$495,000
●
House -
Off Market
2022 Magnolia Tree Lane
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
2,137 Ft²
$2,807
Est. Monthly
$58
HOA / Fees
3.96%
Cap Rate
About This Property
Welcome to this amazing home with an abundance of space! Open
floor plan boasts a generous living room with soaring ceilings and
incredible natural light. The kitchen offers excellent counter and
cabinet space for cooking and entertaining, and don't miss the
walk-in pantry. The separate dining area is out of this world.
Tucked away off the kitchen is a flex space ideal for an
at-home office. Enjoy the view from the sunroom overlooking the
spacious fenced backyard. The primary bedroom and bath create a
desirable place to relax. The second floor features two more
sizable bedrooms. Community amenities include pool and
playground! Conveniently located near RTP, Downtown Durham, 147 and
shopping.
Unit Size
2,137 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$234
Property Type
House
Property Taxes
$294
HOA Dues
$58
Year Built
2017
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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 #10043559)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | Listed by Nest Realty of the Triangle | $499,900 | |
| Listed by Nest Realty of the Triangle | |||
| | |||
|
Welcome to this amazing home with an abundance of space! Open floor plan boasts a generous living room with soaring ceilings and incredible natural light. The kitchen offers excellent counter and cabinet space for cooking and entertaining, and don't miss the walk-in pantry. The separate dining area is out of this world. Tucked away off the kitchen is a flex space ideal for an at-home office. Enjoy the view from the sunroom overlooking the spacious fenced backyard. The primary bedroom and bath create a desirable place to relax. The second floor features two more sizable bedrooms. Community amenities include pool and playground! Conveniently located near RTP, Downtown Durham, 147 and shopping.
| |||
| Jul 5, 2022 | Sold | ||
| Sold | |||
| Jun 2, 2022 | Listed by Nest Realty of the Triangle | $475,000 | |
| Listed by Nest Realty of the Triangle | |||
| Nov 29, 2018 | Listed by Non Member Office | $281,323 | |
| Listed by Non Member Office | |||
| | |||
|
For Comp Purposes Only
| |||
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Property Highlights
Garage
Air Conditioning
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 Ed Cook
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Listed by: Gina Crouse, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043559
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043559
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