NOT LISTED FOR SALE

1801 Morehead Ave Durham, NC 27707

Historic West End Neighborhood

Estimated Value: $368,000 - $439,307

4 Beds
2 Baths
1,631 Sq Ft
$244/Sq Ft Est. Value

Last Sold December 07, 2023

Last sale price $400,000 $245 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,409/month

2 Days on Market

Highlights

  • Corner Lot
  • Luxury Vinyl Tile Flooring
  • Forced Air Heating and Cooling System
  • Lakewood Montessori Middle School Rated A-

About This Home

As of December 2023

Exceptional opportunity! Fully renovated duplex with brand-new roof, HVAC, sleek black granite countertops, modern light fixtures, and stylish accent walls throughout. 2 bed/1 bath on each side.Located steps from Duke University and Downtown, this property is a prime investment for both short-term and long-term rentals. OR you could live in one unit and generate passive income from the other! Plenty of parking for tenants. Don't miss out on this turnkey investment!

Last Agent to Sell the Property

William Patrick

EXP Realty LLC License #317828 Listed on: 11/04/2023

EXP Realty LLC

Co-Listed By

Angelica Galavis

DRB Group North Carolina LLC License #331346

Last Buyer's Agent

Matt Lunceford Blivin

Compass -- Raleigh License #325555

Compass -- Raleigh

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 1961

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction

Schools

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

Additional Features

  • Luxury Vinyl Tile Flooring
  • Crawl Space
  • Corner Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,686

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Year Built: 1961
  • Prop. Type: Residential Income
  • Co List Office Phone: 888-584-9431
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: 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: Luxury Vinyl
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes

Exterior Features

  • Construction Type: Brick
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Information:Parking Total: 3.0

Utilities

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

Schools

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

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 1686.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Durham - Spaulding

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2023
Closed on
Dec 6, 2023
Sold by
Ajkk Investments Llc
Bought by
Johnston Michael and Johnston Kenzie
Seller's Agent
William Patrick
EXP Realty LLC
Buyer's Agent
Matt Lunceford Blivin
Compass -- Raleigh
List Price
$375,000
Sold Price
$400,000
Premium/Discount to List
$25,000
6.67%
Views
68
Current Estimated Value
$397,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,173
Avg. Annual Appreciation
-0.26%
Original Mortgage
$300,000
Outstanding Balance
$295,050
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$102,777

Purchase Details

Closed on
Aug 16, 2023
Sold by
Green Street Home Buyers Llc
Bought by
Ajkk 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
$270,200
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2023
Sold by
Stephen Walker Harris Revocable Trust
Bought by
Green Street Home Buyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,200
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 1999
Sold by
Harris Boyd White and Harris Stephen Walker
Bought by
Harris Boyd White and Harris Stephen Walker
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnston Michael $400,000 Tryon Title
Ajkk Investments Llc $235,000 None Listed On Document
Ajkk Investments Llc $235,000 None Listed On Document
Green Street Home Buyers Llc $200,000 None Listed On Document
Green Street Home Buyers Llc $200,000 None Listed On Document
Harris Boyd White -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Michael $300,000
Previous Owner Ajkk Investments Llc $270,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2023 12/07/23 Sold $400,000 +6.7% $245 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
11/04/2023 11/04/23 For Sale $375,000 -- $230 / 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 $4,204 $424,134 $178,500 $245,634
2024 $4,276 $306,557 $65,615 $240,942
2023 $1,687 $128,783 $65,615 $63,168
2022 $1,648 $128,783 $65,615 $63,168
2021 $1,641 $128,783 $65,615 $63,168
2020 $1,602 $128,783 $65,615 $63,168
2019 $1,602 $128,783 $65,615 $63,168
2018 $1,043 $76,915 $17,895 $59,020
2017 $1,036 $76,915 $17,895 $59,020
2016 $1,001 $148,022 $44,737 $103,285
2015 $1,000 $72,250 $14,450 $57,800
2014 $1,009 $72,857 $15,057 $57,800
Source: Public Records

Agents Affiliated with this Home

  • William Patrick

    Seller's Agent in 2023

    William Patrick

    EXP Realty LLC

    (719) 684-5190

    1 in this area

    180 Total Sales

    William Patrick
    Section Image

  • A

    Seller Co-Listing Agent in 2023

    Angelica Galavis

    DRB Group North Carolina LLC

    (919) 577-0841

    1 in this area

    48 Total Sales

    Angelica Galavis
    Section Image
  • Matt Lunceford Blivin

    Buyer's Agent in 2023

    Matt Lunceford Blivin

    Compass -- Raleigh

    (919) 323-0527

    2 in this area

    81 Total Sales

    Matt Lunceford Blivin
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2540644

Doorify MLS

APN: 108505

North Carolina Durham County Durham 27701 Historic West End

1801 Morehead Ave, Durham, NC

Not Listed for Sale

MultiFamily

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