NOT LISTED FOR SALE

3417 W Cornwallis Rd Durham, NC 27705

Estimated Value: $5,426,920

47 Acres
$115,393 Price per Acre
2,048,627 Sq Ft Lot

Last Sold September 09, 2019

Last sale price $3,800,000

Est. 43% increase in value since last sale

Current estimated payment $30,164/month

3 Days on Market

About This Lot

As of September 2019

Tranquil beauty & location, location, location. Over 65 acres in Durham County, NC, this premier property features some of the highest points in Durham &offers panoramic sky views incl. Duke Chapel. Cascading fields, open pastures, woods, wildlife, & an acre pond. 2 miles from Duke University; five miles from downtown Durham; 6 miles from Chapel Hill; 19 miles from RDU. Several older barns & buildings. Gorgeous homesite(s). Perfect for a horse property, executive Residential development, or investment.

Last Agent to Sell the Property

Ken Walker

Re/MaxDiamond Realty License #227812 Listed on: 09/02/2019

Re/MaxDiamond Realty

Last Buyer's Agent

Laci Warren

Re/MaxDiamond Realty License #258488

Re/MaxDiamond Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $573

Lot Details

  • 47.03 Acre Lot
  • Zoning described as Rural

Listing and Financial Details

  • Assessor Parcel Number 0801-02-58-9013

Property Details

Property Type

Land

Est. Annual Taxes

$573

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 47.03
  • Directions: 15/501 to Hwy 751 North, to Left on Erwin Road, Property will be to the North of Erwin Roadand West of Cornwallis, see photo attachment
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement YN: No

Utilities

  • Utilities: Electricity Available

Lot Info

  • Lot Size Sq Ft: 2048670.0
  • Parcel #: 0801-02-58-9013
  • Zoning Description: Rural
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2019
Closed on
Aug 8, 2019
Sold by
Blalock Michael H and Blalock Sandra K
Bought by
Blalock Florence N
Seller's Agent
Ken Walker
Re/MaxDiamond Realty
Buyer's Agent
Laci Warren
Re/MaxDiamond Realty
List Price
$4,100,000
Sold Price
$3,800,000
Premium/Discount to List
-$300,000
-7.32%
Current Estimated Value
$5,426,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,626,920
Avg. Annual Appreciation
6.33%
Source: Public Records

Similar Property in Durham, NC

  • 1313 Olive Branch Rd, Durham, NC 27703

    $5,900,000

    • Land
    • 38 Acres
    • $155,263 per Acre
    • 1313 Olive Branch Rd
    • Durham, NC

    This is an assemblage sale.(1) of of (3) parcels offered here by Owner. Sale must include additional mls #10060891 adjoining neighbors property. All sold and closed together. Ideal for future development. Sewer easement in place. All parcels sold together as assemblage of multiple parcels. ALL SIZES OF ACERAGE IS ESTIMATED AND APPROXIMATE. Final acreage and size to be determined by future survey.

    Donna DeLong Frank Ward, REALTORS

    Section Image
See All Homes in Durham

Range of Values:

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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
Blalock Florence N -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2019 09/09/19 Sold $3,800,000 -7.3% --
09/05/2019 09/05/19 Pending -- -- --
09/02/2019 09/02/19 For Sale $4,100,000 -- --
Source: Alamance Multiple Listing Service

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
2024 $573 $1,426,600 $1,420,344 $6,256
2023 $495 $1,426,600 $1,420,344 $6,256
2022 $423 $28,892 $22,636 $6,256
2021 $231 $28,892 $22,636 $6,256
2020 $228 $29,050 $22,794 $6,256
2019 $229 $29,050 $22,794 $6,256
2018 $196 $22,680 $21,077 $1,603
2017 $194 $22,680 $21,077 $1,603
2016 $188 $22,680 $21,077 $1,603
2015 $157 $17,556 $17,556 $0
2014 -- $17,556 $17,556 $0
Source: Public Records

Agents Affiliated with this Home

  • Ken Walker

    Seller's Agent in 2019

    Ken Walker

    RE/MAX

    (919) 304-9381

    219 Total Sales

    Ken Walker
    Section Image
  • Laci Warren

    Buyer's Agent in 2019

    Laci Warren

    RE/MAX

    (336) 263-7203

    198 Total Sales

    Laci Warren
    Section Image
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Map

Source: Alamance Multiple Listing Service

MLS Number: 105361

APN: 137666

North Carolina Durham County Durham 27705

3417 W Cornwallis Rd, Durham, NC

This home is located at 3417 W Cornwallis Rd, Durham, NC 27705 since 02 September 2019 and is currently estimated at $5,426,920. 3417 W Cornwallis Rd is a home located in Durham County with nearby schools including Morehead Montessori, Forest View Elementary, and Sherwood Githens Middle.

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