tomo logo

$485,000

Beds
3
Baths
2.5
sq ft
1,780

427 Lakeland Street, Durham, NC 27701

427 Lakeland Street

Durham, NC 27701

  • 178 days on market
    • Price drop $10,000↓
Fully Renovated 1920 single family. Strong bones of a 1920 quality built home turned into a special home in a great location. Take the footbridge across 147 to access all that vibrant downtown has to offer.

Details

Property type

Single Family Residence

Est. home value

$193,688

Lot size

4,356 sq ft

Price per sq ft

$273

Year built

1920

Annual property taxes

$1,840

Price History

11/16/2024
TriangleMLS

TriangleMLS #10032004

Price change
$485,000
-2.02%
05/29/2024
TriangleMLS

TriangleMLS #10032004

Listed
$495,000
+350%
12/07/2020
TriangleMLS

TriangleMLS #2337295

Sold
$110,000
+1122.22%

Schools & Community

Elementary school: 

Durham - Bethesda

Middle school: 

Durham - Lowes Grove

High school: 

Durham - Hillside

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

$362,911
Asking price
$485,000
Closing costs (~8% of asking)
-$38,800
Est. remaining loan balance
-$83,289
Cash to seller
$362,911

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

Seller’s Loan History

Lender

Tcf National Bank

Loan start date

October 2020

Original loan amount

$88,000

Est. remaining balance

$83,289

Interest rate

2.93%

Loan type

New Conventional, 41 year

Seller

Brian Swafford and David W Swafford

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: Active

Tomo last checked: 11/23/2024 at 10:20 AM

Listing updated: 11/16/2024 at 8:10 AM

Listed by: John Crncic, West End Real Estate Group Phone #: (919) 625-7806

MLS: TriangleMLS #10032004

TriangleMLS logo

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