tomo logo

$299,000

Beds
5
Baths
2.0
sq ft
1,431

306 North Driver Street, Durham, NC 27703

306 North Driver Street

Durham, NC 27703

  • 3 days on market
Don't miss this incredible opportunity for development in the East Durham Historic District, less than two miles from downtown Durham. This historic home currently operates as a rooming house with five income generating bedrooms sharing two full baths and yielding approximately $3,000 a month. However, with the 2024 changes to the Durham UDO and the affordable housing bonus program, there is now considerable opportunity for a myriad of unique development options on this nearly-.32 acre lot. A feasibility study was completed in May 2023 in anticipation of the then-proposed UDO revisions, which study provides a diverse range of potential options, including multi-story development, for this property.

Details

Property type

Single Family Residence

Est. home value

$380,209

Lot size

0.32 acres

Price per sq ft

$209

Year built

1900

Annual property taxes

$1,196.4

Price History

02/28/2025
TriangleMLS

TriangleMLS #10079324

Listed
$299,000
-6.56%
02/05/2025
TriangleMLS

TriangleMLS #10072091

Removed
$320,000
01/22/2025
TriangleMLS

TriangleMLS #10072091

Listed
$320,000

Schools & Community

Neighborhood: 

Old East Durham

Elementary school: 

Durham - Y E Smith

Middle school: 

Durham - Brogden

High school: 

Durham - Riverside

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

Option One Mortgage Corp

Loan start date

February 2003

Original loan amount

$55,000

Est. remaining balance

Not provided

Interest rate

8.85%

Loan type

Not Provided, 30 year

Seller

Willie Barron Phillips

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: 03/04/2025 at 12:05 AM

Listing updated: 03/03/2025 at 5:31 PM

Listed by: Sheri Hagerty, Hodge & Kittrell Sotheby's Int Phone #: (919) 876-7411

MLS: TriangleMLS #10079324

TriangleMLS logo

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