NOT LISTED FOR SALE

Estimated Value: $300,000 - $389,345

5 Beds
4 Baths
1,967 Sq Ft
$178/Sq Ft Est. Value

Last Sold December 02, 2024

Last sale price $385,000 $196 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,176/month

36 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Multiple cooling system units
  • Corner Lot
  • Front Porch
  • Private Driveway

About This Home

As of December 2024

Fully rented triplex w/ amazing proximity to Downtown Durham! Property professionally managed w/ total rent equaling $2,900.00 and everything already in place for a truly 'Hands-Off Investment' w/ instant cash flow. Property layout provides plenty of flexibility, either for personal use or investment purposes. Perfectly situated ''corner lot'' offers expansive driveway, off street parking, & possible room for expansion. Close proximity to bus-line & American Tobacco Trail for easy access to everything Durham has to offer! Tour the property right now w/ the interactive 3D Virtual Tour!

Last Agent to Sell the Property

Robert Hunt

Keller Williams Elite Realty License #278551 Listed on: 09/25/2024

Keller Williams Elite Realty

Last Buyer's Agent

Barbara Taylor

Chatham Homes Realty License #353868

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,914

Year Built

  • Built in 1948

Lot Details

  • 8,102 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Level Lot
  • Cleared Lot

Parking

  • Private Driveway

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 1,967 Sq Ft Home
  • 1-Story Property
  • Unfinished Attic

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Front Porch

Schools

  • Spaulding Elementary School
  • Shepard Middle School
  • J D Clement Early College High School

Utilities

  • Multiple cooling system units
  • Heating Available
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, telephone
  • The owner pays for all utilities
  • Assessor Parcel Number 116110

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,914

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Year Built: 1948
  • Prop. Type: Residential Income
  • Road Surface Type: Asphalt
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1967.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Architectural Style Ranch: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Wood: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Fully rented triplex w/ amazing proximity to Downtown Durham! Property professionally managed w/ total rent equaling $2,900.00 and everything already in place for a truly 'Hands-Off Investment' w/ instant cash flow. Property layout provides plenty of flexibility, either for personal use or investment purposes. Perfectly situated 'corner lot' offers expansive driveway, off street parking, & possible room for expansion. Close proximity to bus-line & American Tobacco Trail for easy access to everything Durham has to offer! Tour the property right now w/ the interactive 3D Virtual Tour!
  • General Property Information Senior Community YN: No
  • Attic Features Unfinished2: Yes
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • General Property Information Spa YN: No
  • Contract Information Lease Term: Other
  • General Property Information Above Grade Finished Area: 1967.0
  • General Property Information Carport YN: No
  • Vegetation Cleared2: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Natural Gas Connected: Yes
  • Utilities Cable Connected: Yes
  • General Property Information Number Of Units Total3: 3.0
  • General Property Information Lot Size Square Feet2: 8102.16
  • Structure Type Triplex: Yes
  • General Property Information Lot Size Acres: 0.186
  • Cooling Multi Units: Yes
  • Owner Pays:All Utilities: Yes
  • General Property Information Stories2: 1
  • General Property Information:Living Area3: 1967.0
  • General Property Information Waterfront YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Linoleum, Wood
  • Interior Amenities: See Remarks
  • Private Spa: No
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Stories: 1
  • Interior Features:See Remarks10: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Acres: 0.19
  • Waterfront: No
  • Home Warranty: No
  • Common Walls: 2+ Common Walls
  • Construction Type: See Remarks
  • Foundation Details: Other
  • Patio And Porch Features: Front Porch, Rear Porch
  • Lot Features:Corner Lot: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Lot Features:City Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: Driveway
  • Parking Features:Driveway: Yes
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Varies by Unit
  • Cooling: Multi Units, Varies by Unit
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Varies by Unit2: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • Association Amenities:None: Yes

Schools

  • Ninth Grade High School: Durham - J D Clement Early College
  • Middle Or Junior School: Durham - Shepard

Lot Info

  • Zoning: R-5
  • Lot Size Sq Ft: 8102.16
  • ResoLotSizeUnits: Acres
  • Parcel #: 116110
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Telephone
  • Lease Term: Other
  • Owner Pays: All Utilities

Tax Info

  • Tax Annual Amount: 1914.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Leased: 3
  • Total Actual Rent: 2900.0

MLS Schools

  • Elementary School: Durham - Spaulding

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Nov 22, 2024
Sold by
Outpost Realty Llc
Bought by
Pfau Megan
Seller's Agent
Robert Hunt
Keller Williams Elite Realty
Buyer's Agent
Barbara Taylor
Chatham Homes Realty
List Price
$450,000
Sold Price
$385,000
Premium/Discount to List
-$65,000
-14.44%
Views
84
Current Estimated Value
$356,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,708
Avg. Annual Appreciation
-7.71%
Original Mortgage
$365,750
Outstanding Balance
$362,323
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
-$11,237

Purchase Details

Listed on
Jan 30, 2021
Closed on
Jul 14, 2021
Sold by
West 4Th Llc
Bought by
Outpost Realty Llc
Seller's Agent
Thomas Hennessey
Hennessey Real Estate, LLC
Buyer's Agent
Mindy Oberhardt
RE/MAX United
List Price
$279,900
Sold Price
$217,000
Premium/Discount to List
-$62,900
-22.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.43%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Pfau Megan $385,000 Partner Title
Pfau Megan $385,000 Partner Title
Pfau Megan $385,000 Partner Title
Outpost Realty Llc $217,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pfau Megan $365,750
Closed Pfau Megan $365,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2024 12/02/24 Sold $385,000 -3.5% $196 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
10/10/2024 10/10/24 Price Changed $399,000 -11.3% $203 / Sq Ft
09/25/2024 09/25/24 For Sale $450,000 +107.4% $229 / Sq Ft
12/14/2023 12/14/23 Off Market $217,000 -- --
07/15/2021 07/15/21 Sold $217,000 -5.7% $157 / Sq Ft View Prior Sale
06/12/2021 06/12/21 Pending -- -- --
06/04/2021 06/04/21 Price Changed $230,000 -2.1% $166 / Sq Ft
05/28/2021 05/28/21 Price Changed $234,900 -2.1% $169 / Sq Ft
05/08/2021 05/08/21 Price Changed $239,900 -4.0% $173 / Sq Ft
04/24/2021 04/24/21 Price Changed $249,900 -3.8% $180 / Sq Ft
02/26/2021 02/26/21 Price Changed $259,900 -5.1% $188 / Sq Ft
02/08/2021 02/08/21 Price Changed $273,900 -2.1% $198 / Sq Ft
01/29/2021 01/29/21 For Sale $279,900 -- $202 / 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 $3,882 $391,567 $104,125 $287,442
2024 $2,209 $158,378 $29,650 $128,728
2023 $2,075 $158,378 $29,650 $128,728
2022 $2,027 $158,378 $29,650 $128,728
2021 $2,018 $158,378 $29,650 $128,728
2020 $1,970 $158,378 $29,650 $128,728
2019 $2,054 $165,154 $29,650 $135,504
2018 $1,414 $104,253 $17,790 $86,463
2017 $1,404 $104,253 $17,790 $86,463
2016 $1,356 $104,253 $17,790 $86,463
2015 $1,375 $99,296 $22,089 $77,207
2014 $1,375 $99,296 $22,089 $77,207
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10054547

Doorify MLS

APN: 116110