tomo logo

$289,000

Beds
2
Baths
2.5
sq ft
1,350

3080 Colony Road Unit A, Durham, NC 27705

3080 Colony Road Unit A

Durham, NC 27705

  • 6 days on market
Investor Alert! This 2 Bedroom/2.5 bathroom townhome in Durham's Colony Hill neighborhood is perfect for investors. This adorable property has served as an Airbnb since 2021, and is well situated to continue that use. It could also be a long term rental, or a great first home. The unit has had cosmetic upgrades including quartz countertops and new LVP floors throughout. The neighborhood, featuring a pool, playground and tennis courts, is well established and boasts a forest-like feel with mature hardwoods, dogwoods and shade loving perennials and groundcovers. Deer, squirrels and the occasional fox are regular visitors. The property is located a short distance from Duke University and downtown Durham and all it has to offer. There is so much to love about this home. Come take a look and see for yourself! Sellers will consider conveying furnishings on a separate bill of sale.

Details

Property type

Townhouse

Est. home value

$240,810

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$215

Year built

1972

Annual property taxes

$1,476.41

Monthly HOA fee

$277

Price History

03/22/2025
TriangleMLS

TriangleMLS #10083953

Price change
$289,000
+11.58%
03/21/2025
TriangleMLS

TriangleMLS #10083953

Listed
$259,000
+29.5%
11/15/2021
TriangleMLS

TriangleMLS #2403493

Sold
$200,000
+66.67%

Schools & Community

Elementary school: 

Durham - Forest View

Middle school: 

Durham - Githens

High school: 

Durham - Jordan

Community features: 

Street Lights

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

$99,141
Asking price
$289,000
Closing costs (~8% of asking)
-$23,120
Est. remaining loan balance
-$166,739
Cash to seller
$99,141

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

Seller’s Loan History

Lender

Equity Resources Inc

Loan start date

November 2021

Original loan amount

$180,000

Est. remaining balance

$166,739

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Jonathan P Douros and Katherine K Douros

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: 03/27/2025 at 8:25 PM

Listing updated: 03/23/2025 at 9:21 PM

Listed by: Kendra Douros, Coldwell Banker Advantage Phone #: (919) 346-0406

MLS: TriangleMLS #10083953

TriangleMLS logo

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