$333,500
●
Condo -
Off Market
2608 Erwin Road #406
Durham, NC 27705
2 Beds
2 Baths
1,265 Ft²
$566,111
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model
About This Property
Here is your opportunity! Exceptional 2BR/2BA Lakeview Park
loft with spectacular views of Duke. Living area has 19"
ceilings, hardwoods, new custom drapes (shades are behind) and
remote controlled sun shades for upper windows. Granite
counters, stainless steel appliances, TECH lighting in kitchen
area. Main floor MBR has custom drapes and sunshades for
upper windows. 2nd floor loft/bath is enclosed with glass
which provides quiet and privacy. Ideal for one or more persons. 2
parking spaces, 20 & 36.
Unit Size
1,265 Ft²
Days on Market
-
Land Size
-
Price per sqft
$269
Property Type
Condo
Property Taxes
-
HOA Dues
$253
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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 #2098201)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2017 | Sold | ||
| Sold | |||
| Nov 10, 2016 | Listed by Peak, Swirles & Cavallito | $339,900 | |
| Listed by Peak, Swirles & Cavallito | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Parking Features: Assigned, Garage
Garage Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Bathtub Only, High Ceilings, Kitchen/Dining Room Combination, Living/Dining Room Combination, Shower Only, Soaking Tub
Appliances: Dishwasher, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Ceramic Tile, Hardwood
Laundry Features: Main Level
Rooms: 4
Exterior Details
Square Footage: 1265
Architectural Style: Contemporary
Year Built: 2007
Above Grade Finished Area: 1265Square Feet
Building Area Total: 1265
Levels: Two
Building Area Units: Square Feet
Construction Materials: Brick
Lot Size Dimensions: 0 x 0
Water Source: Public
Financial Details
HOA/Condo/Coop Fee Includes: Maintenance Structure, Trash
HOA Fee: $253
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Community & neighborhood Details
Region: Durham
Subdivision: Lakeview Park
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/28/2022
|
2 Bed
|
2 Bath
|
1018 ft²
|
$389,500
2 Bed
2 Bath
1018 ft²
|
$420,000
+7.83%
08/12/2022
|
Mary Hunter
Urban Durham Realty
| |
|
09/14/2022
|
1 Bed
|
2 Bath
|
840 ft²
|
$350,000
1 Bed
2 Bath
840 ft²
|
$316,000
-9.71%
02/15/2023
|
David Wilson
Carolina's Choice Real Estate
| |
|
05/11/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$3,800
2 Bed
2 Bath
1200 ft²
|
-
-
|
Leslie Page
West Durham Realty
| |
|
10/18/2021
|
2 Bed
|
2 Bath
|
975 ft²
|
$365,000
2 Bed
2 Bath
975 ft²
|
$365,000
11/08/2021
|
Johnny Chappell
Compass - Raleigh
| |
|
08/24/2021
| |
1 Bed
|
1 Bath
|
-
|
$280,000
1 Bed
1 Bath
|
-
-
|
Tonya M Snow-Saleeby
Durham
|
|
03/11/2021
|
2 Bed
|
2 Bath
|
1194 ft²
|
$425,000
2 Bed
2 Bath
1194 ft²
|
$425,000
04/30/2021
|
Lisa Ellis
Real Estate By Design
| |
|
11/20/2020
|
2 Bed
|
2 Bath
|
1029 ft²
|
$349,500
2 Bed
2 Bath
1029 ft²
|
$340,000
-2.72%
12/16/2020
|
Paula Walls
Howard Perry & Walston Realty
| |
|
07/15/2020
|
1 Bed
|
1 Bath
|
739 ft²
|
$270,000
1 Bed
1 Bath
739 ft²
|
$275,000
+1.85%
08/21/2020
|
Ganna Fisher
Real Estate By Design
| |
|
08/22/2019
|
2 Bed
|
2 Bath
|
1215 ft²
|
$360,000
2 Bed
2 Bath
1215 ft²
|
$360,000
09/27/2019
|
Charles A Umstead
Chappell
| |
|
10/18/2018
|
2 Bed
|
2 Bath
|
1265 ft²
|
$375,000
2 Bed
2 Bath
1265 ft²
|
-
-
|
-
| |
|
02/05/2018
|
2 Bed
|
2 Bath
|
1265 ft²
|
$359,900
2 Bed
2 Bath
1265 ft²
|
$359,900
03/14/2018
|
Paula Walls
Howard Perry & Walston Realty
| |
|
08/25/2017
|
1 Bed
|
2 Bath
|
850 ft²
|
$230,000
1 Bed
2 Bath
850 ft²
|
$220,000
-4.35%
09/26/2017
|
Paula Walls
Howard Perry & Walston Realty
| |
|
05/08/2017
|
1 Bed
|
1 Bath
|
750 ft²
|
$216,900
1 Bed
1 Bath
750 ft²
|
$216,900
07/03/2017
|
Jane Phillips
Peak, Swirles & Cavallito
| |
|
11/10/2016
|
2 Bed
|
2 Bath
|
1265 ft²
|
$339,900
2 Bed
2 Bath
1265 ft²
|
$333,500
-1.88%
02/24/2017
|
Jane Phillips
Peak, Swirles & Cavallito
| |
|
07/29/2016
|
1 Bed
|
2 Bath
|
840 ft²
|
$245,000
1 Bed
2 Bath
840 ft²
|
$220,000
-10.20%
02/23/2017
|
Stacy Slone
West and Woodall Real Estate
| |
|
02/22/2015
|
1 Bed
|
2 Bath
|
840 ft²
|
$219,000
1 Bed
2 Bath
840 ft²
|
$209,000
-4.57%
04/21/2015
|
Mark A Stone
Keller Williams Preferred Realty
| |
|
12/08/2014
|
2 Bed
|
2 Bath
|
1265 ft²
|
$319,900
2 Bed
2 Bath
1265 ft²
|
$319,900
03/26/2015
|
Shahla Rezvani
Howard Perry & Walston Realtor
|
Building Info
About Durham
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Listed by: Jane A Phillips, Peak, Swirles & Cavallito
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2098201
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2098201
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