$280,000
●
House -
Off Market
512 N Waters Edge Drive
Durham, NC 27703
4 Beds
2 Baths,
1
Half Bath
2,112 Ft²
$400,260
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Spectacular LAKEFRONT home with panoramic water views located on a
highly sought after Cul-De-Sac lot. Featuring 2-car attached garage
with carriage style doors, grand two story living room complete
with brick surround gas log fireplace creating a perfect nostalgic
feel. Kitchen boasting timeless white cabinetry. Conveniently
located just minutes to RTP, DUKE and RDU airport. Short walk to
the neighborhood amenities including pool, tennis, playground,
beach volleyball courts & clubhouse fitness center.
Unit Size
2,112 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$133
Property Type
House
Property Taxes
$244
HOA Dues
$52
Year Built
1998
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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 #2299571)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Relisted | $500,000 | |
| Relisted | |||
| Apr 23, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Listed by Redfin Corporation | $500,000 | |
| Listed by Redfin Corporation | |||
| | |||
|
Back on the market! Welcome to 512 N Waters Edge Dr—a stunning waterfront property located at the end of a cul-de-sac in Grove Park community. Inside you'll find an inviting open floor plan with tons of natural light and vaulted ceiling. The main floor offers hardwood floors throughout, a living area, or could be used as office space, dining area, a spacious great room with a fireplace that opens to the modern kitchen with granite countertops and stainless steel appliances. Enjoy cooking, relaxing, or entertaining with the gorgeous water views. Top floor bedrooms including spacious primary suite with a private bathroom featuring a double vanity, walk-in shower and separate soaking tub. Enjoy the outdoors on the patio overlooking the serene lake, plus tons of community amenities including pool, tennis courts, pickleball courts, horse shoe toss, volleyball court, basketball court, playground, gym, and walking trail. Enjoy all that this lake front home has to offer! No issues with home. Buyer cited personal reasons.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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HOA + Taxes
About Grove Park
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Currently no similar homes aroundNearby Rentals
Listed by: Fabricio Pineda, Team Anderson Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2299571
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2299571
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