NOT LISTED FOR SALE

506 Commonwealth St Durham, NC 27703

Bethesda Neighborhood

Estimated Value: $333,000 - $417,000

2 Beds
2.5 Baths
1,249 Sq Ft
$288/Sq Ft Est. Value

Last Sold April 08, 2024

Last sale price $339,800 $272 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,183/month

80 Days on Market

Highlights

  • New Construction
  • No HOA
  • Laundry Room
  • Contemporary Architecture
  • Home Office
  • 2-minute walk to C. R. Wood Park

About This Home

As of April 2024

Brand-new, meticulously crafted home offers the perfect blend of modern luxury and thoughtful design. With 1249 square feet of carefully planned living space, this 2-bedroom boasts a first-floor office, making it ideal for professionals and remote work enthusiasts. Step into the home and notice the elegant details that surround you. The kitchen features sleek quartz countertops that complement the contemporary cabinetry and generous countertop space! The luxury vinyl plank flooring throughout the home not only exudes sophistication but is also durable and easy to maintain! Sunlight dances through large windows, bathing this home in natural light. The airy and bright ambiance creates a warm and inviting atmosphere, making every day feel like a retreat. Escape to the second floor where entertainment meets relaxation. The expansive deck isa true gem, a perfect space for hosting gatherings, sipping your morning coffee or enjoying a glass of wine! This new construction home is an embodiment of modern luxury, designed with your comfort and style in mind. Don't miss your chance to own this Durham gem! Great starter home or investment property!

Last Agent to Sell the Property

Shonda Draughn

Compass -- Raleigh License #283641 Listed on: 01/02/2024

Compass -- Raleigh

Last Buyer's Agent

Alisa Thomas

Keller Williams Elite Realty License #225421

Keller Williams Elite Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $212

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 2,178

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,249 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family Room
  • Home Office
  • Luxury Vinyl Tile Flooring
  • Scuttle Attic Hole

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 2 Parking Spaces
  • Private Driveway
  • Paved Parking
  • On-Street Parking
  • 2 Open Parking Spaces

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Rain Gutters
  • 2,178 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Built by Ternion Homes

Listing and Financial Details

  • Assessor Parcel Number 229316

Home Details

Home Type

Single Family

Est. Annual Taxes

$212

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Builder Name: Ternion Homes
  • Year Built: 2023
  • Prop. Type: Residential
  • Horses: No
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1249.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Effective Year Built: 2023
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • 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: 2023-08-31
  • Cooling:Electric: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Second
  • Laundry Features Electric Dryer Hookup: Yes
  • Attic Features Scuttle: Yes
  • Architectural Style Contemporary: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Horse YN2: No
  • General Property Information Above Grade Finished Area: 1249.0
  • Cooling Ceiling Fan(s): Yes
  • Laundry Features Washer Hookup: Yes
  • Room Types Laundry2: Yes
  • Common Walls No Common Walls: Yes
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information Lot Size Acres: 0.05
  • General Property Information:Living Area3: 1249.0
  • General Property Information Builder Name: Ternion Homes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Flooring: Luxury Vinyl
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Water Heater, Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Oven: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.05
  • Common Walls: No Common Walls
  • Foundation Details: Slab
  • Exterior Features:Rain Gutters: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Driveway, On Street, Paved
  • Total Parking Spaces: 2.0
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Paved2: Yes
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Electric, Zoned
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Zoned2: Yes
  • Water Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Amenities:None: Yes
  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 229316

Tax Info

  • Tax Annual Amount: 212.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Apr 5, 2024
Sold by
Ternion Homes Llc
Bought by
Austin Kasey Symone
Seller's Agent
Shonda Draughn
Compass -- Raleigh
Buyer's Agent
Alisa Thomas
Keller Williams Elite Realty
List Price
$343,000
Sold Price
$339,800
Premium/Discount to List
-$3,200
-0.93%
Views
1473
Current Estimated Value
$360,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,334
Avg. Annual Appreciation
3.44%
Original Mortgage
$329,606
Outstanding Balance
$324,700
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$35,434

Purchase Details

Closed on
Jan 10, 2022
Sold by
Weitz Real Estate Llc
Bought by
Ternion Homes Llc

Purchase Details

Closed on
May 21, 2021
Sold by
Braha Adrian Marian and Braha Oana
Bought by
Weitz Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
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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
Austin Kasey Symone $340,000 None Listed On Document
Ternion Homes Llc $200,000 Gold Law Pa
Weitz Real Estate Llc $236,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Kasey Symone $329,606
Previous Owner Weitz Real Estate Llc $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2024 04/08/24 Sold $339,800 0.0% $272 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
03/05/2024 03/05/24 Price Changed $339,800 -0.9% $272 / Sq Ft
03/05/2024 03/05/24 Price Changed $343,000 +0.1% $275 / Sq Ft
03/05/2024 03/05/24 Price Changed $342,800 -0.1% $274 / Sq Ft
01/02/2024 01/02/24 For Sale $343,000 -- $275 / 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 $3,622 $365,343 $73,500 $291,843
2024 $1,896 $135,893 $15,750 $120,143
2023 $1,780 $0 $0 $0
2022 $201 $15,720 $15,720 $0
2021 $221 $17,340 $17,340 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10003998

Doorify MLS

APN: 229316