1525 Acadia Street
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | Listed by Hodge&KittrellSothebysIntlRlty | $650,000 | |
| Listed by Hodge&KittrellSothebysIntlRlty | |||
| | |||
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Welcome to 1525 Acadia Street, Durham! This charming mid-century modern home, built in 1960, features 3 bedrooms and 2.5 bathrooms, including groovy 1960s pink and teal bathrooms. The classic brick exterior, newly installed roof and adorable new bridge in the front yard imbue this property with oodles of curb appeal.
The spacious sunken living room boasts hardwood floors, built-in bookshelves and a cozy wood-burning fireplace. The updated kitchen, featuring beautiful quartz countertops, leads to a breakfast room with a built-in entertainment center and another fireplace. The partially finished basement, complete with a half bathroom, laundry, and storage areas, awaits your creative touch.
Enjoy the outdoors in your fenced backyard with a lovely rear patio, or take in the view of Duke Park from your expansive front yard. The 36-foot long covered front porch, equipped with ceiling fans, offers a perfect spot to relax. Duke Park, located directly across the street, provides trails, a playground, picnic tables, and a dog run.
This home also offers a 1-car attached garage, an extensive driveway, and sits on a 0.327-acre lot. Its location provides easy access to nearby trails, including the Duke Park Trail, Pearl Mill Preserve, and Ellerbee Creek. Vibrant Downtown Durham, with its restaurants and nightlife, is only 2 miles away. Convenient access to Interstate 85 and Highway US-70 makes commuting a breeze. Additionally, the property is just 3 miles from Duke University, 10 miles from Research Triangle Park, and 15 miles from UNC-Chapel Hill, downtown Chapel Hill-Carrboro, and Raleigh-Durham International Airport.
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| Jun 2, 2020 | Sold | ||
| Sold | |||
| Apr 24, 2020 | Listed by Inhabit Real Estate | $449,900 | |
| Listed by Inhabit Real Estate | |||
| Oct 25, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017