tomo logo

$875,000

Beds
3
Baths
4.0
sq ft
4,424

1208 Restoration Drive, Durham, NC 27703

1208 Restoration Drive

Durham, NC 27703

  • 88 days on market
    • Price drop $20,000↓
    • Open house Feb 23
Enjoy a spacious home where luxury and comfort meet for a warm home filled with possibility. This home has the top luxurious options available when being built. It lives like a ranch with all of your main living on the first floor, yet has much more space on the second floor and basement.Gather in the open main area of the house where you can cook in the gourmet kitchen and not miss a moment of conversion. The owner's suite, on the main level, gives you your own personal getaway with your own access to the private courtyard and hot tub. Perfect for a multi-generational home, you have plenty of options on how to utilize the space within the house. The second floor has soundproof boarding along the walls. An excellent place for playing music, recording audio, a theatre system, or weekend band practice. For your quick intermission there's a kitchenette, full bathroom, and a flex room located on the second floor. The finished basement provides ample space for a living room, full bathroom, kitchenette, and full bedroom suite. There's also a large storage closet, perfect for all your seasonal decorations. Living here, you are close to shopping, movies, and the airport. You have convenience all around, from the house and its amenities to the location.

Details

Property type

Single Family Residence

Est. home value

$1,044,859

Lot size

6,534 sq ft

Price per sq ft

$198

Year built

2020

Annual property taxes

$9,584

Monthly HOA fee

$240

Price History

02/12/2025
TriangleMLS

TriangleMLS #10065102

Price change
$875,000
-2.23%
01/30/2025
TriangleMLS

TriangleMLS #10065102

Price change
$895,000
-4.79%
12/31/2024
TriangleMLS

TriangleMLS #10065102

Price change
$940,000
-1.05%

Schools & Community

Elementary school: 

Durham - Spring Valley

Middle school: 

Durham - Neal

High school: 

Durham - Southern

Community features: 

Pool, Clubhouse, Sidewalks, Street Lights

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

$342,532
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$462,468
Cash to seller
$342,532

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

Seller’s Loan History

Lender

Corporate Investors Mortgage Group Inc

Loan start date

December 2020

Original loan amount

$510,400

Est. remaining balance

$462,468

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Barbara Lowe and Timothy Sauve

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: 02/22/2025 at 11:40 PM

Listing updated: 02/20/2025 at 4:00 PM

Listed by: Rob Zelem, LPT Realty, LLC Phone #: (919) 376-7193

MLS: TriangleMLS #10065102

TriangleMLS logo

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