tomo logo

$549,000

Beds
2
Baths
2.5
sq ft
2,029

1510 West Markham Avenue, Durham, NC 27705

1510 West Markham Avenue

Durham, NC 27705

  • 133 days on market
    • Price drop $11,000↓
A very special opportunity awaits fortunate buyers! We are delighted to announce that Duke University has given the sellers of 1510 W Markham Street permission to sell their deed-restricted property to buyers who are not employed at Duke University. Please note that the closing will need to take place after September 2, 2024. Discover sophistication & urban living in this conveniently located townhome adjacent to Duke University's East Campus. This home features 2 spacious, light-filled bedrooms, a private balcony off the dining area, an updated kitchen, a generous garage with storage, & fresh paint complementing the main floor hardwoods. Noteworthy features include the new basement mini-split, creating ample opportunities for flex space options like a home gym, office, craft room, or theater. With close proximity to a nearby coffee shops, Trinity Park, and East Campus, this townhouse's prime location ensures you're at the heart of it all. This is an opportunity that does not come along often!

Details

Property type

Townhouse

Est. home value

$590,806

Lot size

1,306.8 sq ft

Price per sq ft

$271

Year built

2001

Annual property taxes

$4,768

Monthly HOA fee

$475

Price History

07/01/2024
TriangleMLS

TriangleMLS #10012926

Listed
$549,000
07/01/2024
TriangleMLS

TriangleMLS #10012926

Removed
$549,000
06/06/2024
TriangleMLS

TriangleMLS #10012926

Price change
$549,000
-1.96%

Schools & Community

Neighborhood: 

Trinity Heights

Elementary school: 

Durham - E K Powe

Middle school: 

Durham - Brogden

High school: 

Durham - Riverside

Community features: 

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

$183,512
Asking price
$549,000
Closing costs (~8% of asking)
-$43,920
Est. remaining loan balance
-$321,568
Cash to seller
$183,512

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

June 2020

Original loan amount

$350,961

Est. remaining balance

$321,568

Interest rate

3.28%

Loan type

New Conventional, 30 year

Seller

Durga Borkar and Senthil Selvaraj

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

TriangleMLS
$485,000
2 bd
|
2 ba
|
1,182 sq ft
|
Townhouse

701 West Trinity Avenue Unit 116, Durham, NC 27701

TriangleMLS
$545,000
2 bd
|
1.5 ba
|
1,028 sq ft
|
Townhouse

106 Broadway Street Unit 207, Durham, NC 27701

TriangleMLS
$545,000
2 bd
|
1.5 ba
|
1,028 sq ft
|
Townhouse

106 Broadway Street Unit 101, Durham, NC 27701

Status: Active

Tomo last checked: 07/04/2024 at 11:10 PM

Listing updated: 07/01/2024 at 9:13 AM

Listed by: Mary R Hunter, Urban Durham Realty Phone #: (919) 237-3701

MLS: TriangleMLS #10012926

TriangleMLS logo

Recently listed in Durham

$398,900|3 bd|2.5 ba|House
$325,000|4 bd|2.5 ba|House
$300,000|3 bd|2.0 ba|Townhouse
$325,000|2 bd|2.5 ba|Townhouse
$515,000|3 bd|2.5 ba|House
$839,500|4 bd|4.5 ba|House
$325,000|2 bd|2.0 ba|House
$370,000|3 bd|2.5 ba|Townhouse
$479,000|3 bd|2.5 ba|House