NOT LISTED FOR SALE

1911 Morehead Ave Durham, NC 27707

Historic West End Neighborhood

Estimated Value: $522,662 - $586,000

4 Beds
3 Baths
2,807 Sq Ft
$201/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $709,000 $253 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $3,424/month

4 Days on Market

Highlights

  • Wood Flooring
  • Brick Veneer
  • Forced Air Heating System
  • Lakewood Montessori Middle School Rated A-
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of June 2022

Outstanding Investment opportunity!! Excellent location near Duke University, One mile from Downtown Durham, in Lakewood area, one of the top 5 areas in Downtown Durham. Four identical units, 2 bedroom/1bath all currently occupied with leases in place. Tenants pay all utilities. Covered front porch and fenced yard front and back.

Last Agent to Sell the Property

Christine Menear

Keller Williams Elite Realty License #258467 Listed on: 04/25/2022

Keller Williams Elite Realty

Co-Listed By

Randy Menear

Keller Williams Elite Realty License #289301

Last Buyer's Agent

Renee Taylor

Compass -- Chapel Hill - Durham License #249925

Compass -- Chapel Hill - Durham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,745

Year Built

  • Built in 1961

Parking

  • Off-Street Parking

Home Design

  • Brick Veneer

Schools

  • Lakewood Elementary School
  • Githens Middle School
  • Jordan High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Additional Features

  • Wood Flooring
  • Lot Dimensions are 68x133x69x132

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,745

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Year Built: 1961
  • Prop. Type: Residential Income
  • Co List Office Phone: 984-244-5830
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Lot Size Dimensions: 68x133x69x132
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Outstanding investment opportunity!!Excellent location near Duke University, One mile from Downtown Durham, in Lakewood area, one of the top 5 areas in Downtown Durham. Four identical units, 2 bedroom/1bath all currently occupied with leases in place. Tenants pay all utilities. Covered front porch and fenced yard front and back.
  • Cooling Wall Unit(s): Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 4.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood

Exterior Features

  • Construction Type: Brick Veneer
  • Foundation Details: Other
  • Construction Materials:Brick Veneer: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Wall Unit(s)
  • 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 - Githens

Lot Info

  • Lot Dimensions: 68x133x69x132

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 5745.0
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Durham - Lakewood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2015
Sold by
Childs Adam
Bought by
Wood Matthew L and West Jamie
Current Estimated Value
$566,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,262
Outstanding Balance
$209,750
Interest Rate
3.98%
Estimated Equity
$353,666

Purchase Details

Closed on
Aug 20, 2010
Sold by
Standard Pacific Of The Carolinas Llc
Bought by
Childs Adam and Childs Meghan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,175
Interest Rate
4.6%

Purchase Details

Closed on
May 14, 2009
Sold by
Rhein Brightleaf Llc
Bought by
Standard Pacific Of The Carolinas Llc
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
Wood Matthew L $290,000 --
Childs Adam $269,500 None Available
Standard Pacific Of The Carolinas Llc $377,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Matthew L $264,262
Previous Owner Childs Adam $246,175
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $709,000 -- --
06/02/2022 06/02/22 Sold $709,000 +13.4% $253 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $625,000 -- $223 / 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 $5,308 $535,454 $104,430 $431,024
2024 $4,329 $310,369 $61,740 $248,629
2023 $4,066 $310,369 $61,740 $248,629
2022 $3,972 $310,369 $61,740 $248,629
2021 $3,954 $310,369 $61,740 $248,629
2020 $3,861 $310,369 $61,740 $248,629
2019 $3,861 $310,369 $61,740 $248,629
2018 $4,112 $303,143 $58,800 $244,343
2017 $4,082 $303,143 $58,800 $244,343
2016 $3,944 $303,143 $58,800 $244,343
2015 $4,090 $295,473 $65,225 $230,248
2014 $4,090 $295,473 $65,225 $230,248
Source: Public Records

Agents Affiliated with this Home

  • Christine Menear

    Seller's Agent in 2022

    Christine Menear

    Keller Williams Elite Realty

    (910) 603-4660

    1 in this area

    21 Total Sales

    Christine Menear
    Section Image
  • Randy Menear

    Seller Co-Listing Agent in 2022

    Randy Menear

    Keller Williams Elite Realty

    (910) 603-2800

    1 in this area

    23 Total Sales

    Randy Menear
    Section Image

  • R

    Buyer's Agent in 2022

    Renee Taylor

    Compass -- Chapel Hill - Durham

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2444540

Doorify MLS

APN: 210628

North Carolina Durham County Durham 27701 Historic West End

1911 Morehead Ave, Durham, NC

Not Listed for Sale

MultiFamily

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