NOT LISTED FOR SALE

Estimated Value: $409,311 - $829,000

3 Beds
1 Bath
1,223 Sq Ft
$486/Sq Ft Est. Value

Last Sold February 22, 2023

Last sale price $300,000 $245 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,318/month

55 Days on Market

Highlights

  • The property is located in a historic district
  • Ranch Style House
  • No HOA
  • Lakewood Montessori Middle School Rated A-
  • Wood Flooring
  • 5-minute walk to Orchard Park

About This Home

As of February 2023

Fantastic Investment Opportunity in the Desirable, Walkable, Historical Neighborhood of Morehead Hill. 1223 sf Brick Ranch w/ 1286sf Unfinished Basement w/both Inside & Outside Entrances. Total Rehab Needed or Buildable .255ac Lot, minutes to Downtown Durham. Home being sold AS-IS, Seller makes No Representations. Close to Duke, American Tobacco Campus, Brightleaf Square, DPAC, DBAP, American Tobacco Trail, Morehead Montessori and Camelot Academy. Quick hop onto Durham Freeway. Presumed Shared Drive (buyer to confirm.) Front yard UGST. So much Potential, Ideal Location!

Last Agent to Sell the Property

Jill Rekuc

Olde Raleigh Real Estate, LLC License #197070 Listed on: 11/17/2022

Co-Listed By

Tiffany Timberlake

Olde Raleigh Real Estate, LLC License #286568

Last Buyer's Agent

Eddie Wilson

RIG REAL ESTATE LLC License #307862

RIG REAL ESTATE LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,238

Year Built

  • Built in 1954

Lot Details

  • 0.26

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,223 Sq Ft Home
  • Entrance Foyer
  • Family Room with Fireplace
  • Pull Down Stairs to Attic
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

  • Interior and Exterior Basement Entry
  • Laundry in Basement

Parking

  • Garage
  • Side Facing Garage

Schools

  • Spaulding Elementary School
  • Brogden Middle School
  • Jordan High School

Utilities

  • No Cooling
  • Floor Furnace

Additional Features

  • 0.26 Acre Lot
  • The property is located in a historic district

Community Details

  • No Home Owners Association
  • Association fees include unknown

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,238

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Year Built: 1954
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Co List Office Phone: 919-389-0555
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1223.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Below Grade Unfinished Area: 1286.0
  • General Property Information Total Unfinished Area2: 1286.0
  • General Property Information Lot Size Dimensions: no survey
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Architectural Style Ranch: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Remarks and Miscellaneous Syndication Remarks2: Call LA, Jill, 919-389-0555. Fantastic Investment Opportunity in the Desirable, Historical Neighborhood of Morehead Hill. 1223 sf Brick Ranch, with 1286sf Unfinished Basement w/both Inside & Outside Entrances. Total Rehab Needed or Buildable .255ac Lot minutes to Downtown Durham. Home being sold AS-IS, Seller makes No Representations. Close to Duke, American Tobacco Campus, Brightleaf Square, DPAC, DBAP, American Tobacco Trail. Quick hop onto Durham Freeway. Buyer to confirm if Driveway is shared.
  • General Property Information Senior Community YN: No
  • Flooring Laminate: Yes
  • Community Features Historical Area: Yes
  • Laundry Features In Basement: Yes
  • Heating None12: Yes
  • Cooling None4: Yes
  • General Property Information Above Grade Finished Area: 1223.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 11107.8
  • General Property Information Lot Size Acres: 0.255
  • General Property Information:Living Area3: 1223.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Laminate
  • Interior Amenities: Bathtub/Shower Combination, Eat-in Kitchen, Entrance Foyer
  • Basement: Exterior Entry, Interior Entry, Unfinished
  • Appliances: None
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Interior Features:Entrance Foyer: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Basement:Unfinished: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Appliances:None2: Yes

Exterior Features

  • Acres: 0.26
  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage Faces Side
  • Parking Features:Garage Faces Side: Yes

Utilities

  • Heating: Floor Furnace, None
  • Cooling: None
  • Cooling Y N: No
  • HeatingYN: No
  • Water Source: Public
  • Heating:Floor Furnace: Yes

Condo/Co-op/Association

  • Community Features: Historical Area
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: no survey
  • Lot Size Sq Ft: 11107.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3238.0

MLS Schools

  • Elementary School: Durham - Spaulding

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2024
Sold by
Cannon Jesse
Bought by
Artillery Capital Llc
Current Estimated Value
$593,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,000
Interest Rate
6.89%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 17, 2022
Closed on
Feb 14, 2023
Sold by
Grissom Effie Rachel
Bought by
Cannon Jesse
Seller's Agent
Jill Rekuc
Olde Raleigh Real Estate, LLC
Buyer's Agent
Eddie Wilson
RIG REAL ESTATE LLC
List Price
$355,000
Sold Price
$300,000
Premium/Discount to List
-$55,000
-15.49%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.86%
Original Mortgage
$240,000
Interest Rate
6.33%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 29, 2005
Sold by
Mcleod Cornelia Grissom and Mcleod Randall A
Bought by
Grissom Rachel
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
Artillery Capital Llc -- None Listed On Document
Cannon Jesse $300,000 --
Grissom Rachel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Artillery Capital Llc $481,000
Previous Owner Cannon Jesse $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $300,000 -- --
02/22/2023 02/22/23 Sold $300,000 -7.7% $245 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
01/03/2023 01/03/23 Price Changed $325,000 -8.5% $266 / Sq Ft
11/16/2022 11/16/22 For Sale $355,000 -- $290 / 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 $2,920 $294,549 $252,000 $42,549
2024 $3,529 $252,971 $69,025 $183,946
2023 $3,314 $252,971 $69,025 $183,946
2022 $3,238 $252,971 $69,025 $183,946
2021 $3,223 $252,971 $69,025 $183,946
2020 $3,147 $252,971 $69,025 $183,946
2019 $3,147 $252,971 $69,025 $183,946
2018 $3,003 $221,398 $46,200 $175,198
2017 $2,981 $221,398 $46,200 $175,198
2016 $2,881 $221,398 $46,200 $175,198
2015 $2,500 $180,581 $41,364 $139,217
2014 $2,500 $180,581 $41,364 $139,217
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2483862

Doorify MLS

APN: 115326