$550,000
↓ $20K (3.6%)
●
House -
Off Market
514 Jerome Road
Durham, NC 27713
4 Beds
3 Baths,
1
Half Bath
1,992 Ft²
$478,698
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
Offer deadline: Saturday 5/14/2022 at 8pm. Oh the joy you'll feel
on Jerome. This loving home offers light filled living space,
beautiful engineered hardwoods, and fireplace. 4 gracious bedrooms
including a large owners suite with walk-in closet. Outdoor lovers
will enjoy entertaining in this beautifully landscaped private
backyard which includes an expansive deck, pergola, an array of
perennials and strawberries ready to be picked.
Unit Size
1,992 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$238
Property Type
House
Property Taxes
$258
HOA Dues
$32
Year Built
2015
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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 #2448486)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2025 | Price Decreased |
$530,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Sep 3, 2025 | Price Decreased |
$550,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Aug 3, 2025 | Listed | $565,000 | |
| Listed | |||
| | |||
|
Make Jerome your new home! Nestled in a serene neighborhood, this charming home offers 4 bedrooms including a spacious owners suite and walk-in closet, two living areas with a fireplace, a large backyard with a playhouse, and a well-appointed kitchen. The gracious backyard is perfect for outdoor activities with plenty of perennials, and a beautiful deck for enjoying the hummingbirds in their season. Enjoy the benefits of nearby schools, shopping centers, as well as easy access to I-40 for commuting. Don't miss the opportunity to make this delightful house your new home!
| |||
| May 25, 2022 | Sold | ||
| Sold | |||
| May 12, 2022 | Listed by Urban Durham Realty | $475,000 | |
| Listed by Urban Durham Realty | |||
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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
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 Emory Woods Orchards
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Zuri Williams, Urban Durham Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2448486
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2448486
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