$445,000
●
House -
Off Market
3 Madeira Court
Durham, NC 27713
3 Beds
2 Baths,
1
Half Bath
1,559 Ft²
$2,478
Est. Monthly
$30
HOA / Fees
5.02%
Cap Rate
About This Property
Welcome to 3 Madeira Court, Durham! This charming residence boasts
a refreshed interior with freshly painted walls throughout and
brand new carpeting, presenting an inviting space for its new
owners. The first floor showcases stylish and low-maintenance LVP
flooring, complementing the spacious family room and a bright
kitchen with a cozy breakfast area. Upstairs, you'll find three
generously sized bedrooms and two baths, including an impressive
owner's suite complete with a convenient walk-in closet. This home
offers a blend of comfort, functionality, and modern appeal, making
it an ideal choice for discerning buyers seeking a move-in ready
property in Durham. Very close proximity to Piney Wood Park
and Dog Park which are adjacent to Neighborhood entrance. Close to
shopping, restaurants, Health facilities and major highways.
Unit Size
1,559 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$289
Property Type
House
Property Taxes
$238
HOA Dues
$30
Year Built
1996
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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 #10035067)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | Listed by Fonville Morisey/Cary Sales | $450,000 | |
| Listed by Fonville Morisey/Cary Sales | |||
| | |||
|
Welcome to 3 Madeira Court, Durham! This charming residence boasts a refreshed interior with freshly painted walls throughout and brand new carpeting, presenting an inviting space for its new owners. The first floor showcases stylish and low-maintenance LVP flooring, complementing the spacious family room and a bright kitchen with a cozy breakfast area. Upstairs, you'll find three generously sized bedrooms and two baths, including an impressive owner's suite complete with a convenient walk-in closet. This home offers a blend of comfort, functionality, and modern appeal, making it an ideal choice for discerning buyers seeking a move-in ready property in Durham. Very close proximity to Piney Wood Park and Dog Park which are adjacent to Neighborhood entrance. Close to shopping, restaurants, Health facilities and major highways.
| |||
| Mar 19, 2020 | Sold | ||
| Sold | |||
| Dec 27, 2019 | Sold | ||
| Sold | |||
| Feb 3, 2017 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
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 Woodlake
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Listed by: Wesley Carter, Long & Foster Real Estate INC/Cary
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10035067
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10035067
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