tomo logo

$2,200,000

Beds
5
Baths
5.0
sq ft
6,602

1010 Homer Street, Durham, NC 27707

1010 Homer Street

Durham, NC 27707

  • 23 days on market
1010 Homer Street is a neoclassical architectural gem by George Watts Carr, a key figure in Durham's early 20th-century architecture. Originally for Mr. and Mrs. William Muirhead, the residence boasts flawless symmetry, premium materials, and advanced construction techniques. Inside, natural light floods through multiple French doors, connecting indoor and outdoor spaces and highlighting a flagstone terrace with seasonal perennials. The home features a versatile basement retreat, a charming third-floor guest suite with a vintage kitchenette, two laundry areas, a gorgeous primary bath, and a three-car garage designed by Ellen Cassilly. This residence epitomizes refined elegance and modern living, making it one of Durham's most distinguished treasures.

Details

Property type

Single Family Residence

Est. home value

$1,755,837

Lot size

1.0 acres

Price per sq ft

$334

Year built

1938

Annual property taxes

$12,330.45

Price History

06/14/2024
TriangleMLS

TriangleMLS #10035586

Listed
$2,200,000
+164.26%
01/29/2016
TriangleMLS

TriangleMLS #1995241

Sold
$832,500

Schools & Community

Neighborhood: 

Forest Hills

Elementary school: 

Durham - Morehead

Middle school: 

Durham - Brogden

High school: 

Durham - Jordan

Community features: 

Park, Playground, Tennis Court(s)

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

$1,611,472
Asking price
$2,200,000
Closing costs (~8% of asking)
-$176,000
Est. remaining loan balance
-$412,528
Cash to seller
$1,611,472

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2016

Original loan amount

$500,000

Est. remaining balance

$412,528

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Lawrence G Baxter and Sharon R Baxter

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: 07/07/2024 at 3:40 PM

Listing updated: 06/21/2024 at 1:04 PM

Listed by: Mary R Hunter, Urban Durham Realty Phone #: (919) 237-3701

MLS: TriangleMLS #10035586

TriangleMLS logo

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