tomo logo

$1,048,900

Beds
4
Baths
4.5
sq ft
6,489

24 Pennington Place, Durham, NC 27707

24 Pennington Place

Durham, NC 27707

  • 26 days on market
Welcome to this extraordinary custom-built home in The Valley, where gracious living meets impeccable design. From the moment you step into the spacious entry foyer, you are greeted by soaring ceilings, gleaming Brazilian Cherry hardwood floors, and an abundance of natural light streaming through the large windows. This spectacular 4-bed home, each featuring private ensuite baths, features an abundance of architectural details, including substantial crown moldings, custom cabinetry, and coffered ceilings. The open-concept floor plan leads to an impressive family room with built in bookcases and a gas fireplace, perfect for gatherings. The gourmet kitchen -- equipped with high-end GE Profile SS appliances, including a 5-burner gas cooktop and large built in refrigerator -- also features a large island offering counter seating and ample storage. Adjacent is a bright breakfast area, surrounded by windows offering serene views of the woodlands. A lovely, covered veranda extends the living space outdoors, while a butler's pantry with wet bar and separate walk-in pantry complete this entertainer's dream. The primary suite is a true retreat with a soaring cathedral ceiling, an expansive ensuite bath with double vanities, a jetted tub, walk-in shower, and dressing area and an enormous walk-in closet. Enjoy the cozy sitting room with a two-sided gas fireplace or relax on the private screened porch overlooking peaceful wooded views. The lower level delivers added versatility and features a spacious bedroom, office, and a custom movie theater with a bar area and ample storage space. For added convenience, the home features separate cooling and heating zones by floor, providing flexibility for every season, and a partial house generator for peace of mind. Best of all, the HOA takes care of all lawn maintenance, so you can enjoy a low-maintenance lifestyle. Super convenient location; mins to Duke, UNC, RTP, I-40, & Southpoint Mall. This home is the epitome of luxurious living, offering comfort, elegance, and endless style in one of the area's most sought-after communities.

Details

Property type

Single Family Residence

Est. home value

$1,203,379

Lot size

5,227.2 sq ft

Price per sq ft

$162

Year built

2003

Annual property taxes

$9,020.6

Monthly HOA fee

$275

Price History

10/10/2024
TriangleMLS

TriangleMLS #10057452

Listed
$1,048,900
+40.79%
07/18/2018
TriangleMLS

TriangleMLS #2183097

Sold
$745,000
+1375.25%
05/03/2002
TriangleMLS

TriangleMLS #626185

Sold
$50,500

Schools & Community

Elementary school: 

Durham - Murray Massenburg

Middle school: 

Durham - Githens

High school: 

Durham - Jordan

Community features: 

Curbs, Sidewalks, Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Cardinal State Bank

Loan start date

December 2003

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

6.05%

Loan type

Credit Line (Revolving)

Seller

James H Watkins Jr and Wanda L Watkins

Lender

Cardinal State Bank

Loan start date

December 2003

Original loan amount

$322,700

Est. remaining balance

$0

Interest rate

5.39%

Loan type

Not Provided, 16 year

Seller

James H Watkins Jr and Wanda L Watkins

Lender

Cardinal State Bank

Loan start date

November 2002

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

6.01%

Loan type

Building or Construction Loan

Seller

James H Watkins Jr and Wanda L Watkins

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

Price drop
TriangleMLS
$1,095,000
4 bd
|
5 ba
|
4,032 sq ft
|
House

471 Erwin Road, Durham, NC 27707

TriangleMLS
$1,100,000
4 bd
|
2.5 ba
|
3,420 sq ft
|
House

2709 Spencer Street, Durham, NC 27705

TriangleMLS
$1,195,000
4 bd
|
3.5 ba
|
3,138 sq ft
|
House

1031 South Duke Street, Durham, NC 27707

Status: Active

Tomo last checked: 11/05/2024 at 10:05 PM

Listing updated: 11/04/2024 at 3:25 AM

Listed by: Joan Mueller, Nest Realty of the Triangle Phone #: (919) 948-6378

MLS: TriangleMLS #10057452

TriangleMLS logo

Recently listed in Durham

$739,900|4 bd|2.0 ba|House
$580,000|4 bd|3.0 ba|House
$699,000|4 bd|2.0 ba|House
$349,000|3 bd|2.0 ba|House
$425,590|3 bd|2.5 ba|Townhouse
$358,500|3 bd|2.0 ba|House
$377,380|3 bd|2.5 ba|Townhouse