$158,000
●
House -
Off Market
2116 Aiken Avenue
Durham, NC 27704
2 Beds
1 Bath
868 Ft²
$204,091
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
A renovated Bungalow on a spacious lot just 2 miles from downtown
Durham, for under $150,000? Is this a joke!? Crazy
talk! This adorable charmer is what your dreams are made of.
Ready? This one's got a wonderful back yard complete with
"grow-your-own" gardening beds, a great back deck for entertaining,
freshly refinished gorgeous hardwoods, a bright and sunny breakfast
nook, and all the charm of solid wood doors, beautiful trim, and
those perfect vintage doorknobs. Someone pinch us, we're
dreaming!
Unit Size
868 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$172
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1950
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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 #2332772)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | Listed by Inhabit Real Estate | $230,000 | |
| Listed by Inhabit Real Estate | |||
| | |||
|
Like something out of a storybook, this charming 1950s home is reminiscent of Margaret Wise Brown's 'The Little Blue House'. The front porch, vintage door knobs, solid wood doors, and checkered kitchen floors are giving all the cozy and nostalgic feels. The charms of yesteryear are complemented by recent upgrades including newly refinished hardwood floors and a refreshed bathroom. Other 2024 updates include a brand new roof, hot water heater, plumbing, repainted interior, recent crawlspace work, and a partially re-sided/repainted exterior. HVAC was installed in 2022. With a fig tree in the center, the backyard is ready to be transformed to someone's haven. Located just 7 mins from downtown Durham and 11 mins to RTP, this abode offers proximity to major highways, putting the Triangle region at your fingertips. 2116 Aiken is a blank page awaiting your next chapter!
| |||
| Oct 27, 2020 | Sold | ||
| Sold | |||
| Sep 9, 2020 | Listed by Fathom Realty NC, LLC | $158,500 | |
| Listed by Fathom Realty NC, LLC | |||
| Aug 26, 2020 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Durham
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Listed by: Bill Stevenson, Fathom Realty NC, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2332772
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2332772
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