$415,000
●
House -
Off Market
5507 Grand Mesa Drive
Durham, NC 27713
3 Beds
2 Baths,
1
Half Bath
1,833 Ft²
$406,969
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Welcome to this move-in-ready home in Southwest Durham. Excellent
location near RTP, downtown Durham, Southpoint Mall & Chapel Hill.
Fresh paint inside and outside, new carpet and LVP flooring, and
updated kitchen with granite countertops, new sink, and white
cabinets. A substantial primary bedroom & bath with cathedral
ceiling, a walk-in closet, an immediate bath with a garden tub and
shower, a loft area, and an eat-in kitchen that opens to the family
room. The room from the entry foyer is perfect for dining or an
office. 2-car garage. New HVAC in 2022 and new roof in 2021.
Move in Ready!
Unit Size
1,833 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$218
Property Type
House
Property Taxes
$249
HOA Dues
$60
Year Built
2000
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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: 12 months ago (TMLS #2500036)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Listed | $450,000 | |
| Listed | |||
| | |||
|
Beautifully updated 2-story home tucked away on private cul-de-sac street in popular SW Durham 27713! Open concept w/ upgrades & details galore incl. luxury vinyl plank flooring, fresh paint, & modern fixtures throughout. First floor offers spacious kitchen ft. SS appliances, gas range, granite counters, tile backsplash, & contemporary hardware w/ seamless transition into oversized family room ft. gas log fireplace! Expansive owner's suite ft. cathedral ceilings, dual vanity, garden tub, & WIC w/ custom shelving. Second floor continues with large secondary bedrooms & an even larger loft offering extra space and flexibility! Exterior features include covered front porch, private back patio, & fenced in backyard w/ terraced garden. Convenient Southpoint location minutes away from Raleigh, DT Durham & Chapel Hill w/ easy access to 40/55/885. Interactive 3D Virtual Tour & Aerial Video Available! Roof (2021). HVAC (2022).
| |||
| Apr 19, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | Listed by Real Broker LLC | $400,000 | |
| Listed by Real Broker LLC | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Baths
ft²
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About Durham
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Listed by: Cynthia Quarantello, Real Broker LLC
Last Updated: 12 months ago
Data Source: TMLS, MLS# 2500036
Last Updated: 12 months ago
Data Source: TMLS, MLS# 2500036
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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