Seller's Agent in 2024
Christopher Mitchell
Coldwell Banker Advantage
(919) 967-6363
2 in this area
40 Total Sales
506 N Hyde Park Ave Durham, NC 27703
East Durham NeighborhoodEstimated Value: $267,000 - $366,000
2
Beds
2
Baths
1,505
Sq Ft
$207/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Bungalow
- Central Heating and Cooling System
- Park
- 1-Story Property
- Smart Thermostat
About This Home
As of September 2024House Hack Alert! Rare Duplex find in classic downtown Durham neighborhood. Live on one side. In 13-15 months rent it out, and repeat to your next property. It gets even better with an owner occupied downpayment of 3.5% FHA or 5% Conventional. Plus, you can use the current rent to qualify for the loan!
Welcome to this stunning duplex, a rare gem near downtown Durham! Perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space.
Step into Side B to explore its potential as a comfortable home or lucrative investment. Side A, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new HVAC system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come.
Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of Durham, offering unparalleled convenience and potential.
Viewings will be focused on Side B, with Side A available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city!
I have preferred lenders if you need to speak to anyone about qualifying using the rent to decrease your debt to income ratio!
Last Agent to Sell the Property
Coldwell Banker Advantage License #325943 Listed on: 08/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,970
Year Built
- Built in 1925 | Remodeled
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
- Private Entrance
- Partial crossed fence
Home Design
- Duplex
- Bungalow
- Pillar, Post or Pier Foundation
- Shingle Roof
- Vinyl Siding
- Lead Paint Disclosure
Interior Spaces
- 1,505 Sq Ft Home
- 1-Story Property
- Basement
- Crawl Space
- Smart Thermostat
Kitchen
- Electric Oven
- Free-Standing Electric Oven
- Free-Standing Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Wood
- Laminate
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- Gravel Driveway
- 4 Open Parking Spaces
Outdoor Features
- Rain Gutters
Schools
- Eastway Elementary School
- Neal Middle School
- Northern High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- The owner pays for taxes
- Assessor Parcel Number 083155055458
Community Details
Overview
- 4 Units
- Hyde Park Subdivision
Recreation
- Park
Building Details
- Gross Income $1,075
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
Sep 9, 2024
Sold by
Thomas James Enright Jr Revocable Family and Donna M Enright Revocable Family Trust
Bought by
Aasman Jordan
Seller's Agent
Christopher Mitchell
Coldwell Banker Advantage
Buyer's Agent
Regina Jones
Onwire Realty LLC
List Price
$325,000
Sold Price
$335,000
Premium/Discount to List
$10,000
3.08%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,693
Avg. Annual Appreciation
-5.49%
Original Mortgage
$318,250
Outstanding Balance
$314,673
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
-$3,366
Purchase Details
Closed on
Sep 21, 2018
Sold by
Enright Thomas J and Enright Donna M
Bought by
Enright Thomas James and The Thomas James Enright Jr Re
Purchase Details
Closed on
Jun 12, 2017
Sold by
Hicks Joseph A and Hicks Valinda R
Bought by
Enright Thomas J and Enright Donna M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
4.02%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 23, 1999
Sold by
Pendergraft Austin R Juanita
Bought by
Pendergraft Austin R and Pendergraft Juanita
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aasman Jordan | $335,000 | None Listed On Document | |
| Enright Thomas James | -- | None Available | |
| Enright Thomas J | $115,000 | None Available | |
| Pendergraft Austin R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aasman Jordan | $318,250 | |
| Previous Owner | Enright Thomas J | $86,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2024 09/17/24 | Sold | $335,000 | +3.1% | $223 / Sq Ft |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- |
| 08/02/2024 08/02/24 | For Sale | $325,000 | -- | $216 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $3,078 | $310,514 | $106,200 | $204,314 |
| 2024 | $2,098 | $150,384 | $26,640 | $123,744 |
| 2023 | $1,970 | $150,384 | $26,640 | $123,744 |
| 2022 | $1,925 | $150,384 | $26,640 | $123,744 |
| 2021 | $1,916 | $150,384 | $26,640 | $123,744 |
| 2020 | $1,871 | $150,384 | $26,640 | $123,744 |
| 2019 | $1,871 | $150,384 | $26,640 | $123,744 |
| 2018 | $1,213 | $89,455 | $14,800 | $74,655 |
| 2017 | $1,205 | $89,455 | $14,800 | $74,655 |
| 2016 | $1,164 | $89,455 | $14,800 | $74,655 |
| 2015 | $917 | $66,252 | $12,094 | $54,158 |
| 2014 | $917 | $66,252 | $12,094 | $54,158 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Mitchell
-
Regina Jones
Buyer's Agent in 2024
Regina Jones
Onwire Realty LLC
(704) 713-5799
1 in this area
17 Total Sales
Map
Source: Doorify MLS
MLS Number: 10044730
APN: 111466
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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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
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