$125,000
●
House -
Off Market
3019 Sprucewood Drive
Durham, NC 27707
3 Beds
1 Bath,
1
Half Bath
1,352 Ft²
$123,104
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
This beautiful house on a private cul-de-sac had a fire on the
first floor resulting in extensive smoke damage throughout the
first and second floors. House requires complete drywall and
insulation replacement as well as other renovations. A good
opportunity to renovate in a wonderful neighborhood w/private
backyard. Seller has no knowledge of the extent of the damage or
the renovations needed. Property is SOLD AS IS! Buyer
responsible for inspections and renovation estimates. No floor plan
available.
Unit Size
1,352 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$73
Property Type
House
Property Taxes
$55
HOA Dues
-
Year Built
1994
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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 #2361739)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 20, 2022 | Sold | ||
| Sold | |||
| Nov 22, 2021 | Listed by Highgarden Real Estate NC | $374,000 | |
| Listed by Highgarden Real Estate NC | |||
| | |||
|
AMAZING 2 story with 3BR on a cul-de-sac lot! MOVE IN READY! Completely renovated! Kitchen has New stainless steel appliances, premium granite countertops, custom subway tile backsplash, fresh paint, brushed nickle hardware, and so much more!!! The Full bathroom has a double granite vanity and a walkin tile shower!
| |||
| Mar 19, 2021 | Sold | ||
| Sold | |||
| Jan 15, 2021 | Listed by Nest Realty of the Triangle | $99,000 | |
| Listed by Nest Realty of the Triangle | |||
| Jul 22, 2005 | Sold | ||
| Sold | |||
Property Highlights
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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Baths
ft²
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HOA + Taxes
About Durham
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Listed by: Ron Westlund, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2361739
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2361739
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