$790,000
●
House -
Off Market
3403 Olney Drive
Durham, NC 27705
4 Beds
3 Baths,
1
Half Bath
3,601 Ft²
$4,529
Est. Monthly
$14
HOA / Fees
3.03%
Cap Rate
About This Property
You do not want to miss this 4/5 bedroom home conveniently located
between Durham and Chapel Hill! There are 2 flex spaces, one used
as an office and one as a bonus room or 5th bedroom. The
chef's kitchen was totally renovated in 2022 with all new cabinets,
quartz countertops, gas cooktop, double ovens, Bosch dishwasher,
farm sink and tons of storage space. The gas water heater is 2
years old; the roof is 3 years old. The large family room has a
fireplace with gas logs and opens to the rear deck. The private
fenced back yard has a storage shed for garden tools. The sellers
installed Leavesout Gutter Guards (10/24) that have a lifetime
warranty and transfers to new owners.
Unit Size
3,601 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$225
Property Type
House
Property Taxes
$538
HOA Dues
$14
Year Built
1997
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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 #10075593)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Feb 13, 2025 | In contract | - | |
| In contract | |||
| Feb 9, 2025 | Listed by Marie Austin Realty Co. | $810,000 | |
| Listed by Marie Austin Realty Co. | |||
| | |||
|
You do not want to miss this 4/5 bedroom home conveniently located between Durham and Chapel Hill! There are 2 flex spaces, one used as an office and one as a bonus room or 5th bedroom. The chef's kitchen was totally renovated in 2022 with all new cabinets, quartz countertops, gas cooktop, double ovens, Bosch dishwasher, farm sink and tons of storage space. The gas water heater is 2 years old; the roof is 3 years old. The large family room has a fireplace with gas logs and opens to the rear deck. The private fenced back yard has a storage shed for garden tools. The sellers installed Leavesout Gutter Guards (10/24) that have a lifetime warranty and transfers to new owners.
| |||
| Jun 30, 2005 | Sold | ||
| Sold | |||
| Aug 2, 2001 | Sold | ||
| Sold | |||
Property Highlights
Garage
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 North Garrett Road
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Listed by: Joan Austin, Marie Austin Realty Co.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10075593
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10075593
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