$567,000
SOLD AUG 20, 2025

1203 Masters Place Way Unit 182 Durham, NC 27703

Eastern Durham Neighborhood
3 Beds
2.5 Baths
2,411 Sq Ft
9,947 Sq Ft Lot

Recently Sold

$235 Per Sq Ft

1% Below List Price

28 Days on Market

Highlights

  • Golf Course Community
  • New Construction
  • Clubhouse
  • Fitness Center
  • Active Adult
  • Transitional Architecture

About This Home

As of August 2025

Welcome to The Salters—your dream home in one of the most desirable 55+ communities! This elegant 3-bedroom, 2.5-bath residence is designed to offer both luxurious living and everyday comfort. Step into the sophisticated formal dining room, ideal for hosting dinners and celebrations, with effortless access to the kitchen for seamless entertaining. The kitchen itself is a true centerpiece, featuring a spacious island perfect for meal prep, casual dining, and gathering with loved ones. The open-concept family room flows beautifully into a covered patio, creating the perfect indoor-outdoor living experience—whether you're enjoying sunny afternoons or cozy evenings by a fire. When it's time to unwind, escape to your serene primary suite complete with a dual vanity bath and an expansive walk-in closet designed to accommodate your entire wardrobe with ease. Need a quiet space to focus or get creative? A dedicated study offers the flexibility to serve as a home office, craft room, or anything your lifestyle requires. The Salters is more than just a house—it's the ideal place to call home. Don't miss this opportunity to enjoy refined living in a vibrant, low-maintenance community!

Last Agent to Sell the Property

Jolene Johnson

SM North Carolina Brokerage License #254251 Listed on: 06/30/2025

Last Buyer's Agent

Crystal Ledbetter

Better Homes & Gardens Real Es License #331388

Better Homes & Gardens Real Es

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,097

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 9,947 Sq Ft Lot

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Private Driveway
  • 2 Open Parking Spaces

Home Design

  • Home is estimated to be completed on 8/26/25
  • Transitional Architecture
  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,411 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Entrance Foyer
  • Family Room
  • Home Office
  • Pull Down Stairs to Attic
  • Laundry on main level

Kitchen

  • Built-In Oven
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bathroom on main floor
  • Walk-in Shower

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Wake County Schools Elementary And Middle School
  • Southern High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0861-93-4405

Community Details

Overview

  • Active Adult
  • 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, The Salters Floorplan
  • Falls Village 55+ Community

Amenities

  • Clubhouse
  • Billiard Room

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Dog Park
  • Jogging Path
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,097

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: The Salters
  • Year Built: 2025
  • Prop. Type: Residential
  • Reso Association Fee Includes: Cable TV, Internet, Maintenance Grounds
  • Subdivision Name: Falls Village
  • Above Grade Finished Sq Ft: 2411.0
  • Architectural Style: Ranch, Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Effective Year Built: 2025
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Wall Oven: Yes
  • Architectural Style Ranch: Yes
  • Architectural Style Transitional: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2025-08-26
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • 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
  • General Property Information Above Grade Finished Area: 2411.0
  • General Property Information Carport YN: No
  • Room Types Primary Bathroom Level: Main
  • General Property Information Senior Community Name: Falls Village 55+
  • General Property Information Lot Size Square Feet2: 9947.0
  • General Property Information Lot Size Acres: 0.2284
  • General Property Information Stories2: 1
  • Association Amenities Billiard Room: Yes
  • General Property Information Builder Name: Stanley Martin Homes, LLC
  • General Property Information Waterfront YN: No
  • General Property Information Builder Model: The Salters
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1
  • Year Renovated: 2025

Interior Features

  • Flooring: Luxury Vinyl, Tile
  • Interior Amenities: Entrance Foyer, High Ceilings, Kitchen Island, Primary Downstairs, Quartz Counters, Walk-In Shower
  • Appliances: Dishwasher, Gas Water Heater, Ice Maker, Oven, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 2
  • Total Bedrooms: 8
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Gas Water Heater: Yes
  • Community Features:Fitness Center2: Yes
  • Community Features:Tennis Court(s)2: Yes
  • Appliances:Oven: Yes
  • Community Features:Sidewalks: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Kitchen Island: Yes
  • Community Features:Clubhouse2: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Acres: 0.23
  • Waterfront: No
  • Construction Type: Concrete, Vinyl Siding
  • Foundation Details: Concrete, Slab
  • Patio And Porch Features: Covered, Patio
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Concrete2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Attached, Concrete, Driveway, Garage
  • Total Parking Spaces: 4.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: 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: Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Pool, Sidewalks, Street Lights, 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
  • Association Amenities:Fitness Center: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 275.0
  • Association Amenities:Cable TV: Yes
  • Association Fee Includes:Internet: Yes
  • Association Amenities:Jogging Path: Yes
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Durham - Southern
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Size Sq Ft: 9947.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0861-93-4405

Tax Info

  • Tax Annual Amount: 1.39
  • Tax Year: 2025

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2025
Closed on
Aug 13, 2025
Sold by
Stanley Martin Homes Llc
Bought by
Willoughby Michael J and Willoughby Deanna D
Seller's Agent
Jolene Johnson
SM North Carolina Brokerage
Buyer's Agent
Crystal Ledbetter
Better Homes & Gardens Real Es
List Price
$575,000
Sold Price
$567,000
Premium/Discount to List
-$8,000
-1.39%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$439,000
Outstanding Balance
$377,331
Interest Rate
6.72%
Mortgage Type
Construction
Estimated Equity
$194,467
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $567,000 None Listed On Document
Special Warranty Deed $567,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $439,000 Construction
Closed $439,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2025 08/20/25 Sold $567,000 -1.4% $235 / Sq Ft
07/28/2025 07/28/25 Pending -- -- --
06/30/2025 06/30/25 For Sale $575,000 -- $238 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

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
2025 $1,097 $110,700 $110,700 $0
2024 $1,744 $125,000 $125,000 $0
2023 $1,637 $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jolene Johnson

    SM North Carolina Brokerage

    (919) 215-6479

    22 in this area

    200 Total Sales

    Jolene Johnson
    Section Image
  • Crystal Ledbetter

    Buyer's Agent in 2025

    Crystal Ledbetter

    Better Homes & Gardens Real Es

    (760) 224-3976

    1 in this area

    48 Total Sales

    Crystal Ledbetter
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10106573

Doorify MLS

APN: 232947

North Carolina Durham County Durham 27703 Eastern Durham

1203 Masters Place Way Unit 182, Durham, NC

This home is located at 1203 Masters Place Way Unit 182, Durham, NC 27703 and is currently priced at $567,000, approximately $235 per square foot. This property was built in 2025. 1203 Masters Place Way Unit 182 is a home located in Durham County with nearby schools including Glenn Elementary, John W Neal Middle School, and Southern School of Energy & Sustainability.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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