$444,900
●
House -
Off Market
16 Drummond Court
Durham, NC 27713
3 Beds
2 Baths
1,347 Ft²
$449,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
This stunning one-level home is located in the highly sought-after
Woodlake subdivision! The bright, open & airy interior boasts new
engineered wide plank wood floors. One of the standout features of
this property is the amazing private and expansive two-level party
deck. With dimensions of 20 X 16 and 14.5 X 16, it provides ample
space for outdoor entertaining or relaxation. The deck is made of
new composite, maintenance-free decking with a projected 25-year
life. Additionally, there is a designated area supported for a hot
tub, perfect for unwinding after a long day! Other notable
features include a new roof installed in 2021, fresh landscaping in
the front yard, a goldfish pond & more! For entertainment
enthusiasts, the property is wired for surround sound. Conveniently
located just 5 minutes from RTP, Southpoint Mall, excellent shops,
& dining options. Downtown Durham, Duke, & UNC are all within a
15-minute drive. Woodlake residents enjoy access to a community
pool, fishing lake, clubhouse, workout equipment, playground and
scenic walking trails with benches around the lake and throughout
the neighborhood!
Unit Size
1,347 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$334
Property Type
House
Property Taxes
$256
HOA Dues
$32
Year Built
1996
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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 #2533650)
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Woodlake
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Listed by: Michele Marinelli, Long & Foster Real Estate INC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2533650
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2533650
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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