$480,000
●
House -
Off Market
2 Trescott Drive
Durham, NC 27703
4 Beds
3 Baths,
1
Half Bath
3,202 Ft²
$2,689
Est. Monthly
$62
HOA / Fees
5.41%
Cap Rate
About This Property
More than a home, it's a lifestyle! Welcome to the suburban sprawl
known as Grove Park. Enjoy luxury amenities, and convenience. This
highly sought after community boasts Basketball and tennis courts,
which also includes a pickleball court , swimming pool,
24-hour fitness center, volleyball pit, playground and boat
ramp.
Enjoy natural sunlight pouring into your kitchen through large picture windows, or enhance your library in your elegant office. You'll find sanctuary at home in any room including the garage which has heat and A/C access. This four bedroom home offers versatility and tradition, with generous room sizes. Many spaces for entertaining inside or out. Stop your search! This home checks all the boxes and beyond. Seller offering buyer concession for upgrades. **Preferred lender incentive with UHM
Enjoy natural sunlight pouring into your kitchen through large picture windows, or enhance your library in your elegant office. You'll find sanctuary at home in any room including the garage which has heat and A/C access. This four bedroom home offers versatility and tradition, with generous room sizes. Many spaces for entertaining inside or out. Stop your search! This home checks all the boxes and beyond. Seller offering buyer concession for upgrades. **Preferred lender incentive with UHM
Unit Size
3,202 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$150
Property Type
House
Property Taxes
$270
HOA Dues
$62
Year Built
1990
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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: 3 years ago (TMLS #10048223)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2024 | Listed by The M Homes Group | $480,000 | |
| Listed by The M Homes Group | |||
| Dec 23, 2023 | No longer available | - | |
| No longer available | |||
| Dec 1, 2023 | Price Decreased |
$465,000
↓ $15K
(3.1%) | |
| Price Decreased | |||
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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
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 Grove Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Monica Boswell, The M Homes Group
Last Updated: 3 years ago
Data Source: TMLS, MLS# 10048223
Last Updated: 3 years ago
Data Source: TMLS, MLS# 10048223
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