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    Cottage Collection in Hope Valley Title is generated by Realmo AI

    2040 Cotswood Lane, Durham, NC 27707

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    Claim this Listing
    Pending
    $1,944,633

    DUPLEX - Other - Durham, NC

    Property size:
    3,427 SF
    Lot size:
    0.18 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    110
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 2040 Cotswood Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Dining Room, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Family Room, Bathroom 2, Bathroom 5, Basement
    Parking
    2
    Fireplace
    1
    Basement
    Partially Finished
    Standard status
    Pending
    APN
    719679505
    Size
    3,427 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    OLDFOURTH SUB/LT#34D PL212-174

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Heat Pump (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    3
    Flooring type
    Tile, Carpet, Hardwood
    Building materials
    Brick Veneer, Fiber Cement
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Peggy Harris
    Peggy Harris

    Listing agent Peggy Harris

    Listing office Nest Realty of the Triangle 308 W Main Street, Durham, NC

    Listing date Feb 16, 2026

    MLS# 10146768 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in the highly coveted southwest corridor of Durham, near the Hope Valley Donald Ross golf course.
    • Unique, one‑of‑a‑kind cottage design with timeless character and modern luxury.
    • Open‑style floor plan with chef's kitchen and butler's pantry/scullery.
    • Spacious owner's suite with generously sized walk‑in closet and connections for a second washer/dryer.
    • Two additional ensuite bedrooms, flex space, and abundant walk‑in storage upstairs.
    • Generous 2‑car garage with room for a golf cart and incredible expansion opportunities.

    Overview

    Located in the historic Hope Valley area, the Cottage Collection at Oldfourth features single-family and paired cottages that blend classic design with modern amenities. Situated in Durham's southwest corridor, near the Hope Valley Donald Ross golf course, these homes offer an elevated and convenient lifestyle. Each cottage has a unique design. This home features an open floor plan with a chef's kitchen and a butler's pantry/scullery. It also includes a covered porch and an owner's suite with a walk-in closet that has connections for a second washer and dryer. The upstairs area offers two ensuite bedrooms, flex space, and walk-in storage. Additional features include a two-story windowed stairwell, a two-car garage with space for a golf cart, and expansion opportunities for additional flex space. The property occupies a 0.18-acre lot and has a property size of 3427 square feet.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.942894
    Latitude
    35.940506

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    FAQs

    What type of property is this?
    Single family property - Modern luxury meets timeless charm near Hope Valley golf course.
    Where is this single family property located?
    The property is located at 2040 Cotswood Lane Durham, NC.
    What is the asking price?
    The asking price for this property is $1,944,633.
    What are key features of this property?
    This property features: Located in the highly coveted southwest corridor of Durham, near the Hope Valley Donald Ross golf course.; Unique, one‑of‑a‑kind cottage design with timeless character and modern luxury.; Open‑style floor plan with chef's kitchen and butler's pantry/scullery.
    (919) 740-3072
    We can help!
    Listing Contact
    Peggy Harris
    Peggy Harris
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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