$190,600
●
House -
Off Market
211 Cool Spring Road
Durham, NC 27713
3 Beds
2 Baths
1,747 Ft²
$1,308
Est. Monthly
About This Property
Investor / Flipper alert -- Gem in need of love just minutes to
Southpoint in South Durham! Built in 1965, this 4 bedroom ranch has
a large bonus space/den, and an attached workshop. Hardwoods in
living, hallway and bedrooms. Home sits on 0.59a of secluded land
peppered with mature trees. Sand filter septic. Well unknown;
likely buried. No known shared road maintenance agreement for Cool
Spring. No HOA. No known restrictive covenants. Not inside city
limits. See agent notes for how to submit an offer. Home is in
flood zone, see NC Flood Maps. Cash or rehab loan only. Home is not
eligible for conventional loans due to condition. All offers must
be submitted through https://agent.res.net/Offers.aspx?-1803227
Unit Size
1,747 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$132
Property Type
House
Property Taxes
$178
HOA Dues
-
Year Built
1965
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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: 8 months ago (TMLS #10127358)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Oct 13, 2025 | Listed by Real Estate By Design | $229,900 | |
| Listed by Real Estate By Design | |||
| Sep 17, 2025 | Price Decreased |
$229,900
↓ $15K
(6.1%) | |
| Price Decreased | |||
| Sep 10, 2025 | Price Decreased |
$244,900
↓ $15K
(5.8%) | |
| Price Decreased | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
Beds
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ft²
Price/ft²
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Listed On
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About Durham
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Listed by: Amy Gretenstein, Real Estate By Design
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10127358
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10127358
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