$445,000
●
House -
Off Market
957 Spring Meadow Drive
Durham, NC 27713
4 Beds
2 Baths,
1
Half Bath
2,358 Ft²
$477,399
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
An incredible opportunity to own a move-in ready home of your
dreams in Hope Valley Farms, minutes from downtown Durham and DUKE.
Situated on a lovely corner lot with mature trees. Nestled on a
quiet street in a well-established neighborhood with a community
playground. This home features four bedrooms, two-and-a-half baths,
and an updated kitchen. Highlights and updates include luxury vinyl
plank flooring in foyer, living room, and kitchen, and fresh paint
throughout. Other features include nine-foot ceilings downstairs
with beautiful crown molding, custom built-in closets, and
beautiful landscaping including river rock borders and new grass
surrounding the home. Great investment property with excellent
rental potential! This house is a gem in the heart of Hope Valley
Farms. The sellers are motivated and have made a new price
adjustment. All offers will be reviewed November 1st. Thank
you for your interest in this lovely home.
Unit Size
2,358 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$191
Property Type
House
Property Taxes
$279
HOA Dues
$35
Year Built
2007
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Cap Rate Calculator
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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: 13 months ago (TMLS #2475019)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 12, 2022 | Sold | ||
| Sold | |||
| Sep 19, 2022 | Listed by Hodge&KittrellSothebysIntlRlty | $450,000 | |
| Listed by Hodge&KittrellSothebysIntlRlty | |||
| Aug 17, 2020 | Sold | ||
| Sold | |||
| Jun 12, 2020 | Listed by Hodge&KittrellSothebysIntlRlty | $309,900 | |
| Listed by Hodge&KittrellSothebysIntlRlty | |||
| Apr 22, 2014 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Hope Valley Farms North
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Claire Pope, Hodge&KittrellSothebysIntlRlty
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2475019
Last Updated: 13 months ago
Data Source: TMLS, MLS# 2475019
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