NOT LISTED FOR SALE

2203 Lafayette St Durham, NC 27707

Duke Forest Neighborhood

Estimated Value: $486,000 - $534,000

5 Beds
3 Baths
1,560 Sq Ft
$334/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $332,300 $213 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,110/month

18 Days on Market

Highlights

  • Corner Lot
  • Window Unit Cooling System
  • Baseboard Heating
  • Lakewood Montessori Middle School Rated A-

About This Home

As of November 2021

Duplex with BONUS two walkout basement studios!! Four units in total! Super close to Downtown Durham and Lakewood! Strong monthly cashflow!

Last Agent to Sell the Property

Thomas Hennessey

Hennessey Real Estate, LLC License #263899 Listed on: 09/14/2021

Last Buyer's Agent

Brian Turner

Berkshire Hathaway HomeService License #303866

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,491

Year Built

  • Built in 1960

Parking

  • Off-Street Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Laminate Flooring
  • Corner Lot
  • Basement

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,491

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1960
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Duplex with BONUS two walkout basement studios!! Four units in total! Super close to Downtown Durham and Lakewood! Strong monthly cashflow!
  • Flooring Laminate: Yes
  • General Property Information Carport YN: No
  • Cooling Window Unit(s): Yes
  • General Property Information Number Of Units Total3: 4.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Basement YN: Yes

Exterior Features

  • Construction Type: Block
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Block2: Yes

Garage/Parking

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

Utilities

  • Heating: Baseboard, Electric
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Baseboard: Yes

Schools

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

Rental Info

  • Owner Pays: Water

Tax Info

  • Tax Annual Amount: 2491.0
  • 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

Listed on
Sep 14, 2021
Closed on
Nov 8, 2021
Sold by
West 4Th Llc
Bought by
Reale Hatem Matthew
Seller's Agent
Thomas Hennessey
Hennessey Real Estate, LLC
Buyer's Agent
Brian Turner
Berkshire Hathaway HomeService
List Price
$349,000
Sold Price
$332,300
Premium/Discount to List
-$16,700
-4.79%
Current Estimated Value
$520,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,638
Avg. Annual Appreciation
10.97%
Original Mortgage
$326,280
Outstanding Balance
$298,979
Interest Rate
2.99%
Mortgage Type
FHA
Estimated Equity
$221,959

Purchase Details

Closed on
Dec 17, 2013
Sold by
Hsbc Bank Usa Na
Bought by
West 4Th Llc

Purchase Details

Closed on
Jul 29, 2013
Sold by
Caron David
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Apr 11, 2005
Sold by
Roberts John B and Roberts Laura H
Bought by
Caron David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
6.48%
Mortgage Type
Stand Alone First
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
Reale Hatem Matthew $332,500 None Available
West 4Th Llc $45,000 None Available
Hsbc Bank Usa Na $59,500 None Available
Caron David $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reale Hatem Matthew $326,280
Previous Owner Caron David $140,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $332,300 -- --
11/22/2021 11/22/21 Sold $332,300 +0.7% $213 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
09/27/2021 09/27/21 Price Changed $329,900 -5.5% $211 / Sq Ft
09/14/2021 09/14/21 For Sale $349,000 -- $224 / Sq Ft
Source: Doorify MLS

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 $4,799 $484,161 $321,550 $162,611
2024 $2,728 $195,581 $47,120 $148,461
2023 $2,562 $195,581 $47,120 $148,461
2022 $2,503 $195,581 $47,120 $148,461
2021 $2,492 $195,581 $47,120 $148,461
2020 $2,433 $195,581 $47,120 $148,461
2019 $2,433 $195,581 $47,120 $148,461
2018 $2,121 $156,343 $44,175 $112,168
2017 $2,105 $156,343 $44,175 $112,168
2016 $2,034 $201,974 $44,175 $157,799
2015 $949 $68,571 $15,151 $53,420
2014 $949 $107,477 $15,151 $92,326
Source: Public Records

Agents Affiliated with this Home

  • Thomas Hennessey

    Seller's Agent in 2021

    Thomas Hennessey

    Hennessey Real Estate, LLC

    (203) 410-6729

    1 in this area

    16 Total Sales

    Thomas Hennessey
    Section Image

  • B

    Buyer's Agent in 2021

    Brian Turner

    Berkshire Hathaway HomeService

See All Agents

Map

Source: Doorify MLS

MLS Number: 2407636

Doorify MLS

APN: 108283

North Carolina Durham County Durham 27707 Duke Forest

2203 Lafayette St, Durham, NC

Not Listed for Sale

MultiFamily

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