$965,000
●
House -
For Sale
4204 Kerley Road
Durham, NC 27705
3 Beds
2 Baths,
1
Half Bath
3,536 Ft²
$5,170
Est. Monthly
About This Property
Get creative on Kerley! Wonderful opportunity to purchase 7.5+
acres in a most desirable location bordering Durham and Orange
counties. Situated on the southwest corner of the
intersection of Cornwallis and Kerley Rds., this land affords
many options for its next owner. The original 1951 homestead still
remains and is currently tenant occupied. The quaint brick ranch
with incredible heart pine woodwork throughout invokes a rustic
retreat while the original oak hardwood floors and specialty tiles
in the kitchen and baths add warmth and charm. The land itself
features towering trees which provide a luscious canopy over the
rolling landscape. A 1+acre pond invites a variety of wildlife and
delivers a peaceful setting to relax and be one with nature.
A wooded knoll delivers stunning views of the water! Easy
access to Duke and surrounds. Property is on well and septic.
Unit Size
3,536 Ft²
Days on Market
158 days
Land Size
7.59 acres
Price per sqft
$273
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
-
Listed By
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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 #10168178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 18, 2026 | Listed by Urban Durham Realty | $965,000 | |
| Listed by Urban Durham Realty | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Carport
Parking Features: Circular Driveway, Detached Carport, Driveway
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Built-in Features, Natural Woodwork, Open Floorplan, Pantry, Storage, Tile Counters, Walk-In Closet(s), Bathtub/Shower Combination, Living/Dining Room Combination, Walk-In Shower
Appliances: Electric Range, Refrigerator, Water Heater
Flooring Type: Carpet, Hardwood, Vinyl
Laundry Features: In Bathroom, Main Level
Rooms: 8
Basement: Block, Daylight, Exterior Entry, Interior Entry, Partially Finished, Unfinished, Heated
Exterior Details
Square Footage: 3536
Architectural Style: Ranch
Year Built: 1951
Building Area Total: 3536.1
Levels: Bi-Level
Construction Materials: Brick Veneer
Patio and Porch Features: Side Porch
Lot Features: Back Yard, Cleared, Corner Lot, Front Yard, Garden, Landscaped, Many Trees, Pond on Lot, Sloped, Wetlands, Wooded, Hardwood Trees
Lot Size Area: 7.59
Lot Size Units: Acres
Lot Size Acres: 7.59
Lot Size Square Feet: 330620.4
Water Source: Well
Financial Details
Tax Assessed Value: $690,369
Tax Annual Amount: $5,176
Utilities Details
Cooling Type: Central Air, Electric, Heat Pump
Heating Type: Electric, Fireplace(s), Forced Air, Heat Pump
Sewer : Septic Tank
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 Orange
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Listed by: Andrea K Kubachko, Urban Durham Realty
Last Updated: 4 months ago
Data Source: TMLS, MLS# 10168178
Last Updated: 4 months ago
Data Source: TMLS, MLS# 10168178
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