tomo logo

$400,000

Beds
3
Baths
1.0
sq ft
1,044

1803 Hillcrest Drive, Durham, NC 27705

1803 Hillcrest Drive

Durham, NC 27705

  • 14 days on market
Welcome to our updated charming 1948 Bungalow! This home combines classic architectural elements with many modern upgrades, including a renovated kitchen with new appliances installed this year. This property has seen lots of updates since 2021, including new Hardieplank siding, Marvin windows, HVAC and tankless water heater, a new primary closet, refinished and hand painted hardwoods, a full interior painting, a new porch, a Google Nest Thermostat and more! The home also includes a large back yard with raised beds, a fig tree and plenty of opportunity to grow more. Less than 2 miles to Duke and Downtown Durham.

Details

Property type

Single Family Residence

Est. home value

$313,556

Lot size

7,840.8 sq ft

Price per sq ft

$384

Year built

1948

Annual property taxes

$1,720.15

Price History

06/20/2024
TriangleMLS

TriangleMLS #10036957

Listed
$400,000
+53.85%
06/25/2021
TriangleMLS

TriangleMLS #2387525

Sold
$260,000

Schools & Community

Neighborhood: 

Watts Hospital-Hillandale

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

$180,043
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$187,957
Cash to seller
$180,043

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

February 2022

Original loan amount

$217,000

Est. remaining balance

$187,957

Interest rate

2.3%

Loan type

New Conventional, 15 year

Seller

Merritt Chesson

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: 07/04/2024 at 11:50 PM

Listing updated: 07/01/2024 at 6:44 PM

Listed by: Desiree Goldman, Bold Real Estate Phone #: (919) 883-5500

MLS: TriangleMLS #10036957

TriangleMLS logo

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