NOT LISTED FOR SALE

408 Pond Path Durham, NC 27713

Estimated Value: $673,000

0.71 Acre
$947,887 Price per Acre
30,928 Sq Ft Lot

Last Sold September 03, 2021

Last sale price $545,000

Est. 23% increase in value since last sale

Current estimated payment $4,613/month

366 Days on Market

Highlights

  • Wooded Lot
  • Cul-De-Sac
  • Lot Has A Rolling Slope

About This Lot

As of September 2021

Hurry, limited number of lots available in this first luxury gated section of Colvard Farms. Enjoy ultimate privacy and all the first class amenities including over 2 miles of paved walking trails, swimming pool, tennis courts, playground & clubhouse. Close to everything important: 2.3 miles to I-40 and Southpoint Mall, minutes to Duke, UNC, RTP and Jordan Lake.

Last Agent to Sell the Property

Shelley Mitchiner

Julie Wright Realty Group LLC License #128848 Listed on: 07/25/2020

Co-Listed By

Donna Magnusson

Julie Wright Realty Group LLC License #303216

Last Buyer's Agent

Donna Magnusson

Berkshire Hathaway HomeService

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,328

Lot Details

  • 0.71 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Lot Has A Rolling Slope
  • Wooded Lot

Schools

  • Creekside Elementary School
  • Githens Middle School
  • Jordan High School

Utilities

  • Community Sewer or Septic
  • Phone Available
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Colvard Farms Subdivision
  • The community has rules related to alterations or architectural changes

Property Details

Property Type

Land

Est. Annual Taxes

$12,328

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 74501
  • Co List Office Phone: 919-847-7140
  • Subdivision Name: Colvard Farms
  • Water Source Public: Yes
  • Utilities Cable Available: Yes
  • Sewer Community Sewer: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Water Available: Yes
  • Restrictions Architectural Review: Yes
  • General Property Information Lot Size Acres: 0.708
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.71
  • Lot Features:Wooded: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Lot Features:Rolling Slope: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes

Schools

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

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 30840.48
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Durham - Creekside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2022
Sold by
Colvard Farms Development Company Llc
Bought by
Gupta Rakesh and Gupta Vinita
Current Estimated Value
$673,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Outstanding Balance
$1,363,285
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
-$590,285

Purchase Details

Listed on
Jul 25, 2020
Closed on
Aug 17, 2021
Sold by
Colvard Farms Development Company Llc
Bought by
Palta Satinder R and Palta Family Trust
Seller's Agent
Shelley Mitchiner
Julie Wright Realty Group LLC
Buyer's Agent
Donna Magnusson
Julie Wright Realty Group LLC
List Price
$545,000
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%
Original Mortgage
$5,000
Interest Rate
2.7%
Mortgage Type
Stand Alone Second
Source: Public Records

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
Gupta Rakesh $375,000 Jonathan T Sizemore Adams Howe
Palta Satinder R $545,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palta Bevccable Trust $1,450,000
Previous Owner Palta Satinder R $5,000
Closed Gupta Rakesh $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $545,000 -- --
09/03/2021 09/03/21 Sold $545,000 0.0% --
07/26/2021 07/26/21 Pending -- -- --
07/25/2020 07/25/20 For Sale $545,000 -- --
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
2024 $12,328 $1,624,040 $384,750 $1,239,290
2023 $9,074 $1,003,944 $384,300 $619,644
2022 $3,371 $384,300 $384,300 $0
2021 $2,397 $273,280 $273,280 $0
2020 $2,342 $273,280 $273,280 $0
Source: Public Records

Agents Affiliated with this Home

  • Shelley Mitchiner

    Seller's Agent in 2021

    Shelley Mitchiner

    Julie Wright Realty Group LLC

    (919) 306-4662

    102 Total Sales

    Shelley Mitchiner
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Donna Magnusson

    Julie Wright Realty Group LLC

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2333399

Doorify MLS

APN: 227302

North Carolina Durham County Durham 27713

408 Pond Path, Durham, NC

This home is located at 408 Pond Path, Durham, NC 27713 since 25 July 2020 and is currently estimated at $673,000. 408 Pond Path is a home located in Durham County with nearby schools including Lowe's Grove Middle, Hillside High School, and Southpoint Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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