NOT LISTED FOR SALE
1 Bed
1 Bath
950 Sq Ft
1925 Built

Last Sold October 06, 2023

Last sale price $955,000 $1,005 Per Sq Ft

106 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • 4-minute walk to South Ellerbee Trail
  • George Watts Elementary Rated A-
  • Heating System Uses Natural Gas

About This Home

As of October 2023

With its prime location, this quadplex is perfectly situated for those seeking convenience and a vibrant community. Just steps away from renowned dining, eclectic shops, and local attractions, residents will enjoy the best of Durham's urban lifestyle. Each unit offers comfortable living spaces, with a total of four distinct residences. The layout provides a fantastic investment opportunity, allowing for a variety of options. Convenient off-street parking behind building. New roof with charcoal laminated architectural shingles from 2021. See document for full list of repairs.

Last Agent to Sell the Property

Kharmika Alston

The Alston Real Estate Group License #300331 Listed on: 05/25/2023

Last Buyer's Agent

Christine Khoury

Compass -- Chapel Hill - Durham License #193311

Compass -- Chapel Hill - Durham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,775

Year Built

  • Built in 1925

Parking

  • Off-Street Parking

Home Design

  • Vinyl Siding

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Schools

  • E K Powe Elementary School
  • Brogden Middle School
  • Riverside High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for water

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $13,332
  • Gross Income $55,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,775

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Flooring Vinyl: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Trinity Park itself is a highly desirable neighborhood, known for its tree-lined streets and sense of community. Residents can enjoy leisurely strolls to Trinity Park, a charming green space perfect for picnics or outdoor activities. Additionally, the location provides easy access to Duke University, downtown Durham, and major transportation routes, making commuting a breeze.
  • Flooring Laminate: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 4.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Laminate, Tile, Vinyl
  • Basement YN: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Operating Expense: 13332.0

Schools

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

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Water

Tax Info

  • Tax Annual Amount: 4775.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 55800.0

MLS Schools

  • Elementary School: Durham - E K Powe

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $955,000 -- --
10/06/2023 10/06/23 Sold $955,000 +1.6% $1,005 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
08/09/2023 08/09/23 Price Changed $940,000 -5.9% $989 / Sq Ft
05/25/2023 05/25/23 For Sale $999,000 -- $1,052 / 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 $9,215 $929,581 $324,500 $605,081
2024 $5,204 $373,097 $118,400 $254,697
2023 $4,775 $373,097 $118,400 $254,697
2022 $4,775 $373,097 $118,400 $254,697
2021 $4,753 $373,097 $118,400 $254,697
2020 $4,641 $373,097 $118,400 $254,697
2019 $4,641 $482,510 $118,400 $364,110
2018 $3,797 $279,945 $74,000 $205,945
2017 $3,769 $279,945 $74,000 $205,945
2016 $4,925 $378,547 $74,000 $304,547
2015 $2,373 $171,429 $79,900 $91,529
2014 $2,373 $171,429 $79,900 $91,529
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2512987

Doorify MLS