$193,000
●
Condo -
Off Market
929 Morreene Road #B31
Durham, NC 27705
3 Beds
3 Baths
1,425 Ft²
$283,072
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model
About This Property
CALLING ALL INVESTORS!!! Positive Cash Flow with OUTSTANDING RENTAL
HISTORY! Presently rented and leased through May 2020. 3 bedroom /3
bath floor plan is popular with Duke Students. Dining room or
office, living room, sunroom, vaulted ceilings and skylights. All
appliances convey - stove, microwave, refrigerator, washer & dryer.
On the Duke University bus line and 0.8 miles from Duke University.
Unit Size
1,425 Ft²
Days on Market
-
Land Size
-
Price per sqft
$132
Property Type
Condo
Property Taxes
$184
HOA Dues
$268
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
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 #2230397)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2020 | Sold | ||
| Sold | |||
| Jun 4, 2020 | Listed by Fathom Realty NC, LLC | $238,000 | |
| Listed by Fathom Realty NC, LLC | |||
| | |||
|
Investor Alert! Great investment property! Close to Duke and on the bus line! High ceiling 3rd floor open layout condo in a very quiet neighborhood. 2019 rustic grey luxury vinyl plank flooring through out entire unit! No carpet! Large living room, dining room, sunroom and 3 bedrooms and each has its own full bathroom. Kitchen with breakfast bar, dishwasher, range. Washer/dryer convey. New lease $1950 in place starts Aug 1st, signed copy is in the attachment. Calling Final and Best Offer Today(6/25)12PM.
| |||
| Feb 25, 2019 | Sold | ||
| Sold | |||
| Jan 5, 2019 | Listed by Griffin Associates REALTORS | $187,500 | |
| Listed by Griffin Associates REALTORS | |||
| | |||
|
CALLING ALL INVESTORS!!! Positive Cash Flow with OUTSTANDING RENTAL HISTORY! Presently rented and leased through May 2020. 3 bedroom /3 bath floor plan is popular with Duke Students. Dining room or office, living room, sunroom, vaulted ceilings and skylights. All appliances convey - stove, microwave, refrigerator, washer & dryer. On the Duke University bus line and 0.8 miles from Duke University.
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Parking Features: Parking Lot
Interior Details
Full Bathrooms: 3
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Vinyl
Laundry Features: In Kitchen, Laundry Closet
Rooms: 7
Exterior Details
Has Property Attached
Square Footage: 1425
Architectural Style: Traditional
Year Built: 2002
Building Area Total: 1425
Levels: One
Building Area Units: Square Feet
Construction Materials: Fiber Cement
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $2,208
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air
Sewer : Public Sewer
Location Details
HOA Fee: $268
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/25/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$330,000
3 Bed
3 Bath
1426 ft²
|
$303,334
-8.08%
10/20/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/25/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$320,000
3 Bed
3 Bath
1426 ft²
|
$303,334
-5.21%
10/20/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/25/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$325,000
3 Bed
3 Bath
1426 ft²
|
$303,334
-6.67%
10/20/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/03/2025
|
3 Bed
|
3 Bath
|
1428 ft²
|
$325,000
3 Bed
3 Bath
1428 ft²
|
$325,000
06/25/2025
|
Muffin Dixon
Hodge & Kittrell Sotheby's International Realty
| |
|
02/12/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$325,000
3 Bed
3 Bath
1426 ft²
|
$320,000
-1.54%
04/02/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
01/02/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$360,000
3 Bed
3 Bath
1426 ft²
|
$308,000
-14.44%
03/19/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
07/25/2024
|
3 Bed
|
3 Bath
|
1424 ft²
|
$340,000
3 Bed
3 Bath
1424 ft²
|
$320,000
-5.88%
08/15/2024
|
Linda Nuxoll
EXP Realty LLC
| |
|
06/06/2023
|
3 Bed
|
3 Bath
|
1448 ft²
|
$325,000
3 Bed
3 Bath
1448 ft²
|
$310,000
-4.62%
06/28/2023
|
Jose Serrano
RE/MAX United
| |
|
04/19/2022
|
3 Bed
|
3 Bath
|
1425 ft²
|
$330,000
3 Bed
3 Bath
1425 ft²
|
-
-
|
Jia Liu
Prestige Properties Group
