$695,000
●
House -
Off Market
516 Soapstone Drive #116
Durham, NC 27705
5 Beds
4 Baths
3,045 Ft²
$3,497
Est. Monthly
$60
HOA / Fees
About This Property
THE ALEXANDER floor plan is a beautifully designed 5-bedroom,
4-bathroom home offering approximately 3,045 sq ft of thoughtfully
planned living space. The main level features a private guest
suite, an open-concept kitchen with a large island and walk-in
pantry, and spacious living and dining areas ideal for
entertaining. Upstairs, you'll find four additional bedrooms,
including a luxurious primary suite, a versatile loft/bonus room,
and a secondary bedroom with its own private bath. Additional
highlights include 9-foot ceilings throughout, a 2-car garage.
Beazer Homes is proud to be America's #1 Energy Efficient homebuilder. Our FY25 average gross HERS score of 32 (38 excluding solar) was the lowest of the publicly reported scores among the top 30 U.S. homebuilders by volume identified by Builder Magazine's Top 100 List (based on 2025 total closings).
Easy access to I-85, Hwy 70, and US 15-501.
Beazer Homes is proud to be America's #1 Energy Efficient homebuilder. Our FY25 average gross HERS score of 32 (38 excluding solar) was the lowest of the publicly reported scores among the top 30 U.S. homebuilders by volume identified by Builder Magazine's Top 100 List (based on 2025 total closings).
Easy access to I-85, Hwy 70, and US 15-501.
Unit Size
3,045 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$230
Property Type
House
Property Taxes
-
HOA Dues
$60
Year Built
-
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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: 7 months ago (TMLS #10126798)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Price Decreased |
$699,900
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Oct 9, 2025 | Listed by Beazer Homes | $720,090 | |
| Listed by Beazer Homes | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Full Bathrooms: 4
Appliances: ENERGY STAR Qualified Appliances
Flooring Type: Carpet, Laminate, Tile
Rooms: 13
Exterior Details
Square Footage: 3045
Architectural Style: Farmhouse
Year Built: 2026
Building Area Total: 3045
Levels: Two
Building Area Units: Square Feet
Construction Materials: Fiber Cement, Low VOC Paint/Sealant/Varnish
Lot Size Area: 10018.8
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10018.8
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: Barbecue, Dog Park, Park, Playground
HOA Fee: $60
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/09/2025
|
5 Bed
|
4 Bath
|
3045 ft²
|
$720,090
5 Bed
4 Bath
3045 ft²
|
$695,000
-3.48%
03/27/2026
|
Matt Goss
Beazer Homes
|
Building Info
About Durham
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Listed by: Matt Goss, Beazer Homes
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10126798
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10126798
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