NOT LISTED FOR SALE

5502 Mccormick Rd Durham, NC 27713

Estimated Value: $369,000 - $415,000

3 Beds
2 Baths
1,643 Sq Ft
$243/Sq Ft Est. Value

Last Sold March 06, 2023

Last sale price $390,000 $237 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,457/month

91 Days on Market

Highlights

  • Deck
  • 1 Fireplace
  • Cooling Available
  • Traditional Architecture
  • Porch
  • Living Room

About This Home

As of March 2023

Feel right at home when you walk into this Parkwood Gem. Split level living at it's best. Formal Living room on the main floor and a large Den on the lower. Perfect for entertaining friends for a BBQ in the back. Large fenced yard, New Quartz Countertops, Fresh Paint, New Flooring, New lighting, New appliances, just to name a few. Walking trails, two lakes, and multiple playgrounds all nearby. Under 3 miles to RTP, 7 miles to UNC, & 9 miles to Duke! Showings start 10/26/22.

Last Agent to Sell the Property

Justin Wright

United Real Estate Triangle License #322655 Listed on: 10/25/2022

United Real Estate Triangle

Last Buyer's Agent

Laurie Marcey

Coldwell Banker Advantage License #274959

Coldwell Banker Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,371

Year Built

  • Built in 1979

Lot Details

  • 0.31 Acre Lot

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • Private Driveway

Home Design

  • Traditional Architecture
  • Cedar

Interior Spaces

  • 1,643 Sq Ft Home
  • Multi-Level Property
  • 1 Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room
  • Luxury Vinyl Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Parkwood HOA
  • Parkwood Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,371

Year Built

Built in 1979

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Year Built: 1979
  • Prop. Type: Residential
  • Subdivision Name: Parkwood
  • Above Grade Finished Sq Ft: 1643.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Multi/Split
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 200.0
  • General Property Information Total Unfinished Area2: 200.0
  • General Property Information Lot Size Dimensions: Unknown
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Flooring Luxury Vinyl: Yes
  • Structure Type Site Built: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Feel right at home when you walk into this Parkwood Gem. Split level living at it's best. Formal Living room on the main floor and a large Den on the lower. Perfect for entertaining friends for a BBQ in the back. Large fenced yard, New Quartz Countertops, Fresh Paint, New Flooring, New lighting, New appliances, just to name a few. Walking trails, two lakes, and multiple playgrounds all nearby. Under 3 miles to RTP, 7 miles to UNC, & 9 miles to Duke! Showings Start 10/26/22.
  • Levels MultiSplit: Yes
  • General Property Information Above Grade Finished Area: 1643.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 13460.04
  • General Property Information Lot Size Acres: 0.309
  • General Property Information:Living Area3: 1643.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Luxury Vinyl
  • Interior Amenities: Entrance Foyer
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Features:Entrance Foyer: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.31
  • Construction Type: Cedar
  • Patio And Porch Features: Deck, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Cedar: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 250.0
  • Association Fee Frequency: Annually
  • Association Name: Parkwood HOA
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Parkwood HOA
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 250.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: Unknown
  • Lot Size Sq Ft: 13460.04
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2371.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Durham - Parkwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Mar 6, 2023
Sold by
Jmarc Group Llc
Bought by
Laggner Florian Martin and Moosmueller Caroline
Seller's Agent
Justin Wright
United Real Estate Triangle
Buyer's Agent
Laurie Marcey
Coldwell Banker Advantage
List Price
$439,900
Sold Price
$390,000
Premium/Discount to List
-$49,900
-11.34%
Views
94
Current Estimated Value
$400,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,027
Avg. Annual Appreciation
0.90%
Original Mortgage
$120,000
Outstanding Balance
$105,969
Interest Rate
5.28%
Mortgage Type
New Conventional
Estimated Equity
$294,058

Purchase Details

Listed on
Jul 11, 2022
Closed on
Jul 20, 2022
Sold by
Trioaks Capital Llc
Bought by
Jmare Group Llc
Seller's Agent
Susana Yourcheck
Flex Realty
Buyer's Agent
Alex Lien
LPT Realty, LLC
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.68%

Purchase Details

Listed on
Jul 11, 2022
Closed on
Jul 19, 2022
Sold by
James Hogan Thomas
Bought by
Trioaks Capital Llc
Seller's Agent
Susana Yourcheck
Flex Realty
Buyer's Agent
Alex Lien
LPT Realty, LLC
List Price
$300,000
Sold Price
$300,000
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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Purchase History

Date Buyer Sale Price Title Company
Laggner Florian Martin $390,000 --
Jmare Group Llc $318,000 None Listed On Document
Trioaks Capital Llc $300,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laggner Florian Martin $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2023 12/14/23 Off Market $390,000 -- --
12/14/2023 12/14/23 Off Market $300,000 -- --
03/06/2023 03/06/23 Sold $390,000 -4.9% $237 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/02/2023 01/02/23 Price Changed $409,900 -2.4% $249 / Sq Ft
12/01/2022 12/01/22 Price Changed $419,900 -1.4% $256 / Sq Ft
11/29/2022 11/29/22 Price Changed $425,900 -0.9% $259 / Sq Ft
11/17/2022 11/17/22 Price Changed $429,900 -0.5% $262 / Sq Ft
11/11/2022 11/11/22 Price Changed $431,900 -0.7% $263 / Sq Ft
11/05/2022 11/05/22 Price Changed $434,900 -1.1% $265 / Sq Ft
10/24/2022 10/24/22 For Sale $439,900 +46.6% $268 / Sq Ft
07/21/2022 07/21/22 Sold $300,000 0.0% $188 / Sq Ft View Prior Sale
07/10/2022 07/10/22 Pending -- -- --
07/10/2022 07/10/22 For Sale $300,000 -- $188 / 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 $4,124 $416,044 $131,000 $285,044
2024 $2,993 $214,583 $39,300 $175,283
2023 $2,811 $214,553 $39,270 $175,283
2022 $2,371 $185,257 $39,270 $145,987
2021 $2,360 $185,257 $39,270 $145,987
2020 $2,304 $185,257 $39,270 $145,987
2019 $2,304 $185,257 $39,270 $145,987
2018 $1,877 $138,356 $35,997 $102,359
2017 $1,863 $138,356 $35,997 $102,359
2016 $1,800 $138,356 $35,997 $102,359
2015 $1,951 $140,964 $27,941 $113,023
2014 -- $140,964 $27,941 $113,023
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2480721

Doorify MLS

APN: 152323