$245,644
●
House -
Off Market
2518 Magnolia Tree Lane
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
2,400 Ft²
$436,231
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model
About This Property
Julian D- offers luxurious kitchen with granite countertops, tile
backsplash, gas range & stainless steel appliances. This home
comes fully equipped with hardwood floors throughout main level,
Master suite complete with tray ceiling and separate garden tub and
shower. Two additional bedrooms and large, open loft complete the
second level. Enjoy Mungo's built in Music Port & Stash Center
Still time to pick your own design interior selections.
A must see!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$102
Property Type
House
Property Taxes
-
HOA Dues
$35
Year Built
2016
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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: 13 months ago (TMLS #2021352)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | In contract | - | |
| In contract | |||
| Feb 13, 2025 | Listed by Keller Williams Legacy | $489,500 | |
| Listed by Keller Williams Legacy | |||
| | |||
|
Welcome to this lovely 4-bedroom home with beautiful stone detailing, located in desirable Rustica Oaks. As you step inside, the foyer leads to an open & inviting family room featuring a gas fireplace. ALL NEW LVP & CARPET! The bright and airy kitchen boasts SS appliances including refrig, granite, warm cabinetry, pantry and breakfast bar with beadboard accents. The dining room is enhanced by a coffered ceiling. An iron railing accents the staircase and the 2nd-floor loft/bonus overlooking the foyer. Spacious primary bedroom with tray ceiling and dual walk-in closets plus en-suite bathroom w/dual sinks, a sep shower & garden tub. 3 addl 2nd floor BRs and a full bath with dual sinks. Convenient 2nd floor laundry room. The first floor includes a private office and an interior drop-off station by the 2-car garage. Enjoy the relaxing screened porch with a ceiling fan. NEW HVAC system (2023). Home is wired for google fiber and makes having a home office easy. The neighborhood offers a pool and 2 newly equipped playgrounds plus easy access to RTP, shopping, and dining
| |||
| Jun 1, 2018 | Sold | ||
| Sold | |||
| Mar 16, 2018 | Listed by Clayton Properties Group INC | $299,900 | |
| Listed by Clayton Properties Group INC | |||
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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 Ed Cook
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Listed by: Belinda Rowland, Clayton Properties Group INC
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2021352
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2021352
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