$349,000
●
House -
Off Market
518 Clearfield Drive
Durham, NC 27703
3 Beds
2 Baths,
1
Half Bath
1,784 Ft²
$1,934
Est. Monthly
$20
HOA / Fees
6.10%
Cap Rate
About This Property
LIGHT-FILLED, LOVELY AND BRIGHT. Ready for a versatile cutie of a
home on a corner lot with more than enough space to stretch out and
just be? Sign me up! How about enjoying a Living Room PLUS a Family
Room?! Do you think a spacious Primary Bedroom with it's own
ensuite bath as well as a couple more bedrooms upstairs is a good
idea? Good. We've got that. Maybe one of those bedrooms becomes a
nursery or an office for your side hustle or a place to put your
dusty treadmill? Tired of parking on the street? Well we're also
throwing in a 2-car garage + a driveway. If you'd rather use the
garage as a storage zone full of your action figure collection,
then go for it! Oh and I'd be silly to not mention that it's
located only 2 minutes to Mystic Distillery--I kid you not; 3
minutes to the NC Mts-to-Sea Trail's Little Lick Bridge; 13 minutes
to Snickroc Soft Serve Ice Cream--nom nom; 16 minutes to a Bulls
game (the Durham Bulls not the Chicago Bulls) and 21 minutes to
anywhere else (RDU Airport). I'm tired of writing now, so just come
see this beauty--I'm sure you'll be glad you did!
Unit Size
1,784 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$196
Property Type
House
Property Taxes
$200
HOA Dues
$20
Year Built
2003
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Cap Rate Calculator
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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 #10103528)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 17, 2025 | Listed by Nest Realty of the Triangle | $349,000 | |
| Listed by Nest Realty of the Triangle | |||
| Apr 16, 2020 | Sold | ||
| Sold | |||
| Dec 12, 2019 | Listed by Nest Realty of the Triangle | $229,900 | |
| Listed by Nest Realty of the Triangle | |||
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Property Highlights
Garage
Air Conditioning
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: Reade Ackner, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10103528
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10103528
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