NOT LISTED FOR SALE

502 Commonwealth St Durham, NC 27703

Bethesda Neighborhood

Estimated Value: $320,000 - $353,000

3 Beds
2.5 Baths
1,269 Sq Ft
$264/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2023

Last sale price $350,000 $276 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,110 / mo

58 Days on Market

Highlights

  • New Construction
  • Contemporary Architecture
  • Quartz Countertops
  • Deck
  • Main Floor Primary Bedroom
  • 2-minute walk to C. R. Wood Park

About This Home

As of November 2023

Perfect lot for your new home! Builders available to build your dream home on this lot. Contact Listing Agent for more details.

Last Agent to Sell the Property

Shonda Draughn

Compass -- Raleigh License #283641 Listed on: 08/11/2023

Compass -- Raleigh

Last Buyer's Agent

Kit Serrell

Howard Hanna Allen Tate Raleigh Glenwood License #330535

Howard Hanna Allen Tate Raleigh Glenwood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $212

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,269 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Luxury Vinyl Tile Flooring
  • Scuttle Attic Hole
  • Laundry on upper level

Kitchen

  • Electric Range
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-in Shower

Parking

  • Parking Pad
  • Private Driveway

Outdoor Features

  • Deck
  • Rain Gutters

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Association fees include unknown

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$212

Year Built

Built in 2023 | New Construction

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Year Built: 2023
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1269.0
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see survey
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2023-08-01
  • Cooling:Electric: Yes
  • Cooling Zoned: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Interior Features LivingDining Room Combination: Yes
  • Laundry Features Upper Level: Yes
  • Attic Features Scuttle: Yes
  • Architectural Style Contemporary: Yes
  • General Property Information Above Grade Finished Area: 1269.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information Lot Size Acres: 0.05
  • General Property Information:Living Area3: 1269.0
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Luxury Vinyl
  • Interior Amenities: Entrance Foyer, Living/Dining Room Combination, Quartz Counters, Walk-In Shower
  • Appliances: Electric Range, Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.05
  • Home Warranty: Yes
  • Construction Type: Fiber Cement
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, Parking Pad
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Parking Pad: Yes

Utilities

  • Heating: Electric, Zoned
  • Cooling: Electric, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 212.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2025
Sold by
Bought by
Current Estimated Value
$334,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,600
Outstanding Balance
$293,600
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$40,795

Purchase Details

Closed on
Jun 18, 2025
Sold by
Bought by

Purchase Details

Listed on
Aug 11, 2023
Closed on
Nov 7, 2023
Sold by
Bought by
Seller's Agent
Shonda Draughn
Compass -- Raleigh
Buyer's Agent
Kit Serrell
Howard Hanna Allen Tate Raleigh Glenwood
List Price
$366,000
Sold Price
$350,000
Premium/Discount to List
-$16,000
-4.37%
Views
73

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.75%
Original Mortgage
$276,000
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2021
Closed on
May 21, 2021
Sold by
Bought by
Seller's Agent
Eddie Alie
Howard Hanna Allen Tate Raleigh Glenwood
Buyer's Agent
Eddie Alie
Howard Hanna Allen Tate Raleigh Glenwood
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
121.28%
Original Mortgage
$275,000
Interest Rate
2.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Beeline Ttile
-- None Listed On Document
-- None Listed On Document
$345,000 None Listed On Document
$345,000 None Listed On Document
$236,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $293,600
Previous Owner $276,000
Previous Owner $275,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Off Market $50,000 -- --
11/02/2023 11/02/23 Sold $350,000 -1.7% $276 / Sq Ft
10/08/2023 10/08/23 Pending -- -- --
10/02/2023 10/02/23 Price Changed $356,000 -2.7% $281 / Sq Ft
09/12/2023 09/12/23 For Sale $366,000 0.0% $288 / Sq Ft
09/12/2023 09/12/23 Price Changed $366,000 -2.3% $288 / Sq Ft
08/27/2023 08/27/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $374,800 +649.6% $295 / Sq Ft
05/21/2021 05/21/21 Sold $50,000 0.0% -- View Prior Sale
04/27/2021 04/27/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $50,000 -- --
Source: Doorify MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,676 $370,815 $73,500 $297,315
2024 $2,315 $165,929 $15,750 $150,179
2023 $1,780 $15,720 $15,720 $0
2022 $201 $15,720 $15,720 $0
2021 $221 $17,325 $17,325 $0
Source: Public Records

Agents Affiliated with this Home

  • Shonda Draughn

    Seller's Agent in 2023

    Shonda Draughn

    Compass -- Raleigh

    (919) 610-6163

    3 in this area

    100 Total Sales

    Shonda Draughn
    Section Image

  • K

    Buyer's Agent in 2023

    Kit Serrell

    Howard Hanna Allen Tate Raleigh Glenwood

    (910) 322-1725

    3 in this area

    109 Total Sales

    Kit Serrell
    Section Image
  • Eddie Alie

    Seller's Agent in 2021

    Eddie Alie

    Howard Hanna Allen Tate Raleigh Glenwood

    (919) 931-8000

    140 Total Sales

    Eddie Alie
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2526470

Doorify MLS

APN: 229315

North Carolina Durham County Durham 27703 Bethesda

502 Commonwealth St, Durham, NC

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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.