$685,000
●
House -
Off Market
2106 Arrington Street
Durham, NC 27707
4 Beds
3 Baths,
1
Half Bath
2,241 Ft²
$3,985
Est. Monthly
3.37%
Cap Rate
About This Property
Discover your urban oasis in a prime location! This charming
mid-century brick and shaker home, nestled on the edge of Forest
Hills and Rockwood, is just a 5-minute drive from Downtown and an
8-minute stroll to all the vibrant ''Midtown'' hotspots.
This home seamlessly blends classic character with modern updates. Enjoy sun-filled rooms, original hardwoods, and timeless charm, complemented by an updated kitchen and a spacious screened porch where you'll spend most of your time! And the sunroom off of the kitchen offers 300 addt'l sqft.
The landscaped yard is a true retreat, featuring fountains, garden beds, mature trees, and a play set. The lower level is perfect for movie nights or can be transformed into an in-law suite or rental space. Additionally, the fourth bedroom, highlighted by large barn doors, offers a flexible space ideal for a home office.
This home seamlessly blends classic character with modern updates. Enjoy sun-filled rooms, original hardwoods, and timeless charm, complemented by an updated kitchen and a spacious screened porch where you'll spend most of your time! And the sunroom off of the kitchen offers 300 addt'l sqft.
The landscaped yard is a true retreat, featuring fountains, garden beds, mature trees, and a play set. The lower level is perfect for movie nights or can be transformed into an in-law suite or rental space. Additionally, the fourth bedroom, highlighted by large barn doors, offers a flexible space ideal for a home office.
Unit Size
2,241 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$325
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1951
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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 #10051074)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 21, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | In contract | - | |
| In contract | |||
| Nov 24, 2024 | Price Decreased |
$729,000
↓ $6K
(0.8%) | |
| Price Decreased | |||
| Oct 19, 2024 | Price Decreased |
$735,000
↓ $14K
(1.9%) | |
| Price Decreased | |||
| Oct 7, 2024 | Price Decreased |
$749,000
↓ $26K
(3.4%) | |
| Price Decreased | |||
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Property Highlights
Parking Available
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Closing Price
Sold On
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HOA + Taxes
About Forest Hills
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Listed by: Courtney Dunstan, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10051074
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10051074
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