NOT LISTED FOR SALE

701 Gray Ave Durham, NC 27701

Central Park Neighborhood

Estimated Value: $608,818 - $648,000

4 Beds
2.5 Baths
1,914 Sq Ft
$328/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $605,000 $316 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,744/month

135 Days on Market

Highlights

  • New Construction
  • Wood Flooring
  • Corner Lot
  • Craftsman Architecture
  • Main Floor Primary Bedroom
  • 4-minute walk to East End Park

About This Home

As of April 2022

New Construction in downtown Durham!! Craftsman style 2 story 4 bedroom home w/site finished hardwds through the main living areas. 1st flr owner's suite has 2 WIC's w/custom wood shelves, Quartz double vanity, & a large tiled shower. Kit has Granite c/tops, Samsung SS appl, subway tile backsplash, wine rack, & pantry w/custom wood shelving. Family rm has custom bookshelves around Granite surr gas log FP. Sod yard & covered front porch! Grilling patio in backyard for entertaining/relaxing! MUST SEE!

Last Agent to Sell the Property

Wallace Peiffer

Premier Advantage Realty Inc License #170317 Listed on: 11/02/2021

Last Buyer's Agent

Adrian Brown

Inhabit Real Estate License #218264

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 5,227 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Property is zoned R-3

Home Design

  • Craftsman Architecture
  • Transitional Architecture
  • Frame Construction

Interior Spaces

  • 1,914 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Smooth Ceilings
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Family Room with Fireplace
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity
  • Bathtub with Shower

Parking

  • Garage
  • Rear-Facing Garage
  • Private Driveway
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Eastway Elementary School
  • Lucas Middle School
  • Northern High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include unknown
  • Built by P & G Construction, Inc.

Home Details

Home Type

Single Family

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Builder Name: P & G Construction, Inc.
  • Year Built: 2021
  • Prop. Type: Residential
  • Road Frontage Type: Other
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1914.0
  • Architectural Style: Craftsman, Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see survey
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2021-10-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Utilities Cable Available: Yes
  • Remarks and Miscellaneous Syndication Remarks2: New Construction in downtown Durham!! Craftsman style 2 story 4 bedroom home w/site finished hardwoods through the main living areas. 1st flr owner's suite has 2 WIC's w/custom wood shelves, Quartz double vanity, & a large tiled shower. Kit has Granite c/tops, Samsung SS appl, subway tile backsplash, wine rack, & pantry w/custom wood shelving. Family rm has custom bookshelves around Granite surr gas log FP. Sod yard & covered front porch! Grilling patio in backyard! CALL WALLACE PEIFFER 919-302-1215!
  • Architectural Style Craftsman: Yes
  • Laundry Features Laundry Closet: Yes
  • General Property Information Above Grade Finished Area: 1914.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 5227.2
  • General Property Information Lot Size Acres: 0.12
  • General Property Information:Living Area3: 1914.0
  • General Property Information Builder Name: P & G Construction, Inc.
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Bookcases, Ceiling Fan(s), Double Vanity, Granite Counters, Kitchen/Dining Room Combination, Pantry, Primary Downstairs, Quartz Counters, Smooth Ceilings, Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Water Heater, Gas Range, Microwave
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas, Gas Log
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Bookcases: Yes
  • Appliances:Gas Range: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.12
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Window Features:Insulated Windows: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, Garage Faces Rear, On Street
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Garage Faces Rear: Yes

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Durham - Northern
  • Middle Or Junior School: Durham - Lucas

Lot Info

  • Zoning: R-3
  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: Db 8405 Pg 573

MLS Schools

  • Elementary School: Durham - Eastway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2021
Closed on
Apr 13, 2022
Sold by
P & G Construction Company Inc
Bought by
Leff Lila M and Risko John F
Seller's Agent
Wallace Peiffer
Premier Advantage Realty Inc
Buyer's Agent
Adrian Brown
Inhabit Real Estate
List Price
$625,000
Sold Price
$605,000
Premium/Discount to List
-$20,000
-3.2%
Current Estimated Value
$628,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,455
Avg. Annual Appreciation
1.04%
Original Mortgage
$453,750
Outstanding Balance
$428,265
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$200,190

Purchase Details

Closed on
Apr 20, 2018
Sold by
Martinez Lazara and Avalos Roberto
Bought by
P&G Construction Company Inc

Purchase Details

Closed on
Mar 29, 2012
Sold by
Martinez Jorge
Bought by
Martinez Lazara

Purchase Details

Closed on
Jan 18, 2012
Sold by
The Grace Foundation
Bought by
Martinez Jorge
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Leff Lila M $605,000 Lockamy Law Firm Pa
P&G Construction Company Inc $98,000 None Available
Martinez Lazara -- None Available
Martinez Jorge $6,500 None Available
The Grace Foundation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leff Lila M $453,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $605,000 -- --
04/18/2022 04/18/22 Sold $605,000 -3.2% $316 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
12/20/2021 12/20/21 Price Changed $625,000 +2.0% $327 / Sq Ft
11/15/2021 11/15/21 Price Changed $612,500 -2.0% $320 / Sq Ft
11/01/2021 11/01/21 For Sale $625,000 -- $327 / 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 $5,527 $557,532 $140,000 $417,532
2024 $5,524 $395,986 $78,190 $317,796
2023 $5,187 $395,986 $78,190 $317,796
2022 $5,068 $395,986 $78,190 $317,796
2021 $1,296 $101,737 $78,190 $23,547
2020 $1,266 $101,737 $78,190 $23,547
2019 $1,266 $101,737 $78,190 $23,547
2018 $878 $64,715 $16,755 $47,960
2017 $871 $64,715 $16,755 $47,960
2016 $842 $64,715 $16,755 $47,960
2015 $427 $30,856 $14,178 $16,678
2014 $427 $30,856 $14,178 $16,678
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    Wallace Peiffer

    Premier Advantage Realty Inc

  • Adrian Brown

    Buyer's Agent in 2022

    Adrian Brown

    Inhabit Real Estate

    (919) 808-4549

    5 in this area

    164 Total Sales

    Adrian Brown
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Map

Source: Doorify MLS

MLS Number: 2416699

Doorify MLS

APN: 110852

North Carolina Durham County Durham 27701 Central Park

701 Gray Ave, Durham, NC

Not Listed for Sale

Detached

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