2027 October Drive
About This Property
Step inside to fresh paint throughout (2025) and brand-new carpet on the 2nd and 3rd floors (2025), making this home feel crisp, modern, and move-in ready. The open-concept first floor is perfect for entertaining, featuring a cozy fireplace and abundant storage. The chef's kitchen boasts granite countertops, ample cabinetry, a gas stove, and a spacious walk-in pantry-ideal for all your culinary needs!
Upstairs, the primary suite is a true retreat with a soaking tub and a convenient second-floor laundry room. The third floor offers incredible flexibility with a private bedroom, walk-in closet, and a large bathroom (3rd floor bathroom is un-permitted but included in overall square footage)-perfect as a guest suite, loft, or additional office/entertainment space.
Step outside to a private backyard that backs up to a lush HOA-maintained green space, offering a peaceful setting with no direct rear neighbors. The two-car garage includes an electric vehicle charger, adding modern convenience. Plus, residents of Hanover Pointe enjoy fantastic community amenities, including a swimming pool and (2) playgrounds.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Feb 7, 2025 | Listed by Compass -- Cary | $450,000 | |
| Listed by Compass -- Cary | |||
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Welcome to 2027 October Drive, this beautifully updated 4-bedroom, 3.5-bath home in the sought-after Hanover Pointe community—just 10 minutes from RTP, Brier Creek, and downtown Durham!
Step inside to fresh paint throughout (2025) and brand-new carpet on the 2nd and 3rd floors (2025), making this home feel crisp, modern, and move-in ready. The open-concept first floor is perfect for entertaining, featuring a cozy fireplace and abundant storage. The chef's kitchen boasts granite countertops, ample cabinetry, a gas stove, and a spacious walk-in pantry—ideal for all your culinary needs!
Upstairs, the primary suite is a true retreat with a soaking tub and a convenient second-floor laundry room. The third floor offers incredible flexibility with a private bedroom, walk-in closet, and a large bathroom (3rd floor bathroom is un-permitted but included in overall square footage)—perfect as a guest suite, loft, or additional office/entertainment space.
Step outside to a private backyard that backs up to a lush HOA-maintained green space, offering a peaceful setting with no direct rear neighbors. The two-car garage includes an electric vehicle charger, adding modern convenience. Plus, residents of Hanover Pointe enjoy fantastic community amenities, including a swimming pool and (2) playgrounds.
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| Jun 27, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017