$775,000
●
House -
Off Market
2827 Ridge Road
Durham, NC 27705
4 Beds
3 Baths
2,553 Ft²
$817,858
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
This 1969 split-foyer is the Rara Avis of mid-century moderns.
These owners--only the second--had a mission: modernize the home to
today's standards while preserving so many of the details that make
mid-mods real estate candy. You will find original & repurposed
materials throughout this renovation. On the main floor is an open
floorplan kitchen, dining room, and living room, a big deck that
wraps around to the kitchen. The main bedroom has a large walk-in
closet and en-suite bathroom with a no curb shower (w/signature
foot nook to make shaving a cinch!). Two additional large bedrooms
and a hall bath round out the main floor. The lower level offers a
bedroom and bathroom plus a family room, mud room, laundry, wet
bar, and wine closet. Walk out onto a large patio nestled into the
private, fenced backyard. A large 2-car carport has two closets for
yard/garden storage. BONUS: this home is part of the coveted Colony
Park neighborhood so your dues mean: summertime pool! Neighborhood
parties!
Unit Size
2,553 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$304
Property Type
House
Property Taxes
$321
HOA Dues
$29
Year Built
1969
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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 #2479100)
Price History
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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ft²
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About North Garrett Road
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Listed by: Tammi Brooks, Inhabit Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2479100
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2479100
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