NOT LISTED FOR SALE

509 Olive Branch Rd Durham, NC 27703

Eastern Durham Neighborhood

Estimated Value: $518,000 - $567,411

0.45 Acre
$1,219,118 Price per Acre
19,602 Sq Ft Lot

Sale Details

Date Sold: April 12, 2024

Last sale price $95,000

Est. 477% increase in value since last sale

Current estimated payment $3,106 / mo

70 Days on Market

Highlights

  • 0.45 Acre Lot
  • Corner Lot
  • Natural State Vegetation
  • Wooded Lot
  • No HOA

About This Lot

As of April 2024

Sewer easement in back of lot is permanent. City water is on Olive Branch Road. Sewer available on property. Listing agent is related to seller.

Last Agent to Sell the Property

Lena Foley

Hearth Realty, LLC License #296883 Listed on: 03/04/2024

Last Buyer's Agent

Michael Cowan

Carolina's Choice Real Estate License #273451

Range of Values:

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

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $786

Lot Details

  • 19,602 Sq Ft Lot
  • Natural State Vegetation
  • Corner Lot
  • Wooded Lot
  • Property is zoned RR

Community Details

  • No Home Owners Association
  • Association fees include electricity, sewer, utilities, water

Listing and Financial Details

  • Assessor Parcel Number 43 & 44

Property Details

Property Type

Land

Est. Annual Taxes

$786

Lot Details

0.45 Acres

Listing Details

  • Prop. Type: Land
  • Horses: No
  • Road Frontage Type: City Street, Public Road
  • Road Surface Type: Paved
  • Reso Association Fee Includes: Electricity, Sewer, Utilities, Water
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: approx 60 x197 see survey for exact numbers
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Sewer easement in back of lot is permanent. City water is on Olive Branch Road. Sewer available on property. Listing agent is related to seller.
  • General Property Information Horse YN2: No
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • Development Status Raw Land: Yes
  • General Property Information Lot Size Square Feet2: 19602.0
  • Vegetation Natural State: Yes
  • General Property Information Lot Size Acres: 0.45
  • General Property Information Waterfront YN: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential, Single Family

Exterior Features

  • Acres: 0.45
  • Waterfront: No
  • Lot Features:Wooded: Yes
  • Lot Features:Corner Lot: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • Horse Amenities:None11: Yes
  • General Property Information:Association YN: No
  • Association Fee Includes:Electricity2: Yes
  • Association Fee Includes:Utilities: Yes

Lot Info

  • Zoning: RR
  • Current Use: Vacant
  • Development Status: Raw Land
  • Horse Amenities: None
  • Lot Dimensions: approx 60 x197 see survey for exact numbers
  • Lot Size Sq Ft: 19602.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 43 & 44

Tax Info

  • Tax Annual Amount: 786.0
  • Tax Year: 2022

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
Oct 3, 2025
Sold by
Bethany Homes Llc
Bought by
Current Estimated Value
$548,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,200
Outstanding Balance
$442,502
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$106,101

Purchase Details

Listed on
Mar 4, 2024
Closed on
Apr 4, 2024
Sold by
M & F Development Co
Bought by
Bethany Homes Llc
Seller's Agent
Lena Foley
Hearth Realty, LLC
Buyer's Agent
Michael Cowan
Carolina's Choice Real Estate
List Price
$99,500
Sold Price
$95,000
Premium/Discount to List
-$4,500
-4.52%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
108.92%
Original Mortgage
$421,500
Interest Rate
6.94%
Mortgage Type
Construction
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Eastern Durham, NC

  • Chris Dula Real Estate Agent - Grossman Real Estate Group LLC

    Chris Dula

    Grossman Real Estate Group LLC

    (866) 614-4381

    12 Total Sales

    3 in Eastern Durham

    $378K - $610K Price Range

    Chris Dula
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  • Mary Hunter Real Estate Agent - Urban Durham Realty

    Mary Hunter

    Urban Durham Realty

    (984) 204-6517

    136 Total Sales

    1 in Eastern Durham

    $612,000 Price

    Mary Hunter
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  • Shelley Welch Real Estate Agent - Next Stage Realty

    Shelley Welch

    Next Stage Realty

    (877) 679-4352

    57 Total Sales

    1 in Eastern Durham

    $675,000 Price

    Shelley Welch
     Section Image
  • Kristine Cuddy Real Estate Agent - Keller Williams Elite Realty

    Kristine Cuddy

    Keller Williams Elite Realty

    (833) 677-0363

    53 Total Sales

    4 in Eastern Durham

    $365K - $525K Price Range

    Kristine Cuddy
     Section Image
  • Angela Outterbridge Real Estate Agent - Humphrey and Hyatt Realty Grou

    Angela Outterbridge

    Humphrey and Hyatt Realty Grou

    (252) 351-2336

    71 Total Sales

    1 in Eastern Durham

    $140,000 Price

    Angela Outterbridge
     Section Image
  • Katie Dinsmore Real Estate Agent - Inhabit Real Estate

    Katie Dinsmore

    Inhabit Real Estate

    (844) 771-3016

    75 Total Sales

    2 in Eastern Durham

    $301K - $632K Price Range

    Katie Dinsmore
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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
$560,000 None Listed On Document
Bethany Homes Llc $95,000 None Listed On Document
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 $447,200
Previous Owner Bethany Homes Llc $421,500
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
04/12/2024 04/12/24 Sold $95,000 0.0% --
03/10/2024 03/10/24 Pending -- -- --
03/08/2024 03/08/24 Off Market $95,000 -- --
03/04/2024 03/04/24 For Sale $99,500 0.0% --
02/25/2024 02/25/24 Pending -- -- --
02/09/2024 02/09/24 Price Changed $99,500 -16.4% --
01/29/2024 01/29/24 Price Changed $119,000 -20.1% --
12/30/2023 12/30/23 For Sale $149,000 -- --
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 $1,132 $114,187 $114,187 $0
2024 $837 $60,000 $60,000 $0
2023 $786 $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Lena Foley Real Estate Agent - Hearth Realty, LLC

    Seller's Agent in 2024

    Lena Foley

    Hearth Realty, LLC

    (919) 439-9648

    1 in this area

    16 Total Sales

    Lena Foley
    Section Image

  • MC

    Buyer's Agent in 2024

    Michael Cowan

    Carolina's Choice Real Estate

    Section Image
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Map

Source: Doorify MLS

MLS Number: 10003790

Doorify MLS

APN: 233600

North Carolina Durham County Durham 27703 Eastern Durham

509 Olive Branch Rd, 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.

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