$400,000
●
House -
Off Market
1518 Mason Road
Durham, NC 27712
3 Beds
2 Baths,
1
Half Bath
1,588 Ft²
$2,293
Est. Monthly
About This Property
Surrounded by green views and natural light, 1518 Mason Road
provides peaceful living on almost an acre of land. With so many
updates, you'll enjoy the modern bright Cape Cod style home.
What's not to love? Downstairs, new kitchen appliances and
island, details in the dining room/office, fireplace in the living
room and a spacious deck, Upstairs, three bedrooms with two updated
bathrooms and great views. And outside? Perfect trees for a
hammock, front and backyard views, lawn to play in, fire pit, wired
and working electric in the work shed, a plum tree and a backyard
garden.
Location? Out of the city and relaxed. Weekend coffee on the farm or hiking at the Eno. BUT... close to the new Publix, downtown Durham (15 min) and the highways. Updates include: a new roof, new water well liner, filtration, sanitizer and pump, recessed lighting and more!
Location? Out of the city and relaxed. Weekend coffee on the farm or hiking at the Eno. BUT... close to the new Publix, downtown Durham (15 min) and the highways. Updates include: a new roof, new water well liner, filtration, sanitizer and pump, recessed lighting and more!
Unit Size
1,588 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$268
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
1985
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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: 6 months ago (TMLS #10153987)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Nest Realty of the Triangle | $425,000 | |
| Listed by Nest Realty of the Triangle | |||
| May 24, 2022 | Sold | ||
| Sold | |||
| Apr 27, 2022 | Listed by Nest Realty of the Triangle | $350,000 | |
| Listed by Nest Realty of the Triangle | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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About Durham
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Listed by: Carolyn Kinneen, Nest Realty of the Triangle
Last Updated: 6 months ago
Data Source: TMLS, MLS# 10153987
Last Updated: 6 months ago
Data Source: TMLS, MLS# 10153987
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