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$419,000

Beds
3
Baths
1.0
sq ft
1,063

1815 University Drive, Durham, NC 27707

1815 University Drive

Durham, NC 27707

  • <1 day on market
    • Open house Oct 18
Forest Hills for $419,000!! Hard to believe, but it's true. Arguably the best neighborhood in Durham - it's rare to find a house and backyard this adorable, this close to all downtown has to offer at this price. Forest Hills park is out the door a block away (tennis, pickleball, pool, walking trails and open fields galore). Hang a left and hit the hipness that is Rockwood Plaza (Nana's, The Q-Shack, Beer Study, The Boot Room, Thai Cafe). This location can't be beat. And then there is the charm of this 1950's bungalow. Renovated in 2014 with new roof, plumbing, windows, HVAC and more. Beautiful hardwood floors add to the warmth with freshly painted interior. Large primary bedroom and 2 other larger bedrooms with easy one floor living. Don't need 3 bedrooms? How about a spacious home office or a home gym. The sun fills each room. Watch the game or hang with friend in the living room with brick fire place. Stainless steel fridge, dishwasher and oven nicely appoint the kitchen. And the tiered backyard gives you room for play space, patio and just peace and quiet in your own oasis. Add a fire pit or swing set or string a hammock and kickback in privacy. Oh, did I mention the garage? Not many of those in Forest Hills homes at this price point. Perfect for your primary home or an income generating rental property.

Details

Property type

Single Family Residence

Est. home value

$427,145

Lot size

7,405.2 sq ft

Price per sq ft

$395

Year built

1950

Annual property taxes

$3,737

Price History

10/17/2024
TriangleMLS

TriangleMLS #10058840

Listed
$419,000
+110.55%
11/20/2014
TriangleMLS

TriangleMLS #1970198

Sold
$199,000

Schools & Community

Neighborhood: 

Forest Hills

Elementary school: 

Durham - Spaulding

Middle school: 

Durham - Brogden

High school: 

Durham - Jordan

Community features: 

None

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

$175,210
Asking price
$419,000
Closing costs (~8% of asking)
-$33,520
Est. remaining loan balance
-$210,270
Cash to seller
$175,210

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

April 2021

Original loan amount

$227,625

Est. remaining balance

$210,270

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Alex D Bibbey and Athena T Samaras

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?

Status: Active

Tomo last checked: 10/18/2024 at 6:20 AM

Listing updated: 10/17/2024 at 10:00 PM

Listed by: Mark Simpson, Nest Realty of the Triangle Phone #: (919) 493-8383

MLS: TriangleMLS #10058840

TriangleMLS logo

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