tomo logo

$650,000

Beds
3
Baths
2.5
sq ft
2,344

1525 Acadia Street, Durham, NC 27701

1525 Acadia Street

Durham, NC 27701

  • 11 days on market
Welcome to 1525 Acadia Street, Durham! This charming mid-century modern home, built in 1960, features 3 bedrooms and 2.5 bathrooms, including groovy 1960s pink and teal bathrooms. With a classic brick exterior and a newly installed roof, this home has been thoughtfully restored and reinforced after a windstorm in August 2023. The spacious sunken living room boasts hardwood floors, built-in bookshelves and a cozy wood-burning fireplace. The updated kitchen, featuring beautiful quartz countertops, leads to a breakfast room with a built-in entertainment center and another fireplace. The partially finished basement, complete with a half bathroom, laundry, and storage areas, awaits your creative touch. Enjoy the outdoors in your fenced backyard with a lovely rear patio, or take in the view of Duke Park from your expansive front yard. The 36-foot long covered front porch, equipped with ceiling fans, offers a perfect spot to relax. Duke Park, located directly across the street, provides trails, a playground, picnic tables, and a dog run. This home also offers a 1-car attached garage, an extensive driveway, and sits on a 0.327-acre lot. Its location provides easy access to nearby trails, including the Duke Park Trail, Pearl Mill Preserve, and Ellerbee Creek. Vibrant Downtown Durham, with its restaurants and nightlife, is only 2 miles away. Convenient access to Interstate 85 and Highway US-70 makes commuting a breeze. Additionally, the property is just 3 miles from Duke University, 10 miles from Research Triangle Park, and 15 miles from UNC-Chapel Hill, downtown Chapel Hill-Carrboro, and Raleigh-Durham International Airport.

Details

Property type

Single Family Residence

Est. home value

$673,838

Lot size

0.33 acres

Price per sq ft

$278

Year built

1960

Annual property taxes

$3,906.37

Price History

06/21/2024
TriangleMLS

TriangleMLS #10037061

Listed
$650,000
+43.81%
06/02/2020
TriangleMLS

TriangleMLS #2315458

Sold
$452,000

Schools & Community

Neighborhood: 

Duke Park

Elementary school: 

Durham - Club Blvd

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

$314,338
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$283,662
Cash to seller
$314,338

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

Seller’s Loan History

Lender

Victorian Finance Llc

Loan start date

May 2020

Original loan amount

$310,000

Est. remaining balance

$283,662

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Jacob Roberts Lau

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: 07/02/2024 at 7:20 PM

Listing updated: 06/21/2024 at 1:04 PM

Listed by: Giselle Feiger, Hodge&KittrellSothebysIntlRlty Phone #: (919) 800-0799

MLS: TriangleMLS #10037061

TriangleMLS logo

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