$3,250,000
●
House -
Off Market
3116 Cornwall Road
Durham, NC 27707
4 Beds
3 Baths,
2
Half Baths
5,135 Ft²
$18,284
Est. Monthly
0.51%
Cap Rate
About This Property
Designated a Contributing Building by The National Register of
Historic Places, this elegant two story brick Colonial Revival
house was the original home on Cornwall Road. A tree-lined,
slate-bordered gravel drive leads to this beautiful,
privately sited home in the midst of 3.71 acres, A gorgeous lawn
frames the stately columned slate front porch. High ceilings,
beautiful millwork, a walnut paneled den, a spectacular pair of
curved staircases are only part of what make this property
special. Meticulously maintained, carefully preserving its
old world charm to showcase the fact that good design is
timeless.
Primary BR has door from the bath that opens onto the upper porch. Main Level BR could be a second primary and has a door opening onto the front slate porch. Fireplace (not included in the MLS count) on lower level covered brick patio is not working. The basketball court to the upper left of the driveway is part of the property.
Primary BR has door from the bath that opens onto the upper porch. Main Level BR could be a second primary and has a door opening onto the front slate porch. Fireplace (not included in the MLS count) on lower level covered brick patio is not working. The basketball court to the upper left of the driveway is part of the property.
Unit Size
5,135 Ft²
Days on Market
-
Land Size
3.71 acres
Price per sqft
$682
Property Type
House
Property Taxes
$1,098
HOA Dues
-
Year Built
1941
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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 #10027134)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | Listed by Peak, Swirles & Cavallito | $3,500,000 | |
| Listed by Peak, Swirles & Cavallito | |||
Property Highlights
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 Hope Valley
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Listed by: Susan Peak, Peak, Swirles & Cavallito
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10027134
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10027134
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