NOT LISTED FOR SALE

408 Formosa Ave Durham, NC 27707

Spaulding Community Neighborhood

Estimated Value: $311,000 - $364,000

5 Beds
3 Baths
2,257 Sq Ft
$150/Sq Ft Est. Value

About This Home

This home is located at 408 Formosa Ave, Durham, NC 27707 and is currently estimated at $339,667, approximately $150 per square foot. 408 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 7, 2025
Sold by
Dayal Satinder and Dayal Rajender
Bought by
Formosa Residential Llc
Current Estimated Value
$339,667

Purchase Details

Closed on
Sep 20, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Dayal Satinder

Purchase Details

Closed on
Feb 23, 2010
Sold by
Reeves Lee E and Reeves Jocelyn E
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jan 21, 2004
Sold by
Cross Douglas K and Bookert Lisa M
Bought by
Reeves Lee E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2002
Sold by
Walker Carolyn T
Bought by
Cross Douglas K and Bookert Md Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,548
Interest Rate
6.31%
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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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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
Formosa Residential Llc -- None Listed On Document
Formosa Residential Llc -- None Listed On Document
Dayal Satinder $55,500 None Available
Hsbc Bank Usa National Association $114,750 None Available
Reeves Lee E $160,000 --
Cross Douglas K $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reeves Lee E $144,000
Previous Owner Cross Douglas K $91,548
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 $3,029 $305,560 $108,500 $197,060
2024 $2,427 $173,966 $31,025 $142,941
2023 $2,227 $173,966 $31,025 $142,941
2022 $2,227 $173,966 $31,025 $142,941
2021 $2,216 $173,966 $31,025 $142,941
2020 $2,164 $173,966 $31,025 $142,941
2019 $3,457 $277,895 $31,025 $246,870
2018 $1,526 $112,522 $15,487 $97,035
2017 $1,515 $135,806 $15,487 $120,319
2016 $1,593 $122,440 $15,487 $106,953
2015 $1,283 $92,685 $25,037 $67,648
2014 $1,283 $92,685 $25,037 $67,648
Source: Public Records

Map

North Carolina Durham County Durham 27707 Spaulding Community

408 Formosa Ave, Durham, NC

Not Listed for Sale

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