NOT LISTED FOR SALE

416 E Piedmont Ave Unit A & B Durham, NC 27707

Estimated Value: $342,000 - $364,000

4 Beds
2 Baths
1,500 Sq Ft
$232/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $355,000 $237 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,908/month

6 Days on Market

Highlights

  • Ranch Style House
  • Central Heating and Cooling System
  • Private Driveway

About This Home

As of June 2024

Huge growth potential due to spending by NCCU, The City of Durham, and the Heritage Square project.
Side by side duplexes offer an opportunity to rezone, and build new single family residences. All units are 2 bedrooms, and 1 bathroom with good parking. Seller does not need a 1031

Last Agent to Sell the Property

Charles Bulthuis

Reformation Asset Management License #277702 Listed on: 05/17/2024

Co-Listed By

Miguel Acosta

Reformation Asset Management License #309989

Last Buyer's Agent

Samuel Duncan

DASH Carolina License #306385

DASH Carolina

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,577

Year Built

  • Built in 1974

Lot Details

  • 8,712

Home Design

  • Ranch Style House
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Private Driveway
  • 2 Open Parking Spaces

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 119277

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,577

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Year Built: 1974
  • Prop. Type: Residential Income
  • Co List Office Mls Id: 75953
  • Co List Office Phone: 919-452-4833
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1500.0
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Laminate: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 1500.0
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information Lot Size Acres: 0.2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Shingle
  • Acres: 0.2
  • Construction Type: Block
  • Foundation Details: Slab
  • Construction Materials:Block2: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Driveway
  • Parking Features:Driveway: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Lot Info

  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 119277

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 1576.92
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 24, 2024
Sold by
Shaw Andrea
Bought by
Gupta Divyansh
Seller's Agent
Charles Bulthuis
Reformation Asset Management
Buyer's Agent
Samuel Duncan
DASH Carolina
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Views
165
Current Estimated Value
$331,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,882
Avg. Annual Appreciation
-5.15%
Original Mortgage
$248,500
Outstanding Balance
$245,768
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$86,356

Purchase Details

Closed on
Aug 1, 2018
Sold by
Larson Charlene M and Charlene M Larson Trust
Bought by
Shaw Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2014
Sold by
Watts Constance Merrick and Welch Constance Eileen
Bought by
Larson Charlene M and The Charlene M Larson Trust

Purchase Details

Closed on
Dec 31, 2007
Sold by
Sansom Vivian M
Bought by
Watts Constance M
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 Divyansh $355,000 Longleaf Title
Shaw Andrea $170,000 None Available
Larson Charlene M $79,000 None Available
Watts Constance M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gupta Divyansh $248,500
Previous Owner Shaw Andrea $111,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $355,000 +1.4% $237 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $350,000 -- $233 / 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 $1,820 $324,980 $105,000 $219,980
2024 $1,820 $130,453 $60,150 $70,303
2023 $1,709 $130,453 $60,150 $70,303
2022 $1,670 $130,453 $60,150 $70,303
2021 $1,662 $130,453 $60,150 $70,303
2020 $1,623 $130,453 $60,150 $70,303
2019 $1,623 $130,453 $60,150 $70,303
2018 $1,024 $75,481 $15,037 $60,444
2017 $1,016 $75,481 $15,037 $60,444
2016 $982 $75,481 $15,037 $60,444
2015 $1,203 $86,925 $20,896 $66,029
2014 -- $86,925 $20,896 $66,029
Source: Public Records

Agents Affiliated with this Home

  • Charles Bulthuis

    Seller's Agent in 2024

    Charles Bulthuis

    Reformation Asset Management

    (919) 452-4833

    54 Total Sales

    Charles Bulthuis
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Miguel Acosta

    Reformation Asset Management

    (919) 537-6081

    17 Total Sales

    Miguel Acosta
    Section Image
  • Samuel Duncan

    Buyer's Agent in 2024

    Samuel Duncan

    DASH Carolina

    (919) 830-1856

    145 Total Sales

    Samuel Duncan
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10029979

Doorify MLS

APN: 119277

North Carolina Durham County Durham 27701

416 E Piedmont Ave Unit A & B, Durham, NC

This home is located at 416 E Piedmont Ave Unit A & B, Durham, NC 27707 since 17 May 2024 and is currently estimated at $348,453, approximately $232 per square foot. This property was built in 1974. 416 E Piedmont Ave Unit A & B is a home located in Durham County with nearby schools including C. C. Spaulding Elementary, Morehead Montessori, and Sherwood Githens Middle.

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