$188,900
●
House -
Off Market
505 Magna Drive
Durham, NC 27703
3 Beds
3 Baths,
1
Half Bath
2,236 Ft²
$304,874
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model
About This Property
Excellent 2 car garage with huge, fenced in backyard in Ridgewood!
Separate living room! Open family room features ceiling fan and
lots of natural light. Kitchen offers slatestone floors, center
island, ample cabinetry, pantry, breakfast area, and back patio
access. Master bathroom includes large WIC, ceiling fan, and
privacy bath. 2 additional bedrooms share full hall bath. Utility
room with shelving and window. Bonus room - great for entertaining!
Welcome Home!
Unit Size
2,236 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$85
Property Type
House
Property Taxes
-
HOA Dues
$18
Year Built
2005
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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 #2122461)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 17, 2024 | Price Decreased |
$379,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Sep 7, 2024 | Listed by Hampton & Company Real Estate | $385,000 | |
| Listed by Hampton & Company Real Estate | |||
| | |||
|
Welcome to this beautiful single-family home in the Ridgefield community! The first floor boasts a bright, open floor plan featuring a large kitchen with a center island, perfect for gatherings. Enjoy spacious family and living rooms with ample natural light. Upstairs, the large primary suite offers a walk-in closet and a spacious bathroom, accompanied by two sizable bedrooms and a versatile bonus room. The backyard is fenced with a patio, perfect for outdoor relaxation. With a cozy front porch, a two-car garage, and recent interior updates (paint and carpet) this home is move-in ready. Fridge, washer, and dryer included! New Roof-2024.
| |||
| Jun 5, 2017 | Sold | ||
| Sold | |||
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Property Highlights
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Air Conditioning
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: Matt Perry, Keller Williams Elite Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2122461
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2122461
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