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901 Poplar St
Durham, NC

901 Poplar St

$490,700
4 bd • 3 ba • 2,710 sf

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

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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

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Risk Assessment

Risk Analysis

The lack of information on the home's age and systems poses a significant risk of unexpected repair costs. Durham's rapid growth and development could lead to increased property taxes and changing neighborhood dynamics. The area's vulnerability to severe weather events may result in higher insurance premiums and potential storm damage. The current price point, being above the median for Durham, may limit appreciation potential in the short term, especially if the market cools.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$485,500

-1.1% below list price

Median Price

$476,500

Based on 6 recent sales

Price per Sq.Ft

$188

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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