![IMG_1432[1]](https://images.homes.com/listings/102/7337047304-276569781/1206-gearwood-ave-durham-nc-unit-a-b-primaryphoto.jpg)
![IMG_1433[1]](https://images.homes.com/listings/214/4537047304-276569781/1206-gearwood-ave-durham-nc-unit-a-b-buildingphoto-2.jpg)
1206 Gearwood Ave Unit A & B Durham, NC 27701
Central Park Neighborhood
2
Beds
2
Baths
1,300
Sq Ft
6,098
Sq Ft Lot
Highlights
- No HOA
- Heating Available
- 5-minute walk to East End Park
- Cooling Available
- 1-Story Property
About This Home
As of April 2025Location, location, this property is one mile from downtown Durham. Investor special in an up-and-coming neighborhood. Lots of redevelopment taking place in the area. Lots of possibilities. Home was previously Duplex with one bed, one bath in each unit.
Last Agent to Sell the Property
Fathom Realty NC, LLC License #339188 Listed on: 11/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,944
Year Built
- Built in 1944
Lot Details
- 6,098 Sq Ft Lot
Home Design
- Fixer Upper
- Shingle Roof
- Vinyl Siding
- Lead Paint Disclosure
Interior Spaces
- 1,300 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- 2 Open Parking Spaces
Schools
- Eastway Elementary School
- Lucas Middle School
- Northern High School
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
- Geerwood Park Subdivision
Listing and Financial Details
- Court or third-party approval is required for the sale
- Assessor Parcel Number 0831-38-2768
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 2, 2024
Closed on
Apr 11, 2025
Sold by
Bluett Sherrie Locklear
Bought by
Et Buyes Homes Llc
Seller's Agent
Melvin Rogers
Fathom Realty NC, LLC
Buyer's Agent
Ian Kipp
Berkshire Hathaway HomeService
List Price
$275,000
Sold Price
$200,000
Premium/Discount to List
-$75,000
-27.27%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242
Avg. Annual Appreciation
-1.73%
Original Mortgage
$100,000
Interest Rate
6.83%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 8, 2016
Sold by
Bluett Michael Lee
Bought by
Bluett Sherrie Locklear
Purchase Details
Closed on
Aug 14, 2007
Sold by
Matison Property Co Inc
Bought by
Bluett Michael Lee and Bluett Sherrie Locklear
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,404
Interest Rate
6.63%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 2, 2005
Sold by
Barndoor Properties Inc
Bought by
Matison Property Co Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.72%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Nov 5, 1999
Sold by
The American Housing Council Inc
Bought by
Mccormick John
Similar Homes in Durham, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | None Listed On Document | |
| Warranty Deed | $200,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $76,000 | None Available | |
| Warranty Deed | $516,500 | -- | |
| Warranty Deed | $22,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $620,000 | Construction | |
| Closed | $100,000 | Construction | |
| Closed | $465,000 | Construction | |
| Previous Owner | $3,783 | FHA | |
| Previous Owner | $11,637 | No Value Available | |
| Previous Owner | $75,404 | FHA | |
| Previous Owner | $360,000 | Stand Alone First | |
| Previous Owner | $34,294 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | Sold | $200,000 | -27.3% | $154 / Sq Ft |
| 12/04/2024 12/04/24 | Pending | -- | -- | -- |
| 11/02/2024 11/02/24 | For Sale | $275,000 | -- | $212 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $1,944 | $139,384 | $79,870 | $59,514 |
| 2023 | $1,826 | $139,384 | $79,870 | $59,514 |
| 2022 | $1,784 | $139,384 | $79,870 | $59,514 |
| 2021 | $1,776 | $139,384 | $79,870 | $59,514 |
| 2020 | $1,734 | $139,384 | $79,870 | $59,514 |
| 2019 | $1,734 | $139,384 | $79,870 | $59,514 |
| 2018 | $909 | $66,986 | $17,115 | $49,871 |
| 2017 | $902 | $66,986 | $17,115 | $49,871 |
| 2016 | $872 | $66,986 | $17,115 | $49,871 |
| 2015 | $1,042 | $75,270 | $15,639 | $59,631 |
| 2014 | $1,042 | $75,270 | $15,639 | $59,631 |
Source: Public Records
Agents Affiliated with this Home
-
Melvin Rogers
M
Seller's Agent in 2025
Melvin Rogers
Fathom Realty NC, LLC
(919) 514-7365
1 in this area
1 Total Sale
-
Ian Kipp
Buyer's Agent in 2025
Ian Kipp
Berkshire Hathaway HomeService
(919) 313-3445
2 in this area
108 Total Sales
Map
Source: Doorify MLS
MLS Number: 10061418
APN: 110851
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