NOT LISTED FOR SALE

2801 Olive Branch Rd Durham, NC 27703

Eastern Durham Neighborhood

Estimated Value: $4,682,171

15.95 Acres
$293,553 Price per Acre
694,782 Sq Ft Lot

Last Sold August 04, 2023

Last sale price $1,400,000

Est. 234% increase in value since last sale

Current estimated payment $25,902/month

265 Days on Market

Highlights

  • Horses Allowed On Property
  • Wooded Lot
  • Lot Has A Rolling Slope
  • 15.95 Acre Lot

About This Lot

As of August 2023

Nearly 16 acres conveniently located near Brier Creek. Surrounded by residential development. Great potential for new subdivision or school. Water and sewer nearby.

Last Agent to Sell the Property

Jeanell Morton

Keller Williams Realty License #224128 Listed on: 10/31/2019

Keller Williams Realty

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Property Type

  • Land

Lot Details

  • 15.95 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Schools

  • Spring Valley Elementary School
  • Neal Middle School
  • Southern High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Subdivision Name: Not in a Subdivision
  • General Property Information Horse YN2: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • General Property Information Lot Size Acres: 15.954
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 15.95
  • Lot Features:Rolling Slope: Yes

Utilities

  • Utilities: None

Schools

  • Ninth Grade High School: Durham - Southern
  • Middle Or Junior School: Durham - Neal

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 694956.24
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Durham - Spring Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2024
Sold by
Seventy Three Development Llc
Bought by
M/I Homes Of Raleigh Llc
Current Estimated Value
$4,682,171

Purchase Details

Listed on
Oct 31, 2019
Closed on
Aug 2, 2023
Sold by
Leesville Congregation Of Jehovahs Witne
Bought by
Seventy Three Development Llc
Seller's Agent
Jeanell Morton
Keller Williams Realty
Buyer's Agent
Non Member
Non Member Office
List Price
$1,200,000
Sold Price
$1,400,000
Premium/Discount to List
$200,000
16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.96%

Purchase Details

Closed on
Nov 28, 2011
Sold by
Alavi Jamal S and Alavi Corinne
Bought by
Leesville Congregation Of Jehovas Witnes

Purchase Details

Closed on
Sep 1, 2009
Sold by
Highland Builders Inc
Bought by
Alavi Jamal S and Alavi Corinne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,400
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2004
Sold by
Mason Properties Llc
Bought by
Highland Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2004
Sold by
Lynn Michael Wayne and Lynn Gwendolyn
Bought by
Mason Properties 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
M/I Homes Of Raleigh Llc -- None Listed On Document
M/I Homes Of Raleigh Llc $4,800,000 None Listed On Document
Seventy Three Development Llc $1,400,000 None Listed On Document
Leesville Congregation Of Jehovas Witnes $390,000 None Available
Alavi Jamal S $335,000 None Available
Highland Builders Inc $290,000 --
Mason Properties Llc -- --
Mason Properties Llc $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alavi Jamal S $239,400
Previous Owner Highland Builders Inc $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $1,400,000 -- --
08/04/2023 08/04/23 Sold $1,400,000 +16.7% --
07/22/2020 07/22/20 Pending -- -- --
10/31/2019 10/31/19 For Sale $1,200,000 -- --
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 $19,055 $1,922,183 $1,922,183 $0
2024 $3,570 $255,962 $255,962 $0
2023 $3,710 $255,962 $255,962 $0
2022 $2,245 $255,962 $255,962 $0
2021 $2,245 $255,962 $255,962 $0
2020 $2,194 $255,962 $255,962 $0
2019 $2,168 $255,962 $255,962 $0
2018 $2,639 $285,960 $285,960 $0
2017 $2,554 $285,960 $285,960 $0
2016 $2,475 $285,960 $285,960 $0
2015 $1,264 $136,935 $136,935 $0
2014 -- $136,935 $136,935 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeanell Morton

    Seller's Agent in 2023

    Jeanell Morton

    Keller Williams Realty

    (919) 740-1881

    2 in this area

    41 Total Sales

    Jeanell Morton
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member Office

See All Agents

Map

Source: Doorify MLS

MLS Number: 2286660

Doorify MLS

APN: 194304

North Carolina Durham County Durham 27703 Eastern Durham

2801 Olive Branch Rd, Durham, NC

Not Listed for Sale

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