NOT LISTED FOR SALE

Estimated Value: $287,000 - $583,000

1.01 Acres
$383,498 Price per Acre
43,996 Sq Ft Lot

Last Sold March 13, 2023

Last sale price $700,000

Est. 45% decrease in value since last sale

Current estimated payment $2,115/month

43 Days on Market

About This Lot

As of March 2023

Wonderful opportunity to invest in 8 FULL SIZE RU-5 lots with city water and city sewer available. The best part? Flexibility! Zoning allows for a variety of options: Single family or duplex (Durham UDO 6.4.2), both of which can have an accessory dwelling (ADU) such as a detached garage with apartment or a guest house in backyard. (Durham UDO 5.4.2). If desired, these lots could be further subdivided into small lot options (Durham UDO 7.1.2). Favorable impervious surface limit at 70%. All the subdivision work has been completed, approved, and platted with the city of Durham. The land is flat and mostly cleared! These lots provide great opportunity to build spec homes or large rental portfolio (8 duplexes w/ ADU = 24 units, 4 beds each duplex side = 64 bedrooms)! Seller desires to sell all lots as a package but may split the lots with an acceptable offer. These lots are ready to go!! Buy and start building!! Addresses are 132, 134, 136, 138, 140, 142 East End and 3015 and 3019 Rowena Avenue.

Last Agent to Sell the Property

Mark Hove

Nest Realty of the Triangle License #291852 Listed on: 11/08/2022

Nest Realty of the Triangle

Last Buyer's Agent

Jim Allen

Daughtry Realty License #126077

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $243

Lot Details

  • 1.01 Acre Lot
  • Corner Lot
  • Level Lot
  • Cleared Lot

Schools

  • Bethesda Elementary School
  • Lowes Grove Middle School
  • Hillside High School

Utilities

  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$243

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Lot Features Partially Cleared: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Vegetation Cleared2: Yes
  • General Property Information Lot Size Acres: 1.01
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 1.01
  • Lot Features:Corner Lot: Yes
  • Lot Features:Level: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Schools

  • Ninth Grade High School: Durham - Hillside
  • Middle Or Junior School: Durham - Lowes Grove

Lot Info

  • Current Use: Unimproved, Vacant
  • Lot Size Sq Ft: 43995.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Feb 8, 2022
Sold by
Clarence And Melverleen Wilson Family Tr
Bought by
Medilou Llc
Seller's Agent
Larry Thomas
Brokers United Realty
Buyer's Agent
Mark Hove
Nest Realty of the Triangle
List Price
$339,900
Sold Price
$365,000
Premium/Discount to List
$25,100
7.38%
Current Estimated Value
$387,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,333
Avg. Annual Appreciation
1.69%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Medilou Llc $365,000 Perry Perry & Perry Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Triangle East End Builders Llc $65,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $700,000 -- --
12/14/2023 12/14/23 Off Market $365,000 -- --
03/13/2023 03/13/23 Sold $700,000 -2.8% --
12/21/2022 12/21/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $720,000 +97.3% --
02/15/2022 02/15/22 Sold $365,000 +7.4% $196 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $339,900 -- $183 / 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
2024 $243 $17,400 $17,400 $0
2023 $228 $10,080 $10,080 $0
2022 $129 $10,080 $10,080 $0
2021 $128 $10,080 $10,080 $0
2020 $125 $10,080 $10,080 $0
2019 $125 $10,080 $10,080 $0
2018 $114 $8,393 $8,393 $0
2017 $113 $8,393 $8,393 $0
2016 $109 $8,393 $8,393 $0
2015 $210 $15,150 $15,150 $0
2014 $210 $15,150 $15,150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2482772

Doorify MLS

APN: 130970