$440,000
↓ $5K (1.1%)
●
House -
For Sale
5505 Mccormick Road
Durham, NC 27713
4 Beds
2 Baths
1,611 Ft²
$2,513
Est. Monthly
$19
HOA / Fees
About This Property
$$$$$10,000 in concessions for this updated 4-bedroom home in a
convenient location to The Streets at Southpoint, dining, shopping,
and more! This home features extensive updates throughout,
including NEW flooring, NEW paint, NEW appliances, NEW quartz
countertops, NEW cabinets, NEW staircase, NEW lighting fixtures,
NEW plumbing fixtures, NEW landscaping, and NEW exterior and
interior doors.McCormick offers the flexibility for two potential
primary suites! Move-in ready with a fresh, modern feel and a
versatile floor plan! Homes with this combination of updates,
space, and location don't come along often. Schedule your private
showing today and come see everything this Durham home has to offer
before it's gone!
Unit Size
1,611 Ft²
Days on Market
43 days
Land Size
0.36 acres
Price per sqft
$273
Property Type
House
Property Taxes
$333
HOA Dues
$19
Year Built
1979
Listed By
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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: 12 days ago (TMLS #10193751)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2026 | Price Decreased |
$440,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Oct 12, 2026 | Price Decreased |
$444,999
↓ $1
(0%) | |
| Price Decreased | |||
| Sep 28, 2026 | Price Decreased |
$445,000
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Sep 15, 2026 | Listed by Southern Realty Group Inc. | $448,000 | |
| Listed by Southern Realty Group Inc. | |||
| Jul 2, 2026 | Sold | ||
| Sold | |||
Show More
Property Highlights
Interior Details
Full Bathrooms: 2
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Range, Self Cleaning Oven, Water Heater
Flooring Type: Carpet, Luxury Vinyl
Rooms: 6
Basement: Full
Exterior Details
Square Footage: 1611
Architectural Style: Craftsman, Modern, Traditional
Year Built: 1979
Building Area Total: 1611
Levels: Multi/Split, Two
Construction Materials: Brick, Frame
Lot Size Area: 0.36
Lot Size Units: Acres
Lot Size Acres: 0.36
Lot Size Square Feet: 15682
Water Source: Public
Financial Details
Tax Map Number: 861
Tax Assessed Value: $403,000
Tax Annual Amount: $3,999
Utilities Details
Cooling Type: Electric, Heat Pump
Heating Type: Electric, Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Unknown
HOA Fee: $225
HOA Fee Frequency: Annually
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
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Listed On
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Sold On
Sold On
HOA + Taxes
About Parkwood
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Alyssa Grace Upchurch, Southern Realty Group Inc.
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10193751
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10193751
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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