NOT LISTED FOR SALE

425 Lakeland St Durham, NC 27701

East Durham Neighborhood

Estimated Value: $119,000 - $641,000

0.12 Acre
$3,768,650 Price per Acre
5,227 Sq Ft Lot

Last Sold December 16, 2021

Last sale price $110,000 $127 Per Sq Ft

Est. 311% increase in value since last sale

Current estimated payment $2,815/month

86 Days on Market

About This Lot

As of December 2021

Very close to DOWNTOWN and newly planned REUSE PROJECT on Henderson & Ramseur makes it a great INVESTMENT opportunity! FLAT AND VACANT lot. Save big on development costs- per Public Works, property has EXISTING SEWER & WATER TAPS on site. Build new home or Duplex per city Planning Dept - Zoned RU-5(2). Walking bridge makes it very easy to WALK TO restaurants, breweries (approx .8 miles) and all downtown has to offer! Several new construction homes nearby. 1/2 mile to NCCU. Buyer to verify all information.

Last Agent to Sell the Property

Krissan Gault

Coldwell Banker HPW License #292992 Listed on: 09/11/2021

Coldwell Banker HPW

Last Buyer's Agent

Dana Laberge

Triangle Residential Realty License #281765

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,268

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 60x86x60x86
  • Brush Vegetation
  • Level Lot
  • Cleared Lot
  • Property is zoned RU-5(2)

Schools

  • Bethesda Elementary School
  • Lowes Grove Middle School
  • Hillside High School

Utilities

  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$4,268

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: 60x86x60x86
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Vegetation Cleared2: Yes
  • Vegetation Brush: Yes
  • General Property Information Lot Size Square Feet2: 5227.0
  • General Property Information Lot Size Acres: 0.12
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.12
  • Lot Features:Level: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Schools

  • Ninth Grade High School: Durham - Hillside
  • Middle Or Junior School: Durham - Lowes Grove

Lot Info

  • Zoning: RU-5(2)
  • Current Use: Vacant
  • Lot Dimensions: 60x86x60x86
  • Lot Size Sq Ft: 5227.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2021
Closed on
Dec 16, 2021
Sold by
Americano Posh Properties Llc
Bought by
Se Opportunity Business Llc
Seller's Agent
Krissan Gault
Coldwell Banker HPW
Buyer's Agent
Dana Laberge
Triangle Residential Realty
List Price
$160,000
Sold Price
$110,000
Premium/Discount to List
-$50,000
-31.25%
Current Estimated Value
$452,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,238
Avg. Annual Appreciation
46.38%

Purchase Details

Closed on
Sep 7, 2021
Sold by
Holeman Vance Duryal
Bought by
American Posh Properties Llc

Purchase Details

Closed on
May 30, 2001
Sold by
Weatherspoon Mary M and Weatherspoon William D
Bought by
Holeman Vance Duryal
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
Se Opportunity Business Llc $110,000 None Available
American Posh Properties Llc $60,000 None Available
Holeman Vance Duryal $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Se Opportunity Business Llc $351,000
Previous Owner Holeman Vance D $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $110,000 -- --
12/16/2021 12/16/21 Sold $110,000 -8.3% $127 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
11/24/2021 11/24/21 Price Changed $120,000 -11.1% $138 / Sq Ft
10/19/2021 10/19/21 Price Changed $135,000 -6.9% $156 / Sq Ft
09/28/2021 09/28/21 Price Changed $145,000 -9.4% $167 / Sq Ft
09/11/2021 09/11/21 For Sale $160,000 -- $184 / 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
2024 $4,268 $305,950 $22,400 $283,550
2023 $3,497 $266,937 $22,340 $244,597
2022 $286 $22,340 $22,340 $0
2021 $285 $22,340 $22,340 $0
2020 $278 $22,340 $22,340 $0
2019 $278 $22,340 $22,340 $0
2018 $189 $13,962 $13,962 $0
2017 $188 $13,962 $13,962 $0
2016 $218 $16,741 $13,962 $2,779
2015 $450 $32,478 $12,319 $20,159
2014 $450 $32,478 $12,319 $20,159
Source: Public Records

Agents Affiliated with this Home

  • Krissan Gault

    Seller's Agent in 2021

    Krissan Gault

    Coldwell Banker HPW

    (714) 926-5747

    1 in this area

    56 Total Sales

    Krissan Gault
    Section Image
  • Dana Laberge

    Buyer's Agent in 2021

    Dana Laberge

    Triangle Residential Realty

    (815) 440-6087

    5 in this area

    34 Total Sales

    Dana Laberge
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2407282

Doorify MLS

APN: 119054

North Carolina Durham County Durham 27701 East Durham

425 Lakeland St, Durham, NC

This home is located at 425 Lakeland St, Durham, NC 27701 since 11 September 2021 and is currently estimated at $452,238, approximately $521 per square foot. 425 Lakeland St is a home located in Durham County with nearby schools including Burton Elementary, James E. Shepard Middle School, and Hillside High School.

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