$550,000
NEW CONSTRUCTION $30K PRICE DROP

1037 Masters Place Way Unit 112 Durham, NC 27703

Eastern Durham Neighborhood

Estimated payment $3,417/month

Total Views 1,432
3 Beds
2.5 Baths
2,265 Sq Ft
$243 Price per Sq Ft

Highlights

  • Golf Course Community
  • Senior Community
  • Traditional Architecture
  • New Construction
  • Clubhouse
  • 1 Fireplace

About This Home

Welcome to your dream home in this new 55+ Community! This Fontana plan has three bedrooms and two and a half-baths and is the perfect balance of luxury and practicality! As soon as you enter, you're greeted by a beautiful bedroom and study with double glass doors. The open kitchen boasts a large pantry, while the adjacent dining area provides plenty of space to entertain guests. The large family room is ideal for movie night or cozy gatherings with loved ones. The 3rd bedroom is upstairs with it's own private bathroom...perfect for guests. Enjoy the expansive view of the great outdoors in your beautiful sunroom! You'll love retreating to your private primary suite off the family room, complete with its own huge walk-in closet - every fashionista's dream! Finally, this gem features an attached 2 car garage - providing all the storage space necessary for years of happy memories here at your new home-sweet-home!

Listing Agent

Jolene Johnson

SM North Carolina Brokerage License #254251 Listed on: 07/02/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,744

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 7,841 Sq Ft Lot
  • Landscaped

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Private Driveway
  • 2 Open Parking Spaces

Home Design

  • Home is estimated to be completed on 7/31/25
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,265 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • High Ceiling
  • 1 Fireplace
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Home Office
  • Screened Porch
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Walk-in Shower

Accessible Home Design

  • Accessible Washer and Dryer

Outdoor Features

  • Patio
  • Rain Gutters

Schools

  • Oakgrove Elementary School
  • Neal Middle School
  • Southern High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 0861-92-2768

Community Details

Overview

  • Senior Community
  • Association fees include cable TV, internet, ground maintenance
  • Elite Management Professionals, Inc Association, Phone Number (919) 233-7660
  • Built by Stanley Martin Homes, LLC
  • Falls Village Subdivision, Fontana Floorplan
  • Falls Village 55+ Community

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Dog Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,744

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$275 per month

Parking

2

Listing Details

  • Builder Name: Stanley Martin Homes, LLC
  • Builder Model: Fontana
  • Year Built: 2025
  • Prop. Type: Residential
  • Reso Association Fee Includes: Cable TV, Internet, Maintenance Grounds
  • Subdivision Name: Falls Village
  • Above Grade Finished Sq Ft: 2265.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Effective Year Built: 2024
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2025-07-31
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Interior Features Smooth Ceilings: Yes
  • Property Condition Framed: No
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Second
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • Interior Features LivingDining Room Combination: Yes
  • General Property Information Association Phone: 919-233-7660
  • General Property Information Senior Community YN: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 275.0
  • Roof:Shingle: Yes
  • Room Types Entrance Hall: Yes
  • General Property Information Spa YN: No
  • General Property Information Above Grade Finished Area: 2265.0
  • General Property Information Carport YN: No
  • General Property Information Senior Community Name: Falls Village 55+
  • General Property Information Lot Size Square Feet2: 7840.8
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Builder Name: Stanley Martin Homes, LLC
  • General Property Information Builder Model: Fontana
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Flooring: Carpet, Luxury Vinyl, Tile
  • Interior Amenities: Double Vanity, Entrance Foyer, High Ceilings, Living/Dining Room Combination, Pantry, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
  • Private Spa: No
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Main Level Bathrooms: 3
  • Total Bedrooms: 8
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Range Hood: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Appliances:Gas Water Heater: Yes
  • Community Features:Golf: Yes
  • Community Features:Tennis Court(s)2: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Acres: 0.18
  • Home Warranty: Yes
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch, Screened
  • Accessibility Features:Accessible WasherDryer: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
  • Total Parking Spaces: 4.0
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Fireplace(s), Natural Gas
  • Cooling: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Community Features: Golf, Pool, Tennis Court(s)
  • Senior Community: Yes
  • Association Fee: 275.0
  • Association Fee Frequency: Monthly
  • Association Name: Elite Management Professionals, Inc
  • Phone: 919-233-7660
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Management Professionals, Inc
  • Association Amenities:Pool: Yes
  • Association Amenities:Trail(s): Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Cable TV2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Golf Course: Yes
  • Association Amenities:Dog Park: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 275.0
  • Association Fee Includes:Internet: Yes
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Durham - Southern
  • Middle Or Junior School: Durham - Neal

Lot Info

  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 0861-92-2768

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Durham - Oakgrove

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,744 $125,000 $125,000 $0
2023 $1,637 $125,000 $125,000 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Price Changed $550,000 -5.2% $243 / Sq Ft
07/02/2025 07/02/25 For Sale $580,000 -- $256 / Sq Ft
Source: Doorify MLS

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See All Homes in Durham

Source: Doorify MLS

MLS Number: 10107043

Doorify MLS

APN: 232876

North Carolina Durham County Durham 27703 Eastern Durham

1037 Masters Place Way Unit 112, Durham, NC

This home is located at 1037 Masters Place Way Unit 112, Durham, NC 27703 and is currently priced at $550,000, approximately $242 per square foot. This property was built in 2025. 1037 Masters Place Way Unit 112 is a home located in Durham County with nearby schools including Glenn Elementary, John W Neal Middle School, and Southern School of Energy & Sustainability.

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Nearby Homes
Listing Agent
Jolene Johnson
Section Image
SM North Carolina Brokerage
(919) 877-6603