31
Map
$339,990
↓ $40K (10.5%)
●
House -
For Sale
605 Timber Terrace Drive
Durham, NC 27704
4 Beds
3 Baths
1,996 Ft²
$2,335
Est. Monthly
$665
HOA / Fees
About This Property
Tucked away yet close to it all, Carpenter Falls offers the perfect
balance of privacy and convenience. Set in a beautiful, wooded
setting near I-40, I-540, RDU Airport, and just 15 miles from RTP,
this community puts everything within reach. The Raven
single-family home features designer-curated upgrades, an
open-concept layout ideal for entertaining, and an extended
grilling patio--plus affordable monthly payments and a trusted
warranty. Enjoy resort-style amenities including a pool and cabana,
fitness center, dog park, and playground designed for a connected,
vibrant lifestyle. HOA includes cable and internet. Carpenter Falls
is the perfect place to call home.
Unit Size
1,996 Ft²
Days on Market
153 days
Land Size
0.11 acres
Price per sqft
$170
Property Type
House
Property Taxes
$0
HOA Dues
$665
Year Built
-
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 days ago (TMLS #10170115)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Price Decreased |
$339,990
↓ $40K
(10.5%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Decreased |
$379,990
↓ $44K
(10.5%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Decreased |
$424,360
↓ $630
(0.2%) | |
| Price Decreased | |||
| May 28, 2026 | Listed by Pulte Home Company LLC | $424,990 | |
| Listed by Pulte Home Company LLC | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Additional Parking, Driveway, Garage, Garage Door Opener, Garage Faces Front
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Chandelier, Entrance Foyer, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Smart Thermostat, Storage, Walk-In Closet(s), Kitchen/Dining Room Combination, Quartz Counters, Smooth Ceilings, Walk-In Shower
Appliances: Dishwasher, Disposal, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Range, Instant Hot Water, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Tankless Water Heater, Vented Exhaust Fan
Flooring Type: Carpet, Luxury Vinyl, Vinyl
Door Features: Sliding Doors
Laundry Features: Electric Dryer Hookup, Laundry Room, Upper Level, Washer Hookup
Rooms: 7
Exterior Details
Has Property Attached
Square Footage: 1996
Security Features: Carbon Monoxide Detector(s), Firewall(s), Smoke Detector(s)
Property Condition: New Construction
Architectural Style: Traditional
Year Built: 2026
Builder Name: Centex Homes
Builder Model: Raven
Building Area Total: 1996
Levels: Two
Window Features: Blinds, Double Pane Windows, Insulated Windows, Screens, Window Coverings
Construction Materials: Batts Insulation, Blown-In Insulation, Concrete, Radiant Barrier, Vinyl Siding
Patio and Porch Features: Patio
Pool Features: Cabana, Community, In Ground
Pool is Private
Lot Features: Back Yard, Close to Clubhouse, Cul-De-Sac, Front Yard, Gentle Sloping, Interior Lot, Landscaped, Many Trees
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Water Source: Public
Financial Details
Tax Map Number: 67
Tax Annual Amount: $1
Utilities Details
Cooling Type: Central Air, Dual, Electric, Exhaust Fan, Heat Pump
Heating Type: Central, Electric, Exhaust Fan
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Internet, Maintenance Grounds, Road Maintenance, Storm Water Maintenance
HOA/Condo/Coop Amenities: Cabana, Cable TV, Dog Park, Maintenance Grounds, Playground, Pool
HOA Fee: $165
HOA Fee Frequency: Monthly
Condo/Coop Fee: $500
Condo/Coop Fee Frequency: One Time
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: Alex Lilly, Pulte Home Company LLC
Last Updated: 5 days ago
Data Source: TMLS, MLS# 10170115
Last Updated: 5 days ago
Data Source: TMLS, MLS# 10170115
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017