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$224,900

Beds
2
Baths
1.0
sq ft
1,176

206 South Driver Street, Durham, NC 27703

206 South Driver Street

Durham, NC 27703

  • Pending
BEAUTIFUL! Victorian Gable and Wing Cottage on a deep, .47 Acre lot. in Old East Durham! The +/- 123 year old home is largely intact, including, exterior: brackets, 4/4 ''wavy glass'' windows & German board siding + Interior: oak floors, 9'' baseboard moldings, 9+ feet high shiplap ceilings, decorative hearths in both Bedrooms & much, much more. Great floor plan. The home will require significant upgrades & it conveys As-Is, Where-Is. Additionally, Preservation Durham has Preservation Covenants on the home via deed restriction. The little gem is 2 blocks- a literal stone's throw- from East Durham's burgeoning Business District, with a growing array of services & wonderful food; BBQ, Sandwiches & Pizza, plus Social Club & Brewery. Downtown Durham is a mile-and-a-half-away. If you LOVE an old home & want a project, consider 206 S Driver Street.

Details

Property type

Single Family Residence

Est. home value

$240,835

Property condition

Fixer

Lot size

0.47 acres

Price per sq ft

$192

Year built

1900

Annual property taxes

$1,242

Price History

07/03/2024
TriangleMLS

TriangleMLS #10030180

Pending
$224,900
05/17/2024
TriangleMLS

TriangleMLS #10030180

Listed
$224,900
-10%
05/14/2024
TriangleMLS

TriangleMLS #10002115

Removed
$249,900

Schools & Community

Neighborhood: 

Old East Durham

Elementary school: 

Durham - Y E Smith

Middle school: 

Durham - Neal

High school: 

Durham - Southern

Community features: 

Curbs, Restaurant, Sidewalks, Street Lights

High school district: 

Durham - The School for Creative Studies

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

$164,826
Asking price
$224,900
Closing costs (~8% of asking)
-$17,992
Est. remaining loan balance
-$42,082
Cash to seller
$164,826

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

Seller’s Loan History

Lender

Fm Lending Services Llc

Loan start date

April 2007

Original loan amount

$65,000

Est. remaining balance

$42,082

Interest rate

6.14%

Loan type

Not Provided, 30 year

Seller

Pamela A Sobek

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: Pending/Under Contract

Tomo last checked: 07/05/2024 at 12:40 AM

Listing updated: 07/03/2024 at 2:33 PM

Listed by: Ian Kipp, Berkshire Hathaway HomeService Phone #: (919) 383-4663

MLS: TriangleMLS #10030180

TriangleMLS logo

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