tomo logo

$379,000

Beds
3
Baths
2.0
sq ft
1,371

1201 Liberty Street, Durham, NC 27703

1201 Liberty Street

Durham, NC 27703

  • 47 days on market
    • Price drop $11,000↓
Welcome to this delightful bungalow, ideally located just minutes from downtown Durham! This charming home boasts recent updates and a thoughtfully designed main level layout, making it both stylish and functional. Previously a successful Airbnb and long-term rental, this property offers endless possibilities for new owners. Set on a spacious lot with RU-5 (2) zoning, the property is primed for future growth. You can explore options such as subdividing the lot into a flag lot or adding an Accessory Dwelling Unit (ADU) behind the house, significantly enhancing its value. Enjoy serene mornings on the inviting front porch or host lively gatherings in the expansive, private backyard, perfect for grilling and entertaining. Whether you're looking for a cozy residence, an investment opportunity, or a blend of both, this bungalow offers the versatility and charm to suit your needs. Don't miss out on the chance to make this gem your own!

Details

Property type

Single Family Residence

Est. home value

$371,232

Lot size

0.26 acres

Price per sq ft

$277

Year built

1904

Annual property taxes

$2,664

Price History

09/03/2024
TriangleMLS

TriangleMLS #10044955

Price change
$379,000
-2.82%
08/22/2024
TriangleMLS

TriangleMLS #10044955

Price change
$390,000
-2.26%
08/02/2024
TriangleMLS

TriangleMLS #10044955

Listed
$399,000
+53.46%

Schools & Community

Neighborhood: 

Old East Durham

Elementary school: 

Durham - Eastway

Middle school: 

Durham - Neal

High school: 

Durham - Northern

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

$158,485
Asking price
$379,000
Closing costs (~8% of asking)
-$30,320
Est. remaining loan balance
-$190,195
Cash to seller
$158,485

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

Seller’s Loan History

Lender

Mutual Of Omaha Mortgage Inc

Loan start date

October 2020

Original loan amount

$208,000

Est. remaining balance

$190,195

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Ashley Nicole Robinson and Carl Taylor Jenkins

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?

Similar Homes Nearby

Price drop
TriangleMLS
$374,000
3 bd
|
2 ba
|
1,486 sq ft
|
House

304 Cherry Grove Street, Durham, NC 27703

TriangleMLS
$400,000
3 bd
|
2 ba
|
1,077 sq ft
|
House

312 East End Avenue, Durham, NC 27703

Price drop
TriangleMLS
$344,000
3 bd
|
2 ba
|
1,032 sq ft
|
House

1310 North Alston Avenue, Durham, NC 27701

Status: Active

Tomo last checked: 09/19/2024 at 2:55 PM

Listing updated: 09/12/2024 at 3:20 PM

Listed by: Brennan Alexander Wyatt, Society Real Estate, LLC Phone #: (919) 825-0292

MLS: TriangleMLS #10044955

TriangleMLS logo

Recently listed in Durham

$759,900|4 bd|2.5 ba|House
$425,000|4 bd|2.5 ba|House
$700,000|4 bd|2.5 ba|House
$429,900|3 bd|2.5 ba|Townhouse
$399,900|3 bd|2.5 ba|Townhouse
$399,900|3 bd|2.5 ba|Townhouse
$399,900|3 bd|2.5 ba|Townhouse