4 Covington Lane
About This Property
Nestled in the prestigious Treyburn Country Club community, 4 Covington Lane offers the perfect blend of elegance, comfort, and modern updates. This beautiful home backs up to the serene fairways of the 6th hole, providing breathtaking views and a tranquil setting.
Step inside to discover fresh paint and brand-new carpet throughout, creating a clean and welcoming atmosphere. The spacious eat-in kitchen is a chef's dream, featuring a new gas cooktop, double ovens, and an abundance of cabinet and counter space, perfect for preparing gourmet meals or hosting casual gatherings.
The heart of the home is the family room, showcasing vaulted ceilings, a cozy gas fireplace, and custom built-ins, making it an ideal space for relaxation and entertaining. A well-appointed wet bar conveniently located off the family room adds a touch of sophistication to your hosting experience. For those who work from home or need a quiet study space, the home office with custom built-ins offers both functionality and style.
Enjoy the beauty of the outdoors with multiple options for relaxation. The screened porch provides a peaceful spot to unwind with a morning coffee or an evening glass of wine, while the adjacent deck offers additional space for outdoor dining, grilling, and soaking in the stunning golf course views.
The thoughtfully designed floorplan allows for easy one-level living, featuring a luxurious primary suite on the main floor. The second level hosts three generously sized guest bedrooms and a full bathroom, providing privacy and comfort for family and visitors.
4 Covington Lane is more than just a home; it's a lifestyle. With its unbeatable location within Treyburn Country Club and direct access to the golf course, this property is perfect for those seeking both luxury and leisure. Don't miss this rare opportunity to own a piece of paradise in one of Durham's most sought-after communities!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Relisted | $672,900 | |
| Relisted | |||
| Sep 20, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Listed by Allen Tate / Durham | $672,900 | |
| Listed by Allen Tate / Durham | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017