
|
This 3 bedroom, 2 bath brick ranch is located across the street from the 16th green of the Hillandale Golf Course. This very private half acre lot in the city is truly a nature lovers' yard with mature trees and many flowering bushes. The screened porch and deck overlook the fenced back yard. Enjoy the beautiful view of the 16th green from the living room which features oak floors and a masonry fireplace. Solar panels were installed in 2018 which help to lower energy costs. An energy Star roof was installed in 2011. Your cars will never need to be in the bad weather again because the attached 2 car garage opens to the kitchen.
| |||
| May 28, 2008 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Watts Hospital-Hillandale
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Joan Austin, Marie Austin Realty Co.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10022018
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10022018
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