$230,000
●
House -
Off Market
603 Fanning Way
Durham, NC 27704
3 Beds
3 Baths,
1
Half Bath
2,171 Ft²
$358,797
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Spacious light filled transitional home featuring hardwoods
downstairs, Corian countertops, two-car garage, both screened-in
porch AND patio, fenced in backyard, a bonus room above the garage,
walk-in crawl space, and tons of storage, this home has it all!
Freshly painted shutters, doors, and porch exterior, in the
tranquil and conveniently located Independence Park community, easy
drive to downtown, Duke, shopping and highways. Large beautiful
home for a great low price - a rare find these days!
Unit Size
2,171 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$104
Property Type
House
Property Taxes
-
HOA Dues
$55
Year Built
2004
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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 #2131524)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $225,000 | |
| Listed | |||
| | |||
|
Spacious light filled transitional home featuring hardwoods downstairs, Corian countertops, two-car garage, both screened-in porch AND patio, fenced in backyard, a bonus room above the garage, walk-in crawl space, and tons of storage, this home has it all! Freshly painted shutters, doors, and porch exterior, in the tranquil and conveniently located Independence Park community, easy drive to downtown, Duke, shopping and highways. Large beautiful home for a great low price - a rare find these days!The manager has listed the unit size as 2171 square feet.
| |||
| Jun 1, 2017 | Listed by Urban Durham Realty | $225,000 | |
| Listed by Urban Durham Realty | |||
| Jul 5, 2005 | Sold | ||
| Sold | |||
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 Northeast Durham
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Eila Voloshen, Urban Durham Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2131524
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2131524
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