tomo logo

$525,000

Beds
3
Baths
2.0
sq ft
1,357

1016 Lancaster Street, Durham, NC 27701

1016 Lancaster Street

Durham, NC 27701

  • Coming soon
Coming Soon- Showings are targeted to start April 8 th. Lovely Lancaster 3 Bed and 2 Bath Bungalow updated and cared for since 2009 by its Current Owner. The crown jewel of this property is its 2020 down to studs complete kitchen area renovation featuring new white cabinets, island, appliances including gas cooktop and hardwood flooring. No carpet in this Home! A well designed Laundry Room and Back Door Drop Zone complete this interior make over. Fenced Back Yard with newer 21x12 Deck, 12x10 Shed, Walkway to your rebuilt 2 Car Rear Parking Pad accessed from the Rear Gravel Alleyway. Crawl Space Encapsulation, 10 mil vapor barrier w/ 3 foot wall liner. Updated Windows, Door and Baseboards. No HOA! Minutes to Duke and Downtown Durham.

Details

Property type

Ranch

Est. home value

$575,791

Lot size

6,969.6 sq ft

Price per sq ft

$387

Year built

1920

Annual property taxes

$4,497.08

Price History

09/29/2009
TriangleMLS

TriangleMLS #1681964

Sold
$135,900

Schools & Community

Neighborhood: 

Walltown

Elementary school: 

Durham - E K Powe

Middle school: 

Durham - Brogden

High school: 

Durham - Riverside

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

$284,571
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$198,429
Cash to seller
$284,571

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

Seller’s Loan History

Lender

First National Bank Of Pennsylvania

Loan start date

August 2020

Original loan amount

$220,000

Est. remaining balance

$198,429

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Chelse A Sanborn

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?

Status: Coming Soon

Tomo last checked: 03/18/2025 at 12:25 AM

Listing updated: 03/17/2025 at 4:40 PM

Listed by: Christopher Baker, Assist 2 Sell Phone #: (919) 620-8100

MLS: TriangleMLS #10082895

TriangleMLS logo

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