$205,000
●
House -
Off Market
707 Park Avenue Extension
Durham, NC 27703
3 Beds
1 Bath
976 Ft²
$313,118
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model
About This Property
Totally remodeled 3 Bedroom Home. Detached garage/accessory
building package. Both structures have new rooves, windows, paint,
trim, doors & fixtures. New granite c'tops & shaker cabinets
in Kitchen. Bathroom nicely upgraded. The private, fenced area rear
yard is highlighted by the custom stone fire place.
Unit Size
976 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$220
Property Type
House
Property Taxes
$85
HOA Dues
-
Year Built
1986
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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 #2273579)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2020 | Sold | ||
| Sold | |||
| Aug 17, 2019 | Listed by Griffin Associates REALTORS | $214,900 | |
| Listed by Griffin Associates REALTORS | |||
| Jan 26, 2019 | No longer available | - | |
| No longer available | |||
| Oct 11, 2018 | Listed | $249,000 | |
| Listed | |||
| | |||
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Unique 3/1 East Durham cottage & detached shed package. Builder-built (1986) & Builder-redone (2018). New roof, windows, paint, doors, HVAC & fixtures. Snazzy brick floors paint + trim. Kitchen: Granite countertops. Appliance Cr/Allowance to Buyer. Remodeled bathroom: subway tile, double vanity & bedroom door. Gas furnace & hot water. Want/Need: Office, Den or more living space. "Matching" 582 SF, detached shed with new roof, siding, concrete floor, wiring, etc. Beautiful, custom stone barbeque, at rear. The manager has listed the unit size as 976 square feet.
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Property Highlights
Parking Available
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East Durham
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Listed by: Bruce Clayton, Griffin Associates REALTORS
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2273579
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2273579
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