NOT LISTED FOR SALE

400 Formosa Ave Durham, NC 27707

Spaulding Community Neighborhood

Estimated Value: $254,000 - $314,400

3 Beds
2 Baths
2,774 Sq Ft
$101/Sq Ft Est. Value

About This Home

This home is located at 400 Formosa Ave, Durham, NC 27707 and is currently estimated at $280,600, approximately $101 per square foot. 400 Formosa Ave is a home located in Durham County with nearby schools including C. C. Spaulding Elementary, Morehead Montessori, and Sherwood Githens Middle.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2023
Sold by
Smivera Builders Llc
Bought by
Kpm Property Investment Group Llc
Current Estimated Value
$280,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$243,216
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$37,384

Purchase Details

Closed on
Jul 2, 2019
Sold by
Cohen Allen Ronald L and Cohen Allen Desiree
Bought by
Smivera Builders Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Kpm Property Investment Group Llc $250,000 None Listed On Document
Kpm Property Investment Group $250,000 None Listed On Document
Smivera Builders Llc $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kpm Property Investment Group $250,000
Closed Kpm Property Investment Group $250,000
Source: Public Records

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 $2,470 $249,213 $112,875 $136,338
2024 $1,836 $131,608 $32,250 $99,358
2023 $1,724 $131,657 $32,300 $99,357
2022 $1,648 $128,732 $32,300 $96,432
2021 $1,640 $128,732 $32,300 $96,432
2020 $1,601 $128,732 $32,300 $96,432
2019 $1,601 $128,732 $32,300 $96,432
2018 $1,100 $81,107 $16,125 $64,982
2017 $1,092 $81,107 $16,125 $64,982
2016 $1,055 $81,107 $16,125 $64,982
2015 $1,120 $80,897 $27,091 $53,806
2014 $1,020 $80,897 $27,091 $53,806
Source: Public Records

Map

North Carolina Durham County Durham 27707 Spaulding Community

400 Formosa Ave, Durham, NC

Not Listed for Sale

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