$325,000
●
House -
Off Market
407 Sparella Street
Durham, NC 27703
3 Beds
2 Baths
1,309 Ft²
$1,768
Est. Monthly
6.92%
Cap Rate
About This Property
One level sought after ranch-style home, split bedroom plan with
crawl space foundation, situated on a cul-de-sac lot! Features
include hardwood flooring throughout great-room, kitchen, dining
area, bedrooms and hallway. Granite countertops in kitchen,
electric range, range hood and refrigerator will convey. Tile
flooring in bathrooms with tub shower combo. The majority of the
interior was in painted 2023, Humidifier in crawlspace. Electric
fireplace in the great-room will convey. Wall TV's will not convey,
TV brackets will remain.
Unit Size
1,309 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$252
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
2016
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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 #10015182)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Listed by Nest Realty of the Triangle | $345,000 | |
| Listed by Nest Realty of the Triangle | |||
| | |||
|
Settle into 407 Sparella Street — a 2016-built bungalow that's been thoughtfully refreshed with over $25K in upgrades and repairs in the last year. Enjoy the peace of mind that comes with a year-old HVAC, fresh exterior paint, updated bathrooms, and a brand new privacy fence. Inside, soak up the sunlight in open, airy rooms with beautiful hardwood floors throughout (LVP what?). Tucked away on a quiet cul-de-sac with green space directly across the street, you'll wake up to the sounds of birds and sip your morning coffee on the rocking-chair front porch. Out back, get ready to make your mark on this blank-slate of a yard by installing a patio for outdoor dining, hydrangeas or azaleas, a veggie garden, or even your favorite fruit trees. All just 10 minutes to Downtown Durham and 13 minutes to both Brier Creek shopping and RTP. Stylish, solid, and move-in ready at a price that won't break the bank.
| |||
| May 29, 2024 | Sold | ||
| Sold | |||
| Mar 5, 2024 | Listed by Coldwell Banker HPW | $330,000 | |
| Listed by Coldwell Banker HPW | |||
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Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Durham
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Listed by: Teresa Pitt, Coldwell Banker HPW
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015182
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10015182
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