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$555,000

Beds
3
Baths
2.5
sq ft
1,972

116 Lakeshore Drive, Durham, NC 27713

116 Lakeshore Drive

Durham, NC 27713

  • Coming soon
Here's the chance to live waterfront in Durham! Beautiful colonial style home overlooking Woodlake! This 3-bedroom, 2.5-bath home has character and charm. Hardwood floors throughout the entire first floor. The fireplace in the living room comes with a handsome wood mantle shelf. Patio doors lead directly to a huge deck that goes to the fenced backyard and the lake beyond. Granite and butcher block countertops adorn the eat-in kitchen, which has the best view with floor to ceiling windows bringing in the light and the backyard. High-quality water filtration system in the kitchen was installed in 2024. New dishwasher in 2025. The built-in shelves in the dining room are a great place for books and collections. Epoxy floor installed in the garage in 2021, and new water heater installed in 2020. Upstairs, the primary bedroom suite offers a sitting area and plenty of closets. The fenced backyard has a water irrigation system for landscaping. A 1.5-mile walking trail wraps around the lake and throughout the neighborhood. Half a mile away is the 6-mile trail in Woodcroft and the American Tobacco Trail. The community also offers a pool and clubhouse. It's a few minutes drive to Southpoint, I40, downtown Durham, American Tobacco Campus, and Chapel Hill. It's an ideal location with an amazing oasis in the backyard!

Details

Property type

Single Family Residence

Est. home value

$505,945

Lot size

7,840.8 sq ft

Price per sq ft

$282

Year built

1986

Annual property taxes

$4,212.15

Monthly HOA fee

$34.07

Price History

04/06/2020
TriangleMLS

TriangleMLS #2305628

Sold
$325,000
+38.3%
07/28/2016
TriangleMLS

TriangleMLS #2063163

Sold
$235,000
+32.39%
02/25/2004
TriangleMLS

TriangleMLS #694611

Sold
$177,500

Schools & Community

Neighborhood: 

Woodlake

Elementary school: 

Durham - Pearsontown

Middle school: 

Durham - Lowes Grove

High school: 

Durham - Hillside

Community features: 

Clubhouse, Pool

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

$231,018
Asking price
$555,000
Closing costs (~8% of asking)
-$44,400
Est. remaining loan balance
-$279,582
Cash to seller
$231,018

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2021

Original loan amount

$304,000

Est. remaining balance

$279,582

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Ayland Letsinger and Sarah Little

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: 04/01/2025 at 2:10 PM

Listing updated: 04/01/2025 at 12:13 PM

Listed by: Kim Satterfield, Elms Lane LLC Phone #: (919) 428-3135

MLS: TriangleMLS #10085419

TriangleMLS logo

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