$375,000
●
House -
Off Market
2808 Newquay Street
Durham, NC 27705
3 Beds
2 Baths,
1
Half Bath
303 Ft²
$432,550
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
Great home nestled in the trees. Spacious kitchen with appliances,
pantry, lots of cabinets & breakfast area. Separate dining room
great for holiday dinners. Living room with lots of natural light
PLUS a family room with a wood burning fireplace for those chilly
evenings. Primary bedroom with 2 closets, attached bath with double
sinks & shower. 2 spacious secondary bedrooms, one with double
closets. If you work from home there is a great office in the
basement with a closet that could be used as a 4th bedroom if
preferred. Laundry with a half bath across the hall for
convenience. Door from the family room leads to an awesome deck
great for your next BBQ. Large fenced yard with a shed for storage.
Unit Size
303 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$1,320
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1984
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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 #121604)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| Apr 13, 2025 | In contract | - | |
| In contract | |||
| Apr 8, 2025 | Listed by Nest Realty of the Triangle | $459,000 | |
| Listed by Nest Realty of the Triangle | |||
| | |||
|
This updated raised ranch in North Durham offers more space and flexibility than expected at this price point—ideal for any living situation. With over 2,000 sq ft, the layout includes a large dining room that seats 10+, a flex space off the kitchen perfect for a home office, and a spacious den with a fireplace. A separate downstairs suite with private entry adds room for a myriad of uses.
Major updates include a new roof (2025), energy-efficient HVAC (2024), full plumbing replacement (2021), and a refreshed kitchen with 2021 appliances and new flooring. All main living and bedrooms are on one level, and the shaded, low-maintenance lot helps keep energy bills down.
Located in a quiet neighborhood less than 10 minutes to Duke and Eno River, and under 20 minutes to UNC Chapel Hill. Move-in ready with the layout, updates, and location rarely found at this price.
| |||
| Jan 3, 2022 | Sold | ||
| Sold | |||
| Nov 16, 2021 | Listed by Allen Tate/Burlington | $399,900 | |
| Listed by Allen Tate/Burlington | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
Price/ft²
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Listed On
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HOA + Taxes
About Spring Valley
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Laurie Welsh, Allen Tate/Burlington
Last Updated: 2 years ago
Data Source: TMLS, MLS# 121604
Last Updated: 2 years ago
Data Source: TMLS, MLS# 121604
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