$365,000
●
Condo -
Off Market
2608 Erwin Road #430
Durham, NC 27705
2 Beds
2 Baths
975 Ft²
$407,001
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
Modern Minimalism. Industrially Inspired. Welcome to 2608 Erwin Rd
Unit 430, a posh condo, perched on top of the Exchange at Erwin.
Minutes to Duke University & Medical Center, enjoy unparalleled
commuter convenience & unique Bull City connectivity. Double-height
ceilings + windows are complemented by metallic fixtures & light
cabinetry, creating an airy ambiance rooted in aesthetic touches.
Retire to your lofted owner's suite, or relax by the pool. It's all
here, directly above dining and retail space.
Unit Size
975 Ft²
Days on Market
-
Land Size
-
Price per sqft
$374
Property Type
Condo
Property Taxes
$287
HOA Dues
$178
Year Built
-
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Cap Rate Calculator
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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 #2414235)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2021 | Sold | ||
| Sold | |||
| Oct 18, 2021 | Listed by Compass -- Raleigh | $365,000 | |
| Listed by Compass -- Raleigh | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Parking Features: Assigned, Covered, Garage
Garage Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Granite Counters, High Ceilings, Kitchen/Dining Room Combination, Shower Only, Smooth Ceilings, Walk-In Shower
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Washer/Dryer Stacked
Flooring Type: Concrete
Laundry Features: Electric Dryer Hookup, Main Level
Common walls with other units/homes: End Unit
Rooms: 5
Exterior Details
Has Property Attached
Square Footage: 975
Architectural Style: Contemporary
Year Built: 2007
Above Grade Finished Area: 975Square Feet
Building Area Total: 975
Levels: One and One Half
Building Area Units: Square Feet
Construction Materials: Brick Veneer
Pool Features: In Ground
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $3,439
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash
HOA/Condo/Coop Amenities: Pool
HOA Fee: $178
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Electric, Forced Air, Heat Pump
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: Johnny Chappell, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2414235
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2414235
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