$390,000
●
Land -
Off Market
422 Colvard Woods Way
Durham, NC 27713
Studio
0 Bath
$432,405
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
LOCATION, LOCATION, LOCATION! Bring your favorite luxury builder to
build your dream home on this amazing lot located in Colvard Farms!
Choose from your choice of custom builders(Loyd Builders, St.Clair
construction Group or Hearthstone Luxury Homes). Minutes to
Highways, RDU, Duke, UNC and all the arts and entertainment the
Research Triangle. Come and enjoy the many amenities that Colvard
Farms has to offer. Amenities include swimming pool, tennis courts,
playground, clubhouse & paved walking trails.
Unit Size
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Days on Market
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Land Size
0.54 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Cap Rate Calculator
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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 #2490885)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Compass -- Cary | $465,000 | |
| Listed by Compass -- Cary | |||
| | |||
|
Seize One of the LAST Chances to Build Your Custom Dream Home in Coveted Colvard Farms!
This is a rare opportunity to craft your ideal home in the exclusive community of Colvard Farms! Select your own builder (with HOA approval) and create something truly one-of-a-kind. Colvard Farms boasts an array of top-tier amenities, from a stunning clubhouse complete with a fitness center, full kitchen, and accessory rooms to a junior Olympic swimming pool. Enjoy the great outdoors with miles of paved trails, a playground, and two tennis courts—every amenity adding to the charm of this exceptional neighborhood.
Plus, Colvard Farms offers unbeatable convenience! Effortlessly reach key Triangle destinations, including RDU Airport, UNC-Chapel Hill, Downtown Durham, and RTP. Explore HOA documents here: CAS Colvard Farms.
Welcome to the lifestyle you've been dreaming of!
| |||
| Apr 28, 2023 | Sold | ||
| Sold | |||
| Jan 18, 2023 | Listed by Relevate Real Estate Inc. | $425,000 | |
| Listed by Relevate Real Estate Inc. | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Asking Price
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Closing Price
Sold On
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HOA + Taxes
About Durham
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Currently no similar homes aroundNearby Rentals
Listed by: Shanti R Holloway, Relevate Real Estate Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2490885
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2490885
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