$575,000
●
House -
In Contract
409 Morreene Road
Durham, NC 27705
3 Beds
2 Baths,
1
Half Bath
2,519 Ft²
$3,216
Est. Monthly
About This Property
Step into refined living with this stunning 2021 custom-built home
by Cimarron Homes, ideally situated just minutes from Duke Hospital
and the vibrant heart of downtown Durham. From the moment you
enter, you'll be captivated by the thoughtful floor plan, upscale
finishes, and timeless design that make this property truly
exceptional.
Enjoy a chef's kitchen with quartz countertops, premium cabinetry, and a grand island perfect for entertaining. Hardwood floors flow throughout the open-concept layout, while the versatile loft space offers flexibility for a home office, gym, or media room. The spa-inspired owner's suite features dual walk-in closets and a luxurious bath retreat. Outside, relax on the screened porch overlooking a private backyard oasis.
With Energy Star appliances, an EV charger, and no HOA, this home blends sustainability, style, and convenience-all in one of Durham's most sought-after locations.
Enjoy a chef's kitchen with quartz countertops, premium cabinetry, and a grand island perfect for entertaining. Hardwood floors flow throughout the open-concept layout, while the versatile loft space offers flexibility for a home office, gym, or media room. The spa-inspired owner's suite features dual walk-in closets and a luxurious bath retreat. Outside, relax on the screened porch overlooking a private backyard oasis.
With Energy Star appliances, an EV charger, and no HOA, this home blends sustainability, style, and convenience-all in one of Durham's most sought-after locations.
Unit Size
2,519 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$228
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
-
Listed By
Courtney Andrews
Real Broker, LLC
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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: 4 months ago (TMLS #10129219)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2025 | In contract | - | |
| In contract | |||
| Oct 23, 2025 | Listed by Capital To Coast Realty Company | $575,000 | |
| Listed by Capital To Coast Realty Company | |||
| Aug 29, 2025 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Jul 31, 2025 | Price Decreased |
$600,000
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Jul 17, 2025 | Listed | $615,000 | |
| Listed | |||
| | |||
|
Discover this gorgeous 2021 custom-built home by Cimarron Homes in the heart of Durham - minutes from Duke Hospital and Downtown. Featuring a designer chef's kitchen with quartz countertops, premium cabinet storage, and modern finishes perfect for entertaining. Beautiful hardwood floors flow throughout, complemented by fresh neutral paint creating an instantly move-in-ready sanctuary. The versatile upstairs loft transforms into your ideal home office, fitness room, or family space. The owner's suite features two walk-in closets with a spa-like bathroom. Relax on the charming screened porch overlooking your private backyard. Energy Star appliances throughout and an EV car charger in the spacious 2-car garage. No HOA. Don't miss this opportunity to own a stylish, sustainable home in one of Durham's most sought-after locations!
| |||
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Concrete, Driveway, Garage, Garage Faces Front
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Bookcases, Ceiling Fan(s), Entrance Foyer, High Ceilings, Kitchen Island, Pantry, Tray Ceiling(s), Walk-In Closet(s), Quartz Counters, Walk-In Shower
Appliances: Dishwasher, Gas Cooktop, Microwave, Tankless Water Heater
Flooring Type: Hardwood, Tile
Laundry Features: Laundry Room
Rooms: 9
Exterior Details
Square Footage: 2519
Architectural Style: Craftsman, Transitional
Year Built: 2021
Building Area Total: 2519
Levels: Two
Construction Materials: Fiber Cement, Radiant Barrier, Stone
Patio and Porch Features: Porch, Screened
Lot Features: Landscaped, Hardwood Trees, Partially Cleared
Lot Size Area: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Lot Size Square Feet: 9148
Water Source: Public
Financial Details
Tax Map Number: 05
Tax Assessed Value: $337,110
Tax Annual Amount: $4,702
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Forced Air, Natural Gas, Zoned
Sewer : Public Sewer
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 Durham
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Listed by: Courtney Aiken Andrews, Capital To Coast Realty Company
Last Updated: 4 months ago
Data Source: TMLS, MLS# 10129219
Last Updated: 4 months ago
Data Source: TMLS, MLS# 10129219
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