| |
|
10/21/2021
|
3 Bed
|
3 Bath
|
1426 ft²
|
$265,000
3 Bed
3 Bath
1426 ft²
|
$280,000
+5.66%
11/30/2021
|
May Huang
RE/MAX United
| |
|
06/04/2021
|
3 Bed
|
3 Bath
|
1426 ft²
|
$267,024
3 Bed
3 Bath
1426 ft²
|
$267,024
07/15/2021
|
Yang Yuan
CHK Realty
| |
|
08/07/2020
|
3 Bed
|
3 Bath
|
1431 ft²
|
$228,000
3 Bed
3 Bath
1431 ft²
|
$222,000
-2.63%
09/18/2020
|
Jeff Goldman
501 Nest Realty
| |
|
06/09/2020
|
3 Bed
|
3 Bath
|
1450 ft²
|
$212,000
3 Bed
3 Bath
1450 ft²
|
$203,500
-4.01%
08/31/2020
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/04/2020
|
3 Bed
|
3 Bath
|
1448 ft²
|
$238,000
3 Bed
3 Bath
1448 ft²
|
$232,000
-2.52%
07/24/2020
|
Jack Yen
Fathom Realty NC, LLC
| |
|
05/06/2020
|
3 Bed
|
3 Bath
|
1426 ft²
|
$238,000
3 Bed
3 Bath
1426 ft²
|
$225,000
-5.46%
07/29/2020
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
04/02/2020
|
3 Bed
|
3 Bath
|
1426 ft²
|
$230,000
3 Bed
3 Bath
1426 ft²
|
$220,000
-4.35%
05/29/2020
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
03/19/2020
|
3 Bed
|
3 Bath
|
1426 ft²
|
$215,000
3 Bed
3 Bath
1426 ft²
|
-
-
|
-
| |
|
02/06/2020
|
3 Bed
|
3 Bath
|
1450 ft²
|
$207,500
3 Bed
3 Bath
1450 ft²
|
$212,000
+2.17%
03/30/2020
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
01/21/2020
|
3 Bed
|
3 Bath
|
1446 ft²
|
$232,000
3 Bed
3 Bath
1446 ft²
|
$225,000
-3.02%
04/15/2020
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
10/24/2019
|
3 Bed
|
3 Bath
|
1426 ft²
|
$230,000
3 Bed
3 Bath
1426 ft²
|
$225,000
-2.17%
01/03/2020
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
08/29/2019
|
3 Bed
|
3 Bath
|
1426 ft²
|
$215,000
3 Bed
3 Bath
1426 ft²
|
$221,000
+2.79%
10/04/2019
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
01/05/2019
|
3 Bed
|
3 Bath
|
1425 ft²
|
$187,500
3 Bed
3 Bath
1425 ft²
|
$193,000
+2.93%
02/25/2019
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
10/24/2018
|
3 Bed
|
3 Bath
|
1426 ft²
|
$190,000
3 Bed
3 Bath
1426 ft²
|
$191,000
+0.53%
11/20/2018
|
Johnathan Howard
Berkshire Hathaway HomeService
| |
|
03/10/2018
|
3 Bed
|
3 Bath
|
1372 ft²
|
$185,000
3 Bed
3 Bath
1372 ft²
|
$180,000
-2.70%
05/11/2018
|
Brooks Brittingham
Berkshire Hathaway HomeService
| |
|
10/01/2017
|
3 Bed
|
3 Bath
|
1426 ft²
|
$176,500
3 Bed
3 Bath
1426 ft²
|
$176,500
10/26/2017
|
Delynda Cook
DeLynda Realty LLC
| |
|
09/02/2017
|
3 Bed
|
3 Bath
|
1426 ft²
|
$174,900
3 Bed
3 Bath
1426 ft²
|
$173,000
-1.09%
09/26/2017
|
Delynda Cook
DeLynda Realty LLC
| |
|
07/16/2017
|
3 Bed
|
3 Bath
|
1426 ft²
|
$169,900
3 Bed
3 Bath
1426 ft²
|
$169,900
08/10/2017
|
Buck Dickerson
Dickerson Brady Realty, Inc.
| |
|
03/25/2017
|
3 Bed
|
3 Bath
|
1372 ft²
|
$167,000
3 Bed
3 Bath
1372 ft²
|
$160,000
-4.19%
05/03/2017
|
Kevin Davis
RE/MAX Preferred Properties
| |
|
10/31/2016
|
3 Bed
|
3 Bath
|
1372 ft²
|
$163,000
3 Bed
3 Bath
1372 ft²
|
$158,000
-3.07%
03/31/2017
|
Mike Tao
Dunlap Lilley Properties
| |
|
07/12/2016
|
3 Bed
|
3 Bath
|
1426 ft²
|
$169,000
3 Bed
3 Bath
1426 ft²
|
$154,000
-8.88%
10/07/2016
|
Hannah Chan
Cary-Raleigh Realty, Inc.
| |
|
03/11/2016
|
3 Bed
|
3 Bath
|
1400 ft²
|
$159,900
3 Bed
3 Bath
1400 ft²
|
$149,000
-6.82%
04/26/2016
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
09/21/2015
|
3 Bed
|
3 Bath
|
1426 ft²
|
$150,000
3 Bed
3 Bath
1426 ft²
|
$147,000
-2.00%
11/09/2015
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
08/16/2014
|
3 Bed
|
3 Bath
|
1426 ft²
|
$150,000
3 Bed
3 Bath
1426 ft²
|
$145,000
-3.33%
06/22/2015
|
Muffin Dixon
Hodge & Kittrell Sotheby's International Realty
| |
|
08/25/2013
|
3 Bed
|
3 Bath
|
1426 ft²
|
$185,000
3 Bed
3 Bath
1426 ft²
|
$150,000
-18.92%
12/28/2015
|
Paula Walls
Howard Perry & Walston Realty
| |
|
01/01/2013
|
3 Bed
|
3 Bath
|
1426 ft²
|
$144,900
3 Bed
3 Bath
1426 ft²
|
$136,000
-6.14%
01/20/2015
|
Paula Walls
Howard Perry & Walston Realty
|
Building Info
About Durham
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Listed by: Bruce Clayton, Griffin Associates REALTORS
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2230397
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2230397
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