tomo logo

$180,000

Beds
2
Baths
1.0
sq ft
687

1216 Berkeley Street, Durham, NC 27705

1216 Berkeley Street

Durham, NC 27705

  • 59 days on market
Great Walltown location just minutes away from awesome amenities of Downtown, Ninth St., and Duke University. The original home is down to the framing. A shelled blank canvas waiting for you to build your dream home. Recreate the existing framing and addon or take the framing down but keep original foundation for original set back purposes and build new. Existing home has a crawl space not traditional basement.Durham Flood Planning Dept. can assist in building information to mitigate flood insurance (LA has general knowledge of this for conversation purposes)Renovation Lending may be possible through Prosperity Lending (Flyer in Documents). Seller willing to self finance with specific terms. Please ask about those terms.

Details

Property type

Single Family Residence

Est. home value

$221,552

Lot size

6,969.6 sq ft

Price per sq ft

$263

Year built

1925

Annual property taxes

$1,640.05

Price History

09/09/2024
TriangleMLS

TriangleMLS #10051494

Listed
$180,000
-7.64%
07/01/2024
TriangleMLS

TriangleMLS #2493963

Removed
$194,900
05/01/2024
TriangleMLS

TriangleMLS #2493963

Price change
$194,900
-4.88%

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

$93,959
Asking price
$180,000
Closing costs (~8% of asking)
-$14,400
Est. remaining loan balance
-$71,641
Cash to seller
$93,959

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

Seller’s Loan History

Lender

Suntrust Bank

Loan start date

November 2018

Original loan amount

$80,000

Est. remaining balance

$71,641

Interest rate

4.65%

Loan type

New Conventional, 30 year

Seller

William N Flagler Jr

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: 11/08/2024 at 4:20 AM

Listing updated: 09/23/2024 at 8:50 AM

Listed by: Joshua Lee Chumley, Fonville Morisey Realty Phone #: (919) 493-4434

MLS: TriangleMLS #10051494

TriangleMLS logo

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