$835,000
●
House -
Off Market
211 Mallard Avenue
Durham, NC 27701
4 Beds
4 Baths,
1
Half Bath
2,874 Ft²
$851,425
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
***Price Reduction*** Stunning contemporary home near the
heart of downtown Durham. Enjoy picturesque views from one of two
expansive decks. Within close walking distance to the Durham
Performing Arts Center, the Farmers Market, Central Park, the
Tobacco District, the Durham Bulls Athletic Park and numerous local
restaurants. This three story 4BR / 3.5 BA home features high
ceilings, a spacious interior, low-maintenance yard and a two car
garage.Energy efficient and smart home technology throughout which
includes a tankless water heater, spray foam insulation, LED
lighting, casement windows, site finished hardwoods, custom steel
catwalk and a 7.6kW photovoltaic solar panel system.
Unit Size
2,874 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$296
Property Type
House
Property Taxes
$650
HOA Dues
-
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 #2496540)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2023 | Sold | ||
| Sold | |||
| Feb 24, 2023 | Listed by Keller Williams Legacy | $850,000 | |
| Listed by Keller Williams Legacy | |||
| Jan 2, 2023 | No longer available | - | |
| No longer available | |||
| Nov 11, 2022 | Price Decreased |
$950,000
↓ $35K
(3.6%) | |
| Price Decreased | |||
| Sep 15, 2022 | Price Decreased |
$985,000
↓ $15K
(1.5%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
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 Old Five Points
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Chris Crumpler, Keller Williams Legacy
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2496540
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2496540
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