$589,000
●
House -
Off Market
7 Sylvan Road
Durham, NC 27701
4 Beds
2 Baths
2,701 Ft²
$868,914
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
Charming brick 1940's home on special street near Duke.
Beautiful woodwork includes a pretty oak turned spindle
stair, picture and crown mold. Oak floors, masonry fireplace
w/marble surround, arched doorways. This gem needs a little TLC but
is rare find and worthy of attention. Formerly the home of Taylor
Cole, Duke Provost, the home became a desirable residence for
visiting professors who could easily walk or bike to campus,
restaurants, etc. Vintage gardens w/camellias, herbs, roses,
boxwood.
Unit Size
2,701 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$218
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1940
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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 #2242522)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2023 | No longer available | - | |
| No longer available | |||
| Oct 17, 2023 | Price Decreased |
$970,000
↓ $30K
(3%) | |
| Price Decreased | |||
| Sep 14, 2023 | Listed by Mark Spain Real Estate | $1,000,000 | |
| Listed by Mark Spain Real Estate | |||
| | |||
|
A 1940 brick 4-bedroom home near Duke University embodies a charming blend of vintage character and modern comfort. Situated in a historic neighborhood close to the prestigious Duke University campus, this home offers a glimpse into the past while providing the conveniences of contemporary living. The house is constructed of durable brick, over time has aged gracefully, giving the home a timeless and sturdy appearance. Home features Living room w/fireplace, Formal Dining Area, Sunroom, Hardwood Floors. The manager has listed the unit size as 2607 square feet.
| |||
| May 1, 2019 | Sold | ||
| Sold | |||
| Mar 13, 2019 | Listed by Peak, Swirles & Cavallito | $589,000 | |
| Listed by Peak, Swirles & Cavallito | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Duke University - West Campus
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Susan Peak, Peak, Swirles & Cavallito
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2242522
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2242522
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