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901 Poplar St
Score
0
Durham, NC

901 Poplar St

491K
4 bd • 3 ba • 2,710 sf

This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$490,700

Price/Sq.Ft

$181

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 901 Poplar St, Durham, NC 27703 offers excellent value with a price per square foot of $181.07, which is significantly lower than the average for Durham (typically ranging from $200-$250/sqft). With 4 bedrooms and 3 bathrooms across 2,710 sqft, it provides ample space for families or those needing extra rooms. The house appears to be in good condition based on the image, with attractive exterior features including vinyl siding, shutters, and a two-car garage. Its location in Durham provides access to a vibrant job market, particularly with proximity to Research Triangle Park. The median income of $73,550 in the area suggests a stable neighborhood.

The Bad

The lack of detailed information about the year built and specific features of the home makes it difficult to assess potential maintenance issues or needed upgrades. The property's price of $490,700 is above the median home value in Durham (typically around $320,000-$350,000), which may limit the pool of potential buyers. While the square footage is generous, the layout and quality of finishes are unknown, which could impact the overall value proposition. The lack of information on utilities and systems raises concerns about potential hidden costs or necessary upgrades.

The Ugly

Without specific information on the age of the home and its systems, there's a risk of significant near-term expenses for replacements or upgrades. If the property is relatively new, it may have been built during Durham's rapid growth period, potentially indicating rushed construction or lower quality materials. The area's susceptibility to severe weather events, including hurricanes, could lead to higher insurance costs and potential damage risks. The rapid appreciation in Durham's market may be slowing, which could impact future value growth.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for families or professionals needing space, with a household income of at least $120,000 to comfortably afford the mortgage and associated costs (based on a 28% front-end DTI ratio). It's ideal for those prioritizing square footage and bedroom count over premium finishes or ultra-modern amenities. The property could appeal to investors looking for rental potential, as the four-bedroom rental rate of $2,031 suggests a potential gross yield of about 5% (before expenses).

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given its price point above the Durham median. It's also not ideal for buyers seeking a low-maintenance lifestyle or those uncomfortable with potential unknown repair needs. Investors looking for immediate high cash flow might find the potential rental yield too low compared to other opportunities in the area.
Demographics
Area Median Income

$73,550

Property History

Price History
Ownership Timeline
$335,000Financed
Apr 11, 2019
Mark A DemanaDavid Nason, Ellen Nason
Warranty Deed
Standard Sale (Purchase/Resales)
$268,000Financed
Nov 15, 2013
The Ryland Group IncMark A Demana
Special Warranty Deed
New Construction Residential Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

4.0/10
Average

Middle

4.0/10
Average

High

2.0/10
Below Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,128

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$490,700
Price/sqft
$181
Layout
4 bd3 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$485,500

1.1%

Your price is 1.1% above average

Median Price

$476,500

3.0%

Based on 6 recent sales

Price per Sq.Ft

$188

3.7%

Your price is 3.7% below average $/sqft

Comparable Properties

812 Ember Drive, Durham, NC 27703
Price: $476,500
Sq.Ft: 2,737
Beds/Baths: 4/3
$/Sq.Ft:
$1743.9%
Sale Date: 11/8/2024
812 Ember Drive, Durham, NC 27703
Price: $476,500
Sq.Ft: 2,737
Beds/Baths: 4/3
$/Sq.Ft:
$1743.9%
Sale Date: 11/8/2024
1010 Frisco Court, Durham, NC 27703
Price: $525,000
Sq.Ft: 2,454
Beds/Baths: 3/3
$/Sq.Ft:
$21418.2%
Sale Date: 12/5/2024
1010 Frisco Court, Durham, NC 27703
Price: $525,000
Sq.Ft: 2,454
Beds/Baths: 3/3
$/Sq.Ft:
$21418.2%
Sale Date: 12/5/2024
314 Vintage Holly Drive, Durham, NC 27703
Price: $455,000
Sq.Ft: 2,584
Beds/Baths: 4/3
$/Sq.Ft:
$1762.8%
Sale Date: 10/22/2024
314 Vintage Holly Drive, Durham, NC 27703
Price: $455,000
Sq.Ft: 2,584
Beds/Baths: 4/3
$/Sq.Ft:
$1762.8%
Sale Date: 10/22/2024

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