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$193,688Estimated home value

Beds
3
Baths
1.0
sq ft
900

427 Lakeland Street, Durham, NC 27701

427 Lakeland Street

Durham, NC 27701

  • Sold On 12/7/2020
Three Bedroom, One Bathroom Mill House. Covered front porch. Flat, fenced backyard. Half-a-block South to Burton Elementary & North to the Bryant Pedestrian Bridge, that spans the Durham Freeway with the pretty blue arch of lights at night. Minutes to North Carolina Central University & Downtown Durham. Moments to the Durham Freeway.

Details

Property type

Single Family Residence

Est. home value

$193,688

Lot size

4,791.6 sq ft

Price per sq ft

$131

Year built

1920

Annual property taxes

$753

Price History

03/11/2025
TriangleMLS

TriangleMLS #10032004

Removed
$485,000
11/16/2024
TriangleMLS

TriangleMLS #10032004

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

TriangleMLS #10032004

Listed
$495,000
+350%

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

$25,162
Asking price
$117,312
Closing costs (~8% of asking)
-$9,385
Est. remaining loan balance
-$82,765
Cash to seller
$25,162

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

$82,765

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?

Similar Homes Nearby

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TriangleMLS
$425,000
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Status: Off Market

Tomo last checked: 04/02/2025 at 4:25 PM

Listing updated: 02/17/2025 at 10:26 PM

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

MLS: TriangleMLS #2337295

TriangleMLS logo

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