$265,000

Estimated payment $1,583/month

Total Views 2,947
0.45 Acre
$588,889 Price per Acre
19,602 Sq Ft Lot

Highlights

  • No HOA
  • Gazebo
  • Brush Vegetation
  • Neighborhood Views
  • Grass Field

About This Lot

Rare Opportunity Near Downtown Durham + RTP - 1932 Bungalow on a nearly 1⁄2-Acre RU-5 Infill Lot

Welcome to a truly special property: a classic 1932 bungalow set on a nearly half-acre, flat lot just minutes from Downtown Durham, RTP, RDU, and major highways. This home is more than a structure - it's a piece of history, waiting to be brought back to life.

With its strong original bones and timeless character, the existing 1,500+ sq ft home offers the perfect foundation for restoration. Thoughtfully combining vintage charm with modern updates, it has the potential to become a stunning residence that honors the past while embracing the future.

Zoned RU-5 for 3-4 single-family homes, duplexes, or quads (buyer to verify with city), the flat lot offers flexibility, great access, and potentially low development costs. It's an excellent opportunity for homeowners, flippers, or builders. Subdivide and develop, renovate and expand, or simply restore and enjoy the possibilities.

Primary homeowners will love the expansive side and backyard - ideal for gardens, play areas, or even adding an Accessory Dwelling Unit (ADU). With ample room to grow, the lot supports both current lifestyle needs and long-term vision.

For those with imagination and drive, this is more than just a property - it's a path to long-term equity and the chance to build generational wealth. Whether you're planting roots, investing in potential, or shaping your future, this rare infill lot offers something truly special.

Don't miss your chance to own a piece of Durham's past and help shape its future.

Listing Agent

Devang Patel

Guru Realty Inc. License #301409 Listed on: 06/30/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,379

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 110'x175'
  • Back Yard Fenced
  • Chain Link Fence
  • Perimeter Fence
  • Brush Vegetation
  • Cleared Lot
  • Property is zoned RU-5

Schools

  • Bethesda Elementary School
  • Neal Middle School
  • Southern High School

Utilities

  • Septic System
  • Cable TV Available

Additional Features

  • Neighborhood Views
  • Grass Field

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 0840363343

Community Details

Overview

  • No Home Owners Association
  • Arey Spring Park Subdivision

Recreation

  • Gazebo

Property Details

Property Type

Land

Est. Annual Taxes

$1,379

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Public Road
  • Road Surface Type: Gravel
  • Subdivision Name: Arey Spring Park
  • General Property Information Lot Size Dimensions: 110'x175'
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Utilities Cable Available: Yes
  • Special Listing Conditions Real Estate Owned: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Water Connected: Yes
  • Vegetation Cleared2: Yes
  • View Neighborhood4: Yes
  • Fencing Back Yard: Yes
  • Vegetation Grassed: Yes
  • Vegetation Brush: Yes
  • Utilities Septic Connected: Yes
  • Road Surface Type Gravel2: Yes
  • Fencing Partial2: Yes
  • General Property Information Lot Size Square Feet2: 19602.0
  • Fencing Chain Link: Yes
  • Other Structures Gazebo: Yes
  • General Property Information Lot Size Acres: 0.45
  • Special Features: RealEstateOwned
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential, Single Family, Subdivision
  • Fencing Perimeter: Yes

Exterior Features

  • Fencing: Back Yard, Chain Link, Partial, Perimeter
  • Acres: 0.45
  • Lot Features:City Lot: Yes

Utilities

  • Utilities: Cable Available, Natural Gas Available, Septic Connected, Water Connected, None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Zoning: RU-5
  • Current Use: Investment, Multi-Family, Single Family
  • Lot Dimensions: 110'x175'
  • Lot Size Sq Ft: 19602.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0840363343

Tax Info

  • Tax Annual Amount: 1378.55
  • Tax Year: 2024
  • Tax Map Number: 17

MLS Schools

  • Elementary School: Durham - Bethesda

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $689 $98,828 $21,720 $77,108
2023 $647 $98,828 $21,720 $77,108
2022 $632 $98,828 $21,720 $77,108
2021 $629 $98,828 $21,720 $77,108
2020 $615 $98,828 $21,720 $77,108
2019 $615 $98,828 $21,720 $77,108
2018 $590 $87,030 $28,960 $58,070
2017 $586 $87,030 $28,960 $58,070
2016 $566 $96,656 $28,960 $67,696
2015 $559 $80,809 $21,418 $59,391
2014 $1,119 $80,809 $21,418 $59,391
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 For Sale $265,000 -- $175 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $180,000 None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $60,000 Credit Line Revolving
Source: Public Records

Source: Doorify MLS

MLS Number: 10106446

Doorify MLS

APN: 158430