NOT LISTED FOR SALE

411 W Markham Ave Durham, NC 27701

Duke Park Neighborhood

Estimated Value: $700,000 - $1,054,000

9 Beds
4 Baths
3,944 Sq Ft
$221/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $1,225,000 $311 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $5,108/month

75 Days on Market

Highlights

  • Wood Flooring
  • Club Boulevard Elementary School Rated 9+
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

INVESTOR OPPORTUNITY! Two recently renovated and turn-key Duplexes in the highly desirable Duke Park neighborhood in Durham. Close to Downtown Durham and Duke University's East Campus! The properties are leased and stabilized with rents raising each year. 415 W Markham just had a new roof installed and 411/413 W Markham's roof will be replaced prior to closing. Please do not disturb tenants. Showings for serious inquiries only. 411 W Markham: 4 Bed/2.5 Bath 413 W Markham: 5 Bed/2.5 Bath 415A W Markham: 3 Bed/1.5 Bath 415B W Markham: 3 Bed/ 2 Bath

Last Agent to Sell the Property

Gabe Gorelick

Better Realty LLC License #281373 Listed on: 08/14/2023

Last Buyer's Agent

Gabe Gorelick

Better Realty LLC License #281373 Listed on: 08/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,468

Year Built

  • Built in 1961

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Flooring

  • Wood
  • Vinyl

Schools

  • E K Powe Elementary School
  • Brogden Middle School
  • Riverside High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,468

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Year Built: 1961
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Flooring Vinyl: Yes
  • General Property Information Senior Community YN: No
  • Contract Information Lease Term: 12 Months
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 4.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Vinyl
  • Basement YN: Yes

Exterior Features

  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Ninth Grade High School: Durham - Riverside
  • Middle Or Junior School: Durham - Brogden

Lot Info

  • Zoning: RU-5

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 5468.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Durham - E K Powe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Dec 18, 2023
Sold by
Markham Duplexes Llc
Bought by
Maywood Street Apartments Llc
Seller's Agent
Gabe Gorelick
Better Realty LLC
Buyer's Agent
Gabe Gorelick
Better Realty LLC
List Price
$1,500,000
Sold Price
$1,225,000
Premium/Discount to List
-$275,000
-18.33%
Views
226
Current Estimated Value
$870,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$354,521
Avg. Annual Appreciation
-17.20%
Original Mortgage
$700,000
Outstanding Balance
$688,948
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$181,531

Purchase Details

Closed on
May 9, 2014
Sold by
Lutz Worth A and Lutz Erin R
Bought by
Markham Duplexes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Maywood Street Apartments Llc $1,225,000 None Listed On Document
Markham Duplexes Llc $185,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maywood Street Apartments Llc $700,000
Previous Owner Markham Duplexes Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2023 12/18/23 Sold $1,225,000 -9.3% $311 / Sq Ft
12/16/2023 12/16/23 Off Market $1,350,000 -- --
10/28/2023 10/28/23 Pending -- -- --
10/03/2023 10/03/23 Price Changed $1,350,000 -10.0% $342 / Sq Ft
08/14/2023 08/14/23 For Sale $1,500,000 -- $380 / Sq Ft
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
2025 $5,684 $696,337 $289,750 $406,587
2024 $5,684 $407,483 $91,575 $315,908
2023 $3,323 $253,658 $91,575 $162,083
2022 $3,247 $253,658 $91,575 $162,083
2021 $3,231 $253,658 $91,575 $162,083
2020 $3,156 $253,733 $91,650 $162,083
2019 $3,121 $250,936 $91,650 $159,286
2018 $2,114 $155,831 $45,825 $110,006
2017 $2,098 $155,831 $45,825 $110,006
2016 $2,028 $155,831 $45,825 $110,006
2015 $1,869 $135,000 $23,006 $111,994
2014 $1,869 $135,000 $23,006 $111,994
Source: Public Records

Agents Affiliated with this Home

  • Gabe Gorelick

    Seller's Agent in 2023

    Gabe Gorelick

    Better Realty LLC

    (980) 233-1490

    1 in this area

    27 Total Sales

    Gabe Gorelick
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Map

Source: Doorify MLS

MLS Number: 2526900

Doorify MLS

APN: 105648

North Carolina Durham County Durham 27701 Duke Park

411 W Markham Ave, Durham, NC

This home is located at 411 W Markham Ave, Durham, NC 27701 since 14 August 2023 and is currently estimated at $870,479, approximately $220 per square foot. This property was built in 1961. 411 W Markham Ave is a home located in Durham County with nearby schools including W.G. Pearson Elementary School, Club Boulevard Elementary School, and Brogden Middle.

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