$36,500
●
Land -
Off Market
27 Fellowship Drive
Durham, NC 27704
Studio
0 Bath
$195
Est. Monthly
About This Property
Discover the perfect canvas for your dream home or investment
opportunity with this beautiful 0.83-acre wooded lot. Tucked away
in a peaceful, natural setting, this parcel offers the ideal
balance of privacy and accessibility. Mature trees provide a serene
backdrop and the potential for customized landscaping while
preserving the natural charm of the property.
A soil and site evaluation has already been completed, giving you a head start on planning and development. Whether you're looking to build a primary residence, or simply invest in land, this property offers a solid foundation for your vision.
Enjoy the tranquility of nature while being just a short drive from local amenities, schools, and outdoor recreation. Don't miss out on this rare opportunity to own a ready-to-develop lot in a desirable location.
** Listing agent is related to the seller.
**Lot lines depicted on these drone photographs are visual estimations and may not reflect the precise legal boundaries of the property.
A soil and site evaluation has already been completed, giving you a head start on planning and development. Whether you're looking to build a primary residence, or simply invest in land, this property offers a solid foundation for your vision.
Enjoy the tranquility of nature while being just a short drive from local amenities, schools, and outdoor recreation. Don't miss out on this rare opportunity to own a ready-to-develop lot in a desirable location.
** Listing agent is related to the seller.
**Lot lines depicted on these drone photographs are visual estimations and may not reflect the precise legal boundaries of the property.
Unit Size
-
Days on Market
-
Land Size
0.83 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3
HOA Dues
-
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 #10089676)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2025 | Sold | ||
| Sold | |||
| Sep 4, 2025 | In contract | - | |
| In contract | |||
| Aug 23, 2025 | Price Decreased |
$39,000
↓ $8K
(17%) | |
| Price Decreased | |||
| Jun 6, 2025 | Price Decreased |
$47,000
↓ $8K
(14.6%) | |
| Price Decreased | |||
| Apr 16, 2025 | Listed by Barbour & Company | $55,000 | |
| Listed by Barbour & Company | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Northeast Durham
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Listed by: Brandon Barbour, Barbour & Company
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10089676
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10089676
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