$490,000
●
House -
Off Market
1908 Southgate Street
Durham, NC 27703
4 Beds
3 Baths,
1
Half Bath
2,384 Ft²
$529,199
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
******VALUE******IMMACULATE New Construction just minutes from Duke
University and all that downtown Durham has to offer. Easy access
to I-85, I-885, NC-147 and US-70. This home provides an open
concept with a large downstairs office for new age workspace,
primary bedroom downstairs and 4th large upstairs bedroom/bonus
room! This home offers an exquisite kitchen that has a multitude of
Soft Close Shaker style cabinets, 2 pantries, gas cooktop &
brand-new SS appliances! Home features upgrades such as quartz
countertops and beautiful tile in the Primary Bath. Living area has
a cozy gas fireplace. Bedrooms are spacious. The Primary BR located
on the main floor, has a large walk-in closet, walk-in shower,
rainfall shower head & freestanding tub. This home also offers an
immense backyard & extended driveway! This captivating spacious
home is a Must-See! NO RENTAL RESTRICTIONS
Unit Size
2,384 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$210
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1920
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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 #2483879)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2023 | Sold | ||
| Sold | |||
| Nov 12, 2022 | Listed by Agent Group Realty | $499,900 | |
| Listed by Agent Group Realty | |||
| Oct 29, 2022 | No longer available | - | |
| No longer available | |||
| Oct 7, 2022 | Price Decreased |
$573,900
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Sep 14, 2022 | Price Decreased |
$574,900
↓ $24K
(4%) | |
| Price Decreased | |||
Show More
Property Highlights
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 East Durham
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Listed by: Alicia Barnes, Agent Group Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2483879
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2483879
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