NOT LISTED FOR SALE

Estimated Value: $946,386 - $1,105,000

3 Beds
3.5 Baths
2,310 Sq Ft
$445/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $944,980 $409 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,123/month

160 Days on Market

Highlights

  • New Construction
  • The property is located in a historic district
  • Contemporary Architecture
  • Lakewood Montessori Middle School Rated A-
  • Deck
  • 3-minute walk to Orchard Park

About This Home

As of May 2023

Downtown Durham‘s exclusive townhome community with Phase 2 availability; est. completion of December '22. Lot 10 is a Promenade unit featuring private rooftop terrace with Durham Skyline views, open concept interiors, 10ft ceilings, expansive windows with abundant natural lighting, luxury finishes, spa quality baths, is pre-wired for an elevator and extra large 2 car garage. Call about upgrade options--from elevator build out to dedicated flex space in garage to rooftop firepit and more! Walk to all of downtown Durham's hot tech companies, sports, entertainment, and all of the finest amenities.

Last Agent to Sell the Property

Courtney Florian

The Florian Companies License #286193 Listed on: 03/19/2022

Co-Listed By

Justin Florian

The Florian Companies License #307223

Last Buyer's Agent

Julia Newbold

Nest Realty of the Triangle License #297953

Nest Realty of the Triangle

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,904

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 1,176 Sq Ft Lot
  • Lot Dimensions are 18x65
  • End Unit
  • West Facing Home
  • Brick Fence
  • Landscaped with Trees

HOA Fees

  • $175 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Basement Garage
  • Electric Vehicle Home Charger

Home Design

  • Contemporary Architecture
  • Modernist Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Low Volatile Organic Compounds (VOC) Products or Finishes

Interior Spaces

  • 2,310 Sq Ft Home
  • 3-Story Property
  • Wired For Sound
  • Bookcases
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Open Floorplan
  • Laundry on upper level
  • Basement

Kitchen

  • Eat-In Kitchen
  • Double Self-Cleaning Convection Oven
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops

Flooring

  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Low Flow Plumbing Fixtures
  • Bathtub
  • Shower Only
  • Walk-in Shower

Home Security

  • Prewired Security
  • Smart Lights or Controls

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat
  • No or Low VOC Paint or Finish

Outdoor Features

  • Deck
  • Outdoor Gas Grill
  • Rain Gutters
  • Porch

Schools

  • Spaulding Elementary School
  • Brogden Middle School
  • Jordan High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Accessible Elevator Installed
  • The property is located in a historic district

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, trash
  • Community Focus Of Nc Association
  • Built by The Florian Companies
  • The Terraces At Morehead Hill Subdivision, The Promenade Floorplan

Recreation

  • Trails

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,904

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$175 per month

Parking

2

Listing Details

  • Builder Name: The Florian Companies
  • Builder Model: The Promenade
  • Year Built: 2022
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Trash
  • Co List Office Mls Id: 1797
  • Co List Office Phone: 919-307-5910
  • Subdivision Name: The Terraces at Morehead Hill
  • Above Grade Finished Sq Ft: 2310.0
  • Architectural Style: Contemporary, Modernist
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: Yes
  • Efficiency: Insulation, Lighting, Thermostat
  • Contract Information Ownership Type: Townhouse
  • General Property Information Above Grade Unfinished Area: 214.0
  • General Property Information Below Grade Unfinished Area: 776.0
  • General Property Information Total Unfinished Area2: 990.0
  • General Property Information Lot Size Dimensions: 18x65
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Interior Features KitchenDining Room Combination: 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: 2022-12-01
  • Cooling Zoned: Yes
  • Flooring Ceramic Tile: Yes
  • Interior Features Smooth Ceilings: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: No
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 3
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Interior Features LivingDining Room Combination: Yes
  • Laundry Features Upper Level: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Interior Features Bathtub Only: Yes
  • Interior Features Shower Only: Yes
  • Construction Materials Low VOC PaintSealantVarnish: Yes
  • Common Walls End Unit: Yes
  • Levels Three Or More: Yes
  • Security Features Prewired: Yes
  • Architectural Style Contemporary: Yes
  • Green Water Conservation Low-Flow Fixtures: Yes
  • Community Features Historical Area: Yes
  • Fencing Brick3: Yes
  • Architectural Style Modernist: Yes
  • General Property Information Above Grade Finished Area: 2310.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 1176.12
  • General Property Information Lot Size Acres: 0.027
  • General Property Information Builder Name: The Florian Companies
  • General Property Information Direction Faces: West
  • General Property Information Builder Model: The Promenade
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Ceramic Tile, Luxury Vinyl, Tile
  • Interior Amenities: Bathtub Only, Bookcases, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, High Speed Internet, Kitchen/Dining Room Combination, Living/Dining Room Combination, Pantry, Quartz Counters, Shower Only, Smart Light(s), Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Wired for Sound
  • Appliances: Convection Oven, Dishwasher, Double Oven, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Warming Drawer
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Fireplace Features:Living Room: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Bookcases: Yes
  • Appliances:Double Oven: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Wired for Sound: Yes
  • Appliances:Convection Oven: Yes
  • Appliances:Warming Drawer: Yes
  • Interior Features:Smart Light(s)2: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Gas Grill, Rain Gutters
  • Fencing: Brick
  • Acres: 0.03
  • Home Warranty: Yes
  • Common Walls: End Unit
  • Construction Type: Brick, Fiber Cement, Low VOC Paint/Sealant/Varnish
  • Direction Faces: West
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Brick: Yes
  • Exterior Features:Gas Grill: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Basement, Electric Vehicle Charging Station(s), Garage
  • Parking Features:Garage: Yes
  • Parking Features:Basement2: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Electric Vehicle Charging Station(s): Yes

Utilities

  • Heating: Electric, Zoned
  • Cooling: Heat Pump, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Zoned2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Historical Area, Street Lights
  • Association Fee: 175.0
  • Association Fee Frequency: Monthly
  • Association Name: Community Focus of NC
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Community Focus of NC
  • Association Amenities:Trail(s): Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 175.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Durham - Jordan
  • Middle Or Junior School: Durham - Brogden

Lot Info

  • Lot Dimensions: 18x65
  • Lot Size Sq Ft: 1176.12
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Low-Flow Fixtures
  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes
  • Green Energy Efficient:Insulation: Yes

MLS Schools

  • Elementary School: Durham - Spaulding

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2022
Closed on
May 11, 2023
Sold by
Terraces At Morehead Hills Llc
Bought by
Meyer Timothy Lanier
Seller's Agent
Courtney Florian
The Florian Companies
Buyer's Agent
Julia Newbold
Nest Realty of the Triangle
List Price
$928,500
Sold Price
$944,980
Premium/Discount to List
$16,480
1.77%
Views
2
Current Estimated Value
$965,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,990
Avg. Annual Appreciation
2.85%
Original Mortgage
$544,980
Outstanding Balance
$532,541
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$474,157
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Meyer Timothy Lanier $945,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer Timothy Lanier $544,980
Closed Meyer Timothy Lanier $100,000
Previous Owner Terraces At Morehead Hills Llc $12,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $944,980 -- --
05/11/2023 05/11/23 Sold $944,980 +1.8% $409 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $928,500 -- $402 / 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
2024 $7,904 $566,648 $160,000 $406,648
2023 $4,759 $363,326 $160,000 $203,326
2022 $2,048 $160,000 $160,000 $0
2021 $2,038 $160,000 $160,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2437397

Doorify MLS

APN: 227546