NOT LISTED FOR SALE

2405 Margaret Ave Durham, NC 27705

Duke Homestead Neighborhood

Estimated Value: $415,000 - $543,000

3 Beds
2.5 Baths
1,796 Sq Ft
$264/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2021

Last sale price $457,000 $254 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,939 / mo

18 Days on Market

Highlights

  • New Construction
  • Wood Flooring
  • Central Air
  • Contemporary Architecture
  • No HOA
  • Private Driveway

About This Home

As of September 2021

Newly built soft modern home with all the upgrades. An open floorpan downstairs covered in hardwood oak. Plenty of kitchen and counter space, including a 6x4 island and pantry. Upstairs, the owners suite is the crown jewel of the house with room for two king beds, a closet the size of another bedroom, and a bathroom with an oversized walk-in shower. Outside, a 20+ ft private deck looks into the fenced in backyard. The bonus DETACHED unit can be a studio OR add a mini split for the perfect home office

Last Agent to Sell the Property

Joseph Hales

Keller Williams Elite Realty License #293628 Listed on: 07/30/2021

Keller Williams Elite Realty

Last Buyer's Agent

Ellen Bell

Urban Durham Realty License #282410

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 9,060 Sq Ft Lot

Parking

  • Private Driveway

Home Design

  • Contemporary Architecture
  • Modernist Architecture
  • Frame Construction

Interior Spaces

  • 1,796 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Holt Elementary School
  • Carrington Middle School
  • Riverside High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Duke Homestead Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 2021 | New Construction

Lot Details

9,060 Sq Ft Lot

Listing Details

  • Year Built: 2021
  • Prop. Type: Residential
  • Subdivision Name: Duke Homestead
  • Above Grade Finished Sq Ft: 1796.0
  • Architectural Style: Contemporary, Modernist
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 280.0
  • General Property Information Total Unfinished Area2: 280.0
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2021-07-01
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Architectural Style Contemporary: Yes
  • Architectural Style Modernist: Yes
  • General Property Information Above Grade Finished Area: 1796.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 9060.48
  • General Property Information Lot Size Acres: 0.208
  • General Property Information:Living Area3: 1796.0
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Acres: 0.21
  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Ninth Grade High School: Durham - Riverside
  • Middle Or Junior School: Durham - Carrington

Lot Info

  • Lot Dimensions: 0
  • Lot Size Sq Ft: 9060.48
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Durham - Holt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 29, 2021
Sold by
Holland Development Inc
Bought by
Massey Mary
Seller's Agent
Joseph Hales
Keller Williams Elite Realty
Buyer's Agent
Ellen Bell
Urban Durham Realty
List Price
$469,000
Sold Price
$457,000
Premium/Discount to List
-$12,000
-2.56%
Current Estimated Value
$474,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,707
Avg. Annual Appreciation
0.83%
Original Mortgage
$411,300
Outstanding Balance
$375,067
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$99,640

Purchase Details

Closed on
May 20, 2021
Sold by
Holland Sean Alexander
Bought by
Holland Development Inc

Purchase Details

Closed on
Apr 20, 2021
Sold by
Holland Sean Alexander
Bought by
Holland Development Inc
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
Massey Mary $457,000 None Available
Holland Development Inc -- None Available
Holland Development Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massey Mary $411,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $457,000 -- --
09/30/2021 09/30/21 Sold $457,000 -2.6% $254 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $469,000 -- $261 / 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 $5,061 $510,491 $145,200 $365,291
2024 $4,481 $321,248 $33,220 $288,028
2023 $4,208 $321,248 $33,220 $288,028
2022 $4,112 $321,248 $33,220 $288,028
2021 $623 $33,220 $33,220 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Joseph Hales

    Keller Williams Elite Realty

    (919) 564-9199

    2 in this area

    74 Total Sales

    Joseph Hales
    Section Image
  • Ellen Bell

    Buyer's Agent in 2021

    Ellen Bell

    Urban Durham Realty

    (252) 671-7299

    5 in this area

    150 Total Sales

    Ellen Bell
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2398594

Doorify MLS

APN: 228342

North Carolina Durham County Durham 27705 Duke Homestead

2405 Margaret Ave, Durham, NC

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