tomo logo

$425,000

Beds
5
Baths
2.0
sq ft
2,536

1006 Franklin Street, Durham, NC 27701

1006 Franklin Street

Durham, NC 27701

  • 107 days on market
    • Price drop $25,000↓
Step into this beautifully remodeled historic home, where timeless elegance meets contemporary convenience! Featuring stunning buttery heart of pine flooring, this 5 bedroom 2 bath residence boasts a renovated kitchen equipped with updated appliances, custom cabinetry, and a spacious walk-in pantry—perfect for culinary enthusiasts. Enjoy the modern comforts of a new roof (installed in 2021), a new water heater, and a sealed crawlspace, ensuring peace of mind for years to come. The home offers a versatile layout with ample space to add one or two bathrooms, providing even more flexibility to suit your needs. Outside, the fenced (custom bespoke 7') yard is a great place for relaxation and includes a handy storage shed for all your outdoor gear. With five generously sized bedrooms, you have the option to create home offices, studios, or guest rooms to fit your lifestyle. Located within walking distance of Golden Belt, you can easily enjoy local dining, desserts, and craft breweries. Plus, you'll have convenient access to downtown Durham, the Durham Bulls, DPAC, and more! Don't miss the chance to own this unique blend of historic charm and modern living—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$469,513

Property condition

Updated/Remodeled

Lot size

4,791.6 sq ft

Price per sq ft

$168

Year built

1916

Annual property taxes

$3,246

Price History

09/10/2024
TriangleMLS

TriangleMLS #10035165

Price change
$425,000
-5.56%
08/13/2024
TriangleMLS

TriangleMLS #10035165

Price change
$450,000
-3.85%
07/27/2024
TriangleMLS

TriangleMLS #10035165

Price change
$468,000
-4.1%

Schools & Community

Neighborhood: 

Golden Belt

Elementary school: 

Durham - Eastway

Middle school: 

Durham - Brogden

High school: 

Durham - Riverside

High school district: 

Durham - The School for Creative Studies

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$220,431
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$170,569
Cash to seller
$220,431

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

October 2021

Original loan amount

$205,414

Est. remaining balance

$170,569

Interest rate

2.19%

Loan type

New Conventional, 15 year

Seller

Michelle Roman and Nkolas Mitchell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/28/2024 at 2:15 AM

Listing updated: 09/23/2024 at 8:40 AM

Listed by: Rob Bray, My Dog Tess, Inc. Phone #: (919) 942-1059

MLS: TriangleMLS #10035165

TriangleMLS logo

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