$725,000
●
House -
Off Market
2724 Sevier Street
Durham, NC 27705
4 Beds
2 Baths,
1
Half Bath
1,925 Ft²
$775,434
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
The attention to detail in this delightful 1961 bi-level Colonial
built by George Birmingham calls to mind Petrarch's claim that
"none else can boast / such high perfection." Indeed! The
present owner-only the 2nd-purchased the home in 2013 and has
transformed every detail: reno'd kitchen w/amazing pantry,
induction range, quartz counters. Bathrooms updated as well as
paint inside and out, custom interior shutters, a sealed crawl
space, Miele washer/dryer. Custom systems in most closets in the
house. With nothing to worry about in the house, head on out to the
exquisitely landscaped backyard, fully fenced, with a cedar privacy
fence along the back property line. A wired workshop and potting
shed flank the carport. Flagstone paths meander around the home and
land at a large beautiful patio out back. Universities and hospital
nearby. Al Buehler Trail just a few blocks away! With absolutely
nothing to worry about and everything to enjoy, why NOT call it
home?
Unit Size
1,925 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$390
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1961
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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 #2463538)
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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 Duke Forest
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Listed by: Tammi Brooks, Inhabit Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2463538
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2463538
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