• • • OVERVIEW • • • Welcome to 203 Musket Lane, a beautifully
updated 6-bedroom, 3-bath home with 3,159 square feet on a
0.53-acre lot, one of the largest in The Colony at American
Village. Tucked into a quiet interior double cul-de-sac with no
through traffic, the property offers an unusual combination of
space and privacy, including a partly wooded backyard with a mature
forest grove. Duke Forest is directly adjacent to the neighborhood,
with Duke University just minutes away and an easy commute to
UNC-Chapel Hill. • • • INTERIOR • • • Hardwood floors, high
ceilings, crown molding, updated lighting, and abundant natural
light create a bright, welcoming interior. The spacious family room
with gas-log fireplace opens to the kitchen and breakfast area,
featuring granite countertops, a center island, stainless
appliances, gas cooking, pantry storage, and double ovens,
including one convection oven. A separate dining room provides
additional space for meals and entertaining. • • • FLOOR PLAN • • •
The flexible floor plan includes five bedrooms upstairs and a
separate bonus room, plus a first-floor bedroom with walk-in closet
that can also function as an office, playroom, game room, or gym.
The generous primary suite features a vaulted ceiling, large
walk-in closet, dual vanity, soaking tub, and an updated bath with
new tile and a frameless glass shower. • • • UPDATES • • • Major
improvements include cabinetry throughout the kitchen and all three
bathrooms refinished in 2018; a new roof and new deck flooring in
2020; HVAC systems replaced in 2020 and 2022; original main-level
hardwood floors refinished in 2022, with hardwood installed that
year in the first-floor bedroom and throughout the second level;
new primary bath tile and shower in 2022; a new washing machine in
2023; a new dishwasher in 2025; and new stair carpet, front porch
railing, and deck railings in 2026. • • • OUTDOOR LIVING • • • The
fenced backyard is one of the property's standout features, with
mature landscaping, substantial open space, and a secluded grove of
mature hardwood trees that provides unusual privacy for a
neighborhood setting. The deck receives abundant natural shade for
much of the day, with an easily removable seasonal canopy for
additional late-afternoon shade and a natural-gas grill hookup. A
Gorilla Empire Extreme playset features three elevated play levels,
three slides, monkey bars, swings, climbing features, and a bridge
and tower. Installed in 2021, it was custom painted and shingled to
coordinate with the house. The covered front porch provides another
inviting outdoor space. • • • PARKING & STORAGE • • • Parking and
storage are unusually generous, with an attached 2-car garage
offering extensive lofted storage plus three independent paved
outdoor parking spaces, including a side parking pad. Inside, the
home offers four walk-in closets plus multiple additional closets,
along with a pull-down attic and large backyard shed. Garage entry
is directly adjacent to the kitchen for easy grocery unloading and
convenient access to additional refrigerator or freezer storage. A
dedicated main-level laundry room off the kitchen provides
substantial overflow storage for countertop kitchen appliances,
pantry items, and household supplies. • • • LOCATION • • • The
neighborhood is adjacent to Duke Forest with miles of scenic
trails. American Village Park, connected to the neighborhood by an
off-street pedestrian nature path, is scheduled for a comprehensive
city-planned playground renovation beginning October 2026. • • •
INSPECTION • • • A September 2026 pre-listing home inspection is
available for review.
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.
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