$60,000
●
House -
Off Market
231 N Hoover Road
Durham, NC 27703
3 Beds
1 Bath
1,513 Ft²
$81,036
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model
About This Property
Large double lot! Great older brick home w/ tons of potential.
Living room w/ fireplace & lots of light. Separate dining room.
Beautiful hardwood floors. Property owned by US Dept of HUD.
Case#381-851862. IN.= UI Subject to appraisal. Sold AS-IS.
Seller makes no representation or warranties as to property
condition. EHO. Seller may contribute up to 3% for buyer's closing
costs, upon buyer request. Pre-1978 Properties to include LBP
Notices. 3rd bd. closet in hall
Unit Size
1,513 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$32
Property Type
House
Property Taxes
-
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: 13 months ago (TMLS #2082129)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 6, 2023 | Sold | ||
| Sold | |||
| Mar 9, 2023 | Listed by Urban Durham Realty | $265,000 | |
| Listed by Urban Durham Realty | |||
| | |||
|
Move-in ready starter home less than three miles from Ideal's Sandwich Shop, Ponysaurus, Hi-Wire Brewing, Golden Belt and Downtown Durham. Recent updates and repairs include extensive warrantied foundation and waterproofing work, which includes a dehumidifier, as recommended by an engineer. Other highlights include covered side porch, new HVAC ducts, brand new covered back stoop, gleaming hardwood floors, two bedrooms downstairs, full bath, a living room, separate dining room, updated kitchen, with stainless steel appliances, and a hallway stackable washer/dryer. The upstairs features another guest bedroom, half bath and a flexible loft space which is currently being used as an office. The large backyard on this quarter acre lot provides ample space for gardening or entertaining.
| |||
| Jan 21, 2023 | No longer available | - | |
| No longer available | |||
| Dec 29, 2022 | Price Increased |
$259,900
↑ $20K
(8.3%) | |
| Price Increased | |||
| Nov 12, 2022 | Price Decreased |
$240,000
↓ $39K
(14%) | |
| Price Decreased | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Durham
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Listed by: Veneta Ford, Fonville Morisey/Veneta Ford Group
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2082129
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2082129
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