$425,000
●
House -
Off Market
246 Argonne Drive
Durham, NC 27704
3 Beds
2 Baths
1,986 Ft²
$450,877
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
Stunning remodeled ranch home in Argonne Hills. Don't miss out on
this 3/4 acre lot with no HOA. This home features 3 bedrooms and 2
full bathrooms with new flooring throughout. Newly updated kitchen
complete with a coffee nook, under island microwave cabinet, quartz
countertops and large butcher block island. The open layout boasts
ample opportunities for entertaining. Large windows in the living
room overlook the backyard and is accompanied by a beautiful wood
burning fireplace. The home has a new roof, windows and water
heater as of 2020. Updated plumbing and electrical. Added
insulation in the attic. ADT security system installed as well as
AT&T fiber optic high speed internet. 10 minutes from Downtown
Durham, close to Duke Regional Hospital and Durham's Life and
Science Museum.
Unit Size
1,986 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$214
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1964
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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 #2481641)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2022 | Sold | ||
| Sold | |||
| Oct 31, 2022 | Listed by EXP Realty LLC | $425,000 | |
| Listed by EXP Realty LLC | |||
| Aug 24, 2022 | No longer available | - | |
| No longer available | |||
| Aug 20, 2022 | In contract | - | |
| In contract | |||
| Aug 18, 2022 | No longer available | - | |
| No longer available | |||
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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
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ft²
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About Durham
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Listed by: Camille Pedersen, EXP Realty LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2481641
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2481641
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