NOT LISTED FOR SALE

121 Chestnut St Durham, NC 27707

Southside-Saint Teresa Neighborhood

Estimated Value: $335,000 - $401,546

4 Beds
2 Baths
1,360 Sq Ft
$268/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $370,000 $272 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,233/month

About This Home

As of April 2023

Duplex close to Everything ! DPAC, Duke Campus, Whole Foods, 9th street shops and restaurants. Units are tenant occupied. Minutes to Downtown Durham, Bulls Athletic Stadium. Very desirable location with separate parking pads for each unit, a private yard, street parking, and numerous updates. Turn key property for you. See MLS attachments for existing leases for $1,207/month and $1,250/month Upgrades since 2019-New water pipes -New paint -New electric (100 amp on each unit) -New Floor -New roof -crawlspace encapsulation -backyard clearing and grading -new windows -renovated kitchen with new appliances -renovated bathrooms with appliances -Upgraded LED lighting -New deck on side b, renovated deck on the side a -New doors -New siding & exterior paint -New Interior drywall -Security system installed on side b on all windows and doors (Guardian)

Last Agent to Sell the Property

Mike Montpetit

Town & Country Realty, Inc. License #181906 Listed on: 04/22/2023

Last Buyer's Agent

Lois V Magee

Northside Realty Inc. License #122964

Northside Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $757

Year Built

  • Built in 1983

Home Design

  • Masonite

Parking

  • 1 Parking Space
  • Off-Street Parking

Schools

  • Spaulding Elementary School
  • Githens Middle School
  • Jordan High School

Additional Features

  • Laminate Flooring
  • Laundry in unit
  • Crawl Space
  • Accessible Washer and Dryer
  • Lot Dimensions are 59x115x61x112
  • Forced Air Heating and Cooling System

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $1,611
  • Gross Income $2,457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$757

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Year Built: 1983
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Lot Size Dimensions: 59x115x61x112
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Call Mike at 919-614-9100 Duplex close to Everything ! DPAC, Duke Campus, Whole Foods, 9th street shops and restaurants. Units are tenant occupied. Minutes to Downtown Durham, Bulls Athletic Stadium. Very desirable location with separate parking pads for each unit, a private yard, street parking, and numerous updates. Turn key property for you. See MLS attachments for existing leases for $1,207/month and $1,250/month Upgrades since 2019-New water pipes -New paint -New electric (100 amp on each unit) -Ne
  • Flooring Laminate: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Type: Masonite
  • Accessibility Features:Accessible WasherDryer: Yes
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1.0
  • Parking Features:Off Street: Yes
  • General Property Information:Parking Total: 1.0

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Operating Expense: 1611.0

Schools

  • Ninth Grade High School: Durham - Jordan
  • Middle Or Junior School: Durham - Githens

Lot Info

  • Lot Dimensions: 59x115x61x112

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 757.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 2457.0

MLS Schools

  • Elementary School: Durham - Spaulding

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2019
Sold by
Grind Investments Llc
Bought by
Gross Andrew
Current Estimated Value
$364,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,377
Outstanding Balance
$174,867
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$190,020

Purchase Details

Closed on
Oct 10, 2018
Sold by
Gottschalk Jason L
Bought by
Grind Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Gottschalk Jason L

Purchase Details

Closed on
Mar 4, 2008
Sold by
Holden Kelby R
Bought by
Deutsche Bank National Trust Co and Soundview Home Loan Trust 2006-Wf1

Purchase Details

Closed on
Jul 25, 2006
Sold by
Global Vii Investments Llc
Bought by
Holden Kelby R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
9.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2006
Sold by
Wells Fargo Bank Na
Bought by
Global 7 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,550
Interest Rate
6.33%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 15, 2005
Sold by
Chase Earl and Chase Anika
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jul 23, 2003
Sold by
Spivey L Douglas
Bought by
Chase Earl and Chase Anika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,850
Interest Rate
8.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gross Andrew $200,000 None Available
Grind Investments Llc $139,000 None Available
Gottschalk Jason L $15,000 None Available
Deutsche Bank National Trust Co $66,320 None Available
Holden Kelby R $105,000 None Available
Global 7 Investments Llc $40,000 None Available
Wells Fargo Bank Na -- None Available
Mortgage Electronic Registration Systems $68,000 --
Chase Earl $76,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Andrew $198,377
Previous Owner Grind Investments Llc $160,000
Previous Owner Holden Kelby R $94,500
Previous Owner Wells Fargo Bank Na $53,550
Previous Owner Chase Earl $68,850
Closed Chase Earl $7,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $370,000 -- --
04/21/2023 04/21/23 Sold $370,000 -1.3% $272 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $375,000 -- $276 / 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 $3,852 $388,554 $188,500 $200,054
2024 $3,366 $241,337 $58,000 $183,337
2023 $3,076 $135,758 $57,750 $78,008
2022 $1,738 $135,758 $57,750 $78,008
2021 $1,729 $135,758 $57,750 $78,008
2020 $1,689 $135,758 $57,750 $78,008
2019 $1,689 $135,758 $57,750 $78,008
2018 $1,476 $108,786 $17,295 $91,491
2017 $1,465 $108,786 $17,295 $91,491
2016 $1,415 $108,786 $17,295 $91,491
2015 $1,018 $73,529 $13,433 $60,096
2014 $1,018 $73,529 $13,433 $60,096
Source: Public Records

Agents Affiliated with this Home

  • Mike Montpetit

    Seller's Agent in 2023

    Mike Montpetit

    Town & Country Realty, Inc.

    (919) 614-9100

    1 in this area

    357 Total Sales

    Mike Montpetit
    Section Image
  • Lois V Magee

    Buyer's Agent in 2023

    Lois V Magee

    Northside Realty Inc.

    (919) 349-1252

    1 in this area

    128 Total Sales

    Lois V Magee
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2506567

Doorify MLS

APN: 118659

North Carolina Durham County Durham 27701 Southside-Saint Teresa

121 Chestnut St, Durham, NC

Not Listed for Sale

MultiFamily

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.

Nearby Homes