$330,000
●
House -
Off Market
702 Colonial Street
Durham, NC 27701
2 Beds
2 Baths
1,302 Ft²
$475,220
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Want your very own urban farm OASIS? This sweet little early 20th
CENT farmhouse is nestled on nearly half an acre, with an old barn
& tin shed. Newly fenced & with a good start on raised beds, this
is your urban farm dream come true! OR, sell the extra lot & still
enjoy the nearly 1/4 acre lot with the home. New roof, new HVAC, &
renovated kitchen make this home move-in ready! An extra 600+ sf on
2nd floor waiting to be finished! Deep front porch & ALL THINGS
DOWNTOWN just a five min drive away!
Unit Size
1,302 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$250
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1925
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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 #2290807)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| May 30, 2024 | Listed by Compass -- Chapel Hill - Durham | $450,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| | |||
|
This beautiful 1920's craftsman bungalow in Duke Park, Durham, boasts character at every turn with original 4-over-1 sash windows, a deep covered front porch, 10' beadboard ceilings, stunning heart pine floors, crown molding, high baseboards, and glass door knobs. The kitchen is delightfully updated with glossy green casework and a butcher block countertop. There are two bedrooms, one with an elegant modern ensuite featuring a vintage cast iron shower tub and historically design-appropriate small hex floor tiles. The front office with built-in floating shelves could also double as a 3rd bedroom. Let your renovation dreams go wild with expanding the unfinished attic space - there's plenty of room to grow! The fenced private backyard features a fire pit and off-street parking. Freshly painted inside and out, this home is a true gem. Located at the start of the future Durham Rail Trail bike path and just a 5-minute drive to downtown Durham. Come take a look! Please submit all offers by 12 noon on Tuesday, June 4th. Thanks!
| |||
| Dec 23, 2019 | Sold | ||
| Sold | |||
| Nov 27, 2019 | Listed by Inhabit Real Estate | $324,900 | |
| Listed by Inhabit Real Estate | |||
| Apr 23, 2013 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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HOA + Taxes
About Duke Park
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Listed by: Rebecca S Ives, Inhabit Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2290807
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2290807
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