$369,900
●
House -
Off Market
302 Sherron Road
Durham, NC 27703
2 Beds
2 Baths
1,688 Ft²
$1,947
Est. Monthly
6.83%
Cap Rate
About This Property
Beautiful Brick Ranch w/lots of Features. Refinished Hardwood
Floors in LR, Hallway and Bedrooms. New LVP Floors in Large Light
Filled Rec/Flex Room. Updated Hall Bathroom with Custom Tile
Work. Open Kitchen with Granite Counter Tops and Tile Floor. All
Appliances Convey. Carport, Detached Garage/Shop, Parking Pad.
Fenced in Back yard. Covered Back Deck with Grilling area has gas
line for Grill hook up.
Original House 1288 Sq Ft. Flex Room is a 20 x 20 400 sq ft add on with no permit on record. Recent Permits on file show: 2013 Connected to City Water, 2017 New Gas Pack & New Electrical Panel Plus new Septic Tank in 2018. Conveniently Close to: Dining, Shopping, Airport, Duke and RTP.
Original House 1288 Sq Ft. Flex Room is a 20 x 20 400 sq ft add on with no permit on record. Recent Permits on file show: 2013 Connected to City Water, 2017 New Gas Pack & New Electrical Panel Plus new Septic Tank in 2018. Conveniently Close to: Dining, Shopping, Airport, Duke and RTP.
Unit Size
1,688 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$219
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
1960
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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 #10027131)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2024 | Sold | ||
| Sold | |||
| Aug 26, 2024 | In contract | - | |
| In contract | |||
| May 3, 2024 | Listed by Trammel Brothers Inc. | $369,900 | |
| Listed by Trammel Brothers Inc. | |||
| | |||
|
Beautiful Brick Ranch w/lots of Features. Refinished Hardwood Floors in LR, Hallway and Bedrooms. New LVP Floors in Large Light Filled Rec/Flex Room. Updated Hall Bathroom with Custom Tile Work. Open Kitchen with Granite Counter Tops and Tile Floor. All Appliances Convey. Carport, Detached Garage/Shop, Parking Pad. Fenced in Back yard. Covered Back Deck with Grilling area has gas line for Grill hook up.
Original House 1288 Sq Ft. Flex Room is a 20 x 20 400 sq ft add on with no permit on record. Recent Permits on file show: 2013 Connected to City Water, 2017 New Gas Pack & New Electrical Panel Plus new Septic Tank in 2018. Conveniently Close to: Dining, Shopping, Airport, Duke and RTP.
| |||
| May 27, 1999 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Ashley Trammel, Trammel Brothers Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10027131
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10027131
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