NOT LISTED FOR SALE

Estimated Value: $305,000 - $342,521

3 Beds
2 Baths
1,440 Sq Ft
$229/Sq Ft Est. Value

Last Sold March 05, 2024

Last sale price $349,900 $243 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,015/month

78 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • Heating System Uses Gas
  • Garage

About This Home

As of March 2024

Perfect opportunity to 'house hack' your way into your first investment. This multifamily property consisting of 3 units is completely vacant for a new buyer to come in and fill with their own tenants. Located in a great neighborhood of Old East Durham, you are close to all Downtown Durham and Duke amenities and easy access to highways. Unit A has 2 bedrooms and 1 bath. Unit B has 1 bedroom and 1 bath. Unit C is a studio unit with designated kitchen and bath. Unit B and C share electric and water meters. Unit B is ready to move in. Unit A and C need updates. Property being sold as is.

Last Agent to Sell the Property

Susan Ayers

HomeZu License #216309 Listed on: 01/03/2024

Last Buyer's Agent

John Dukes

EXP Realty LLC License #236735

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,787

Year Built

  • Built in 1950

Lot Details

  • 7,841

Home Design

  • 1,440 Sq Ft Home
  • Wood Siding

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Garage
  • 4 Open Parking Spaces

Schools

  • Eastway Elementary School
  • Neal Middle School
  • Northern High School

Additional Features

  • 7,841 Sq Ft Lot
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 111499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,787

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1440.0
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Basement YN: No
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Vinyl: Yes
  • Flooring Wood: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Perfect opportunity to 'house hack' your way into your first investment. This multifamily property consisting of 3 units is completely vacant for a new buyer to come in and fill with their own tenants. Located in a great neighborhood of Old East Durham, you are close to all Downtown Durham and Duke amenities and easy access to highways. Unit A has 2 bedrooms and 1 bath. Unit B has 1 bedroom and 1 bath. Unit C is a studio unit with designated kitchen and bath. Unit B and C share electric and water meters.
  • Heating Gas Pack2: Yes
  • General Property Information Above Grade Finished Area: 1440.0
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • General Property Information Lot Size Square Feet2: 7841.0
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Lot Size Acres: 0.18
  • General Property Information:Living Area3: 1440.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Acres: 0.18
  • Construction Type: Wood Siding
  • Foundation Details: Other
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Gas Pack, Other
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Ninth Grade High School: Durham - Northern
  • Middle Or Junior School: Durham - Neal

Lot Info

  • Zoning: R-3
  • Lot Size Sq Ft: 7841.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 111499

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 1787.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Durham - Eastway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Mar 4, 2024
Sold by
Worthy Properties Llc
Bought by
Frost Nathan
Seller's Agent
Susan Ayers
HomeZu
Buyer's Agent
John Dukes
EXP Realty LLC
List Price
$350,000
Sold Price
$349,900
Premium/Discount to List
-$100
-0.03%
Views
111
Current Estimated Value
$329,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,270
Avg. Annual Appreciation
-3.11%
Original Mortgage
$332,405
Outstanding Balance
$326,845
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$2,785

Purchase Details

Closed on
May 26, 2017
Sold by
Jetcab Llc
Bought by
Worthy Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2006
Sold by
Washington Mutual Bank
Bought by
Jetcab Llc

Purchase Details

Closed on
Jul 31, 2006
Sold by
Dowdy Deborah
Bought by
Long Beach Mortgage Co

Purchase Details

Closed on
Jan 5, 2006
Sold by
Rizo Ana Ensaf Amador and Vecchione James
Bought by
Dowdy Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
9.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 21, 2003
Sold by
Perez Pedro
Bought by
Rizo Ana Ensaf Amador

Purchase Details

Closed on
May 23, 2003
Sold by
Lembo Donna and Lembo Matthew
Bought by
Perez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Frost Nathan $350,000 South City Title
Frost Nathan $350,000 South City Title
Worthy Properties Llc $75,000 --
Jetcab Llc $20,000 None Available
Long Beach Mortgage Co $85,469 None Available
Dowdy Deborah $100,000 --
Rizo Ana Ensaf Amador -- --
Perez Pedro $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frost Nathan $332,405
Closed Frost Nathan $332,405
Previous Owner Worthy Properties Llc $50,000
Previous Owner Dowdy Deborah $80,000
Previous Owner Dowdy Deborah $20,000
Previous Owner Perez Pedro $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2024 03/05/24 Sold $349,900 0.0% $243 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
01/19/2024 01/19/24 Price Changed $349,900 0.0% $243 / Sq Ft
01/03/2024 01/03/24 For Sale $350,000 0.0% $243 / Sq Ft
12/16/2023 12/16/23 Off Market $350,000 -- --
11/18/2023 11/18/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $350,000 -- $243 / Sq Ft
Source: Doorify MLS

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 $3,190 $321,767 $106,200 $215,567
2024 $2,062 $147,812 $26,640 $121,172
2023 $1,936 $147,812 $26,640 $121,172
2022 $1,892 $147,812 $26,640 $121,172
2021 $1,883 $147,812 $26,640 $121,172
2020 $1,839 $147,812 $26,640 $121,172
2019 $1,839 $147,812 $26,640 $121,172
2018 $808 $59,591 $14,800 $44,791
2017 $802 $59,591 $14,800 $44,791
2016 $775 $59,591 $14,800 $44,791
2015 $918 $66,324 $12,094 $54,230
2014 $918 $66,324 $12,094 $54,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2542037

Doorify MLS

APN: 111499