$220,000
●
Condo -
Off Market
2608 Erwin Road #414
Durham, NC 27705
1 Bed
2 Baths,
1
Half Bath
850 Ft²
$366,262
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model
About This Property
WORKING AT DUKE MEDICAL CENTER OR GOING TO DUKE UNIVERSITY....THIS
IS THE PLACE YOU WILL WANT TO LIVE! DIRECTLY ACROSS THE STREET!
WALK TO DUKE AND NO WORRIES ABOUT PARKING...YOU WILL LOVE THIS HIP,
URBAN LOFT WITH CONCRETE FLOORS, GOURMET KITCHEN, 25 FOOT WINDOWS.
BRAND NEW INTERIOR PAINT - MOVE IN READY! LOCKED BUILDING LOCATED
ON 4TH FLOOR ABOVE GREAT RESTAURANTS...HAVE IT ALL AT YOUR
FINGERTIPS!
Unit Size
850 Ft²
Days on Market
-
Land Size
-
Price per sqft
$271
Property Type
Condo
Property Taxes
-
HOA Dues
$168
Year Built
-
Payment Calculator
Home Price
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%
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
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 #2147820)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2017 | Sold | ||
| Sold | |||
| Aug 25, 2017 | Listed by Coldwell Banker HPW | $230,000 | |
| Listed by Coldwell Banker HPW | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Parking Features: Assigned, Covered
Interior Details
Bedrooms: 1
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Entrance Foyer, Granite Counters, High Ceilings, Living/Dining Room Combination, Shower Only
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer Stacked
Flooring Type: Carpet, Concrete
Laundry Features: Upper Level
Rooms: 2
Exterior Details
Square Footage: 850
Architectural Style: Transitional
Year Built: 2007
Above Grade Finished Area: 850Square Feet
Building Area Total: 850
Levels: One and One Half
Building Area Units: Square Feet
Construction Materials: Brick Veneer
Foundation: Slab
Lot Size Dimensions: See Plat
Water Source: Public
Financial Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure, Trash, Water
HOA Fee: $168
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air
Utilities for Property: Cable Available
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: Paula Walls, Coldwell Banker HPW
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2147820
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2147820
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