Theresa Olson
Real Estate By Design
(984) 368-4892
77 Total Sales
4 in East Durham
$345K - $454K Price Range
506 N Hyde Park Ave Durham, NC 27703
East Durham NeighborhoodEstimated Value: $281,000 - $333,428
2
Beds
2
Baths
1,505
Sq Ft
$205/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
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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
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
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
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
-$26,143
Avg. Annual Appreciation
-4.02%
Original Mortgage
$318,250
Outstanding Balance
$311,834
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
-$2,977
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Durham, NC
-
Theresa Olson
-
Colin Anderson
Colin Anderson
Compass -- Chapel Hill - Durham
(984) 363-4192
33 Total Sales
1 in East Durham
$240,000 Price
-
Marie Burrell
Marie Burrell
Generations Real Estate
(984) 238-9373
64 Total Sales
2 in East Durham
$116K - $355K Price Range
-
Ganna Fisher
Ganna Fisher
Real Estate By Design
(984) 287-7552
101 Total Sales
1 in East Durham
$224,500 Price
-
Erica Sizemore
Erica Sizemore
Keller Williams Realty
(844) 741-4560
246 Total Sales
1 in East Durham
$457,500 Price
-
Alex Rivers
Alex Rivers
Imagination Homes LLC
(833) 702-4203
79 Total Sales
1 in East Durham
$225,000 Price
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 |
|---|---|---|---|
| $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
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 | $318,250 | ||
| Previous Owner | Enright Thomas J | $86,250 | |
| Previous Owner | Hicks Joseph A | $71,680 |
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 |
|---|---|---|---|---|
| 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
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 | $3,078 | $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
Seller's Agent in 2024
Christopher Mitchell
Coldwell Banker Advantage
(919) 967-6363
1 in this area
39 Total Sales
-
Regina Jones
Buyer's Agent in 2024
Regina Jones
Onwire Realty LLC
(704) 713-5799
1 in this area
19 Total Sales
Map
Source: Doorify MLS
MLS Number: 10044730
APN: 111466
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.
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.
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