$298,000
●
House -
Off Market
702B Colfax Street
Durham, NC 27701
3 Beds
2 Baths
1,145 Ft²
$302,104
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
New construction opportunity in urban Durham! Enjoy living
just minutes to downtown Durham, American Tobacco, Duke & RTP!
This adorable home features an open layout w/ first floor
owner's bedroom, spacious kitchen w/ quartz countertops and
stainless steel appliances, LVP floors on first floor, upgraded
cabinets & tile throughout and much more! Home is just a few
weeks away from completion and features a great warranty program.
Don't miss out!
Unit Size
1,145 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$266
Property Type
House
Property Taxes
$28
HOA Dues
-
Year Built
1900
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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 #2513640)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 12, 2024 | Listed by Compass -- Cary | $300,000 | |
| Listed by Compass -- Cary | |||
| | |||
|
Beautiful 2 bedroom + 1.5 Bath completed in mid-2023, located a short distance to downtown Durham & Duke! This adorable home features an eat-in kitchen, a separate family room, and an office nook. The kitchen features quartz countertops, and stainless steel appliances including a brand new Whirlpool Fridge, LG Stack washer and dryer, Samsung Microwave, and Oven. Brand new blinds throughout the whole house. Less than 10 min drive to downtown Durham, 20 minutes to RDU and downtown Raleigh and 14 minute commute to Duke Regional Hospital.
| |||
| Sep 1, 2023 | Sold | ||
| Sold | |||
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Jun 2, 2023 | Listed by Durham Building Company | $279,000 | |
| Listed by Durham Building Company | |||
| | |||
|
Beautiful new construction home just a short distance to downtown Durham & Duke! This adorable home is perfect for someone who doesn't want a ton of space. The floor plan offers an eat-in kitchen, separate family room and tech space. Kitchen features quartz countertops, stainless steel appliances and upgraded cabinets. Home includes a great builder warranty and will be finished in just a few weeks. Great opportunity to get into this up-and-coming neighborhood for under $300K!
| |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Durham
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Listed by: Maggie Tackett, Durham Building Company
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2513640
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2513640
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