34
Map
$406,940
●
House -
For Sale
702 Timber Terrace Drive
Durham, NC 27704
4 Beds
3 Baths
1,996 Ft²
$2,664
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
43 days
Land Size
0.11 acres
Price per sqft
$204
Property Type
House
Property Taxes
$0
HOA Dues
$665
Year Built
-
Listed By
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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 months ago (TMLS #10192503)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2026 | Listed by Pulte Home Company LLC | $406,940 | |
| Listed by Pulte Home Company LLC | |||
Property Highlights
Air Conditioning
Garage
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
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
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: 94
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
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Listed by: Alex Lilly, Pulte Home Company LLC
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10192503
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10192503
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