5500 Novaglen Rd Durham, NC 27712
North Durham NeighborhoodEstimated payment $4,723/month
Highlights
- 19.74 Acre Lot
- Wooded Lot
- No HOA
About This Lot
Excellent investment opportunity in Durham, NC! This +/-10 lot subdivision proivdes by-right development for single-family well and septic lots in Durham County, NC on approximately 20 acres. Novaglen Road will need to be extended with an estimated cost of ~$500,000. Erosion control permits and DOT approval for the road construction were recently issued, so the property is ready for development! This offers residential developers a unique opportunity in a rapidly growing North Durham submarket with a strong demand for large-lot residential homes. This property allows for devleopers and homebuilders to capitalize on an incredibly strong residential sales market fueled by a lack of re-sale supply and a general lack of large lot single-family homes. Resale volume for existing product within nearby Treybutn has been strong with 34 sales in the last 12 months at prices up to $1,025,000. Overall new constructionhas been limited due to lack of supply, however, The View which recently delivered, has over a dozen sales in the last 12 months with prices averaging over $700,000.
Property Details
Property Type
- Land
Est. Annual Taxes
- $76
Lot Details
- 19.74 Acre Lot
- The property's road front is unimproved
- Wooded Lot
- Property is zoned RS20
Schools
- Little River Elementary School
- Lucas Middle School
- Northern High School
Utilities
- Well Required
- Septic Needed
Community Details
- No Home Owners Association
- Northwood Forest Subdivision
Listing and Financial Details
- Assessor Parcel Number 0835256732
Map
Home Values in the Area
Average Home Value in this Area
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 | $76 | $11,760 | $11,760 | $0 |
| 2024 | $28 | $2,980 | $2,980 | $0 |
| 2023 | $26 | $2,980 | $2,980 | $0 |
| 2022 | $25 | $2,980 | $2,980 | $0 |
| 2021 | $25 | $2,980 | $2,980 | $0 |
| 2020 | $25 | $2,980 | $2,980 | $0 |
| 2019 | $25 | $2,980 | $2,980 | $0 |
| 2018 | $23 | $2,607 | $2,607 | $0 |
| 2017 | $23 | $2,607 | $2,607 | $0 |
| 2016 | $22 | $2,607 | $2,607 | $0 |
| 2015 | $24 | $2,700 | $2,700 | $0 |
| 2014 | $24 | $2,700 | $2,700 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Price Changed | $895,000 | -5.3% | -- |
| 09/02/2025 09/02/25 | For Sale | $945,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $120,000 | -- |
Source: Doorify MLS
MLS Number: 10119287
APN: 186376
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