$355,000
●
House -
Off Market
4301 Newby Drive
Durham, NC 27704
3 Beds
1 Bath,
1
Half Bath
1,333 Ft²
$2,010
Est. Monthly
5.84%
Cap Rate
About This Property
Welcome to your charming oasis in Northern Durham! This delightful
ranch home nestled on 0.5 acres offers the perfect blend of
convenience and tranquility. Boasting three bedrooms and 1.5
bathrooms, this gem is just a stone's throw away from shopping
amenities and a short drive to the vibrant heart of downtown
Durham. Inside, you'll find a spacious updated kitchen adorned with
elegant granite countertops. The home is complemented by LVP
flooring, and a spacious, sunlit living room with fireplace and
partially updated primary bath. Step outside onto the spacious
covered side porch, ideal for enjoying morning coffee or evening
gatherings. With a partially cleared fenced lot inviting abundant
natural light, this home is a haven for comfortable living.
Recently installed, powered shed (costs $18,000 new!) could make a
great workshop. Don't miss your chance to call this Durham retreat
your own!
Unit Size
1,333 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$281
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1956
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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 #10019637)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Mar 28, 2024 | Listed by Compass -- Chapel Hill - Durham | $375,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| | |||
|
Welcome to your charming oasis in Northern Durham! This delightful ranch home nestled on 0.5 acres offers the perfect blend of convenience and tranquility. Boasting three bedrooms and 1.5 bathrooms, this gem is just a stone's throw away from shopping amenities and a short drive to the vibrant heart of downtown Durham. Inside, you'll find a spacious updated kitchen adorned with elegant granite countertops. The home is complemented by LVP flooring, and a spacious, sunlit living room with fireplace and partially updated primary bath. Step outside onto the spacious covered side porch, ideal for enjoying morning coffee or evening gatherings. With a partially cleared fenced lot inviting abundant natural light, this home is a haven for comfortable living. Recently installed, powered shed (costs $18,000 new!) could make a great workshop. Don't miss your chance to call this Durham retreat your own!
| |||
| Jun 17, 2022 | Sold | ||
| Sold | |||
| Jun 8, 2022 | Listed by Compass -- Chapel Hill - Durham | $350,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| Jan 29, 2016 | Sold | ||
| Sold | |||
Show More
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 Durham
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Listed by: Bill Stevenson, Compass -- Chapel Hill - Durham
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10019637
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10019637
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