$276,240
●
House -
Off Market
315 Gray Avenue
Durham, NC 27701
3 Beds
2 Baths
1,246 Ft²
$423,414
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model
About This Property
Charming Bungalow just a short stroll from Downtown and Central
Park. Renovated with an addition of a Master Suite, this cozy home
now has a very functional layout. Engineered Maple Floors, White
Shaker Cabinets, Quartz Counter-tops and a large master suite which
is a great bonus for a home of this size. Spacious fenced in back
yard, great for entertaining or relaxing with your pets. Just a
short Walk to Central Park, Seeds, or many of the culinary
attractions that make Durham Great
Unit Size
1,246 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$225
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1985
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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 #2197534)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2019 | Sold | ||
| Sold | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Aug 6, 2018 | Sold | ||
| Sold | |||
| Jul 15, 2018 | Listed | $279,900 | |
| Listed | |||
| | |||
|
Charming Bungalow just a short stroll from Downtown and Central Park. Renovated with an addition of a Master Suite, this cozy home now has a very functional layout. Engineered Maple Floors, White Shaker Cabinets, Quartz Counter-tops and a large master suite which is a great bonus for a home of this size. Spacious fenced in back yard, great for entertaining or relaxing with your pets. Just a short Walk to Central Park, Seeds, or many of the culinary attractions that make Durham Great The manager has listed the unit size as 1246 square feet.
| |||
| Jun 12, 2018 | Listed by Calculus Commercial | $279,900 | |
| Listed by Calculus Commercial | |||
Property Highlights
Air Conditioning
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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Listed On
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Sold On
Sold On
HOA + Taxes
About Durham
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Currently no similar homes aroundNearby Rentals
Listed by: Kevin Davis, Calculus Commercial
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2197534
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2197534
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