NOT LISTED FOR SALE

338 Red Elm Dr Durham, NC 27713

Hope Valley Neighborhood

Estimated Value: $320,211 - $324,000

3 Beds
2.5 Baths
1,338 Sq Ft
$241/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $350,000 $262 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,092/month

12 Days on Market

Highlights

  • Transitional Architecture
  • Main Floor Primary Bedroom
  • Brick or Stone Mason
  • Wood Flooring
  • End Unit
  • Bathtub with Shower

About This Home

As of October 2022

Beautiful end unit townhome with spacious 1st floor MBR, oversized patio looking out at a wooded buffer! This home features a spacious living room with a corner gas log fireplace, hardwood floor downstairs. Open-space kitchen with solid surface counters, stainless steel appliances, maple cabinets & tile backsplash. Extra storage room upstairs in 2nd BR. Easy living & perfect location–convenient to I-40, UNC, Duke, RTP, Southpoint Mall, American Tobacco Trail & YMCA.

Last Agent to Sell the Property

Christin Lai

Coldwell Banker Advantage License #295767 Listed on: 07/24/2022

Coldwell Banker Advantage

Last Buyer's Agent

Daniel Qiao

ZELEN GROUP License #313998

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,390

Year Built

  • Built in 2006

Lot Details

  • 2,526 Sq Ft Lot
  • End Unit
  • Landscaped

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Transitional Architecture
  • Brick or Stone Mason
  • Slab Foundation
  • Vinyl Siding
  • Stone

Interior Spaces

  • 1,338 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Storage
  • Pull Down Stairs to Attic

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Southwest Elementary School
  • Githens Middle School
  • Jordan High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Association fees include ground maintenance, maintenance structure
  • Pinnacle Resource Group Association
  • Hope Valley Farms Subdivision

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,390

Year Built

Built in 2006

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Year Built: 2006
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Subdivision Name: Hope Valley Farms
  • Above Grade Finished Sq Ft: 1338.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Common Walls End Unit: Yes
  • General Property Information Above Grade Finished Area: 1338.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 2526.48
  • General Property Information Lot Size Acres: 0.058
  • General Property Information:Living Area3: 1338.0
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Entrance Foyer, Storage
  • Appliances: Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Living Room: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.06
  • Common Walls: End Unit
  • Construction Type: Stone, Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Lot Features:Landscaped: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Stone: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Parking Features:Assigned: Yes

Utilities

  • Heating: Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association Fee: 140.0
  • Association Fee Frequency: Monthly
  • Association Name: Pinnacle Resource Group
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Pinnacle Resource Group
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 140.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: 0
  • Lot Size Sq Ft: 2526.48
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2390.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Durham - Southwest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2022
Closed on
Oct 1, 2022
Sold by
Ren Bolin
Bought by
Leidich Adam
Seller's Agent
Christin Lai
Coldwell Banker Advantage
Buyer's Agent
Daniel Qiao
ZELEN GROUP
List Price
$359,900
Sold Price
$350,000
Premium/Discount to List
-$9,900
-2.75%
Current Estimated Value
$322,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,447
Avg. Annual Appreciation
-2.50%
Original Mortgage
$332,500
Outstanding Balance
$317,810
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$4,743

Purchase Details

Closed on
Dec 16, 2019
Sold by
Li Qingyun
Bought by
Bolin Ren

Purchase Details

Closed on
Feb 15, 2011
Sold by
Tewes Jodi M and Tewes Kevin
Bought by
Li Qingyun

Purchase Details

Closed on
Dec 8, 2006
Sold by
Standard Pacific Of The Carolinas Llc
Bought by
Meadows Jodi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,744
Interest Rate
6.36%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Leidich Adam $350,000 --
Bolin Ren $203,000 None Available
Li Qingyun $153,000 None Available
Meadows Jodi M $168,000 Sterling Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leidich Adam $332,500
Previous Owner Meadows Jodi M $133,744
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $350,000 -- --
10/04/2022 10/04/22 Sold $350,000 -2.8% $262 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/23/2022 07/23/22 For Sale $359,900 -- $269 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

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
2025 $3,139 $316,698 $80,000 $236,698
2024 $2,605 $186,730 $40,000 $146,730
2023 $2,446 $186,730 $40,000 $146,730
2022 $2,390 $186,730 $40,000 $146,730
2021 $2,379 $186,730 $40,000 $146,730
2020 $2,323 $186,730 $40,000 $146,730
2019 $2,323 $186,730 $40,000 $146,730
2018 $2,032 $149,833 $35,000 $114,833
2017 $2,018 $149,833 $35,000 $114,833
2016 $1,949 $149,833 $35,000 $114,833
2015 $2,408 $173,979 $35,700 $138,279
2014 $2,408 $173,979 $35,700 $138,279
Source: Public Records

Agents Affiliated with this Home

  • Christin Lai

    Seller's Agent in 2022

    Christin Lai

    Coldwell Banker Advantage

    (919) 412-0804

    2 in this area

    27 Total Sales

    Christin Lai
    Section Image
  • Daniel Qiao

    Buyer's Agent in 2022

    Daniel Qiao

    ZELEN GROUP

    (919) 666-7426

    2 in this area

    62 Total Sales

    Daniel Qiao
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2464295

Doorify MLS

APN: 205380

North Carolina Durham County Durham 27713 Hope Valley

338 Red Elm Dr, Durham, NC

Not Listed for Sale

Townhouses

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