$425,000
●
House -
Off Market
400 N Water'S Edge Drive
Durham, NC 27703
4 Beds
2 Baths,
1
Half Bath
1,914 Ft²
$2,393
Est. Monthly
$65
HOA / Fees
About This Property
Nestled in Durham's sought-after Grove Park Lakeside community,
this stunning home checks every box. The spacious primary suite
offers the convenience and comfort you've been looking for, while
fresh interior paint and sleek, carpet-free flooring throughout the
first floor give the space a clean, modern feel.
Enjoy serene lake views from your breakfast area and a backyard that backs right up to the water -- a rare find. The neighborhood rounds it out with a pool, tennis, basketball, and volleyball courts, while shopping, dining, and major highways are all just minutes away. Comfort, style, and location -- this move-in ready home has it all.
Enjoy serene lake views from your breakfast area and a backyard that backs right up to the water -- a rare find. The neighborhood rounds it out with a pool, tennis, basketball, and volleyball courts, while shopping, dining, and major highways are all just minutes away. Comfort, style, and location -- this move-in ready home has it all.
Unit Size
1,914 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$214
Property Type
House
Property Taxes
$315
HOA Dues
$65
Year Built
2001
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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: 7 months ago (TMLS #10160272)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Listed by CAPITAL TO COAST REALTY COMPANY | $410,000 | |
| Listed by CAPITAL TO COAST REALTY COMPANY | |||
| Jun 11, 2019 | Sold | ||
| Sold | |||
| May 8, 2019 | Listed by CAPITAL TO COAST REALTY COMPANY | $259,900 | |
| Listed by CAPITAL TO COAST REALTY COMPANY | |||
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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 Grove Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Courtney Aiken Andrews, CAPITAL TO COAST REALTY COMPANY
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10160272
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10160272
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