$412,500
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Land -
Off Market
617 Dappled Pine Avenue
Durham, NC 27713
Studio
0 Bath
$428,295
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Location, Location, and Luxury! Build your custom dream home in
Colvard Farms. Three quality builders to choose from: Loyd
Builders, St.Clair, or Hearthstone Luxury Homes. First class
amenities include a junior Olympic-sized pool and a clubhouse
featuring a fitness center, full kitchen, and conference rooms. A
shady playground is nestled into the woods nearby and two tennis
courts and walking trails. Less than 2 miles from I-40 and
Southpoint mall. A 15 minute drive to RDU Airport. Close to UNC,
DUKE, RTP, New Apple Campus, Jordan Lake, and numerous golf
courses. Special assessment of $600/qtr for next 4 qtrs.
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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 #2487452)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2023 | Sold | ||
| Sold | |||
| Dec 16, 2022 | Listed by Keller Williams Elite Realty | $425,000 | |
| Listed by Keller Williams Elite Realty | |||
| Jun 24, 2022 | Sold | ||
| Sold | |||
| Jan 1, 2022 | Listed by Julie Wright Realty Group LLC | $395,000 | |
| Listed by Julie Wright Realty Group LLC | |||
| | |||
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Don't miss your chance to enjoy living in peaceful rural surroundings but still close to everything you need! Minutes to RDU, UNC, Duke, RTP & Jordan Lake. This extra large, fully cleared lot will be perfect for a dream home constructed by one of our award-winning, luxury custom home builders. Amenities include swimming pool, tennis courts, playground, clubhouse & paved walking trails. Don't wait-only a few of these Phase 12B lots are left! NOTE: Special assessment of $4800 over 24 months effective 1/2022
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About Durham
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Listed by: Jennifer Patterson, Keller Williams Elite Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2487452
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2487452
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