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$3,425,000

Beds
4
Baths
4.5
sq ft
5,464

488 Colvard Farms Road, Durham, NC 27713

488 Colvard Farms Road

Durham, NC 27713

  • 34 days on market
Beautiful Colvard Farm's Home that Compliments its Gated 4 acre Homesite. 488 Colvard Farms Road is a very private 4-acre wooded estate that combines its transitional architecture with modern comforts. This comfortable haven is part of the gated community of Colvard Farms Estates, offering both privacy and exclusivity. This home boasts nearly 5500 square feet of living space with an additional unfinished 1390 square feet that can yield a 2nd Floor Owners Suite and a large temperature-controlled basement workshop or storage area. The home features 4 spacious bedrooms (including a first floor owners suite), 4 full baths, and 1 half bath. Recent upgrades include restored black walnut hardwoods, a new roof with warranty, two new high-efficiency TRANE heating/cooling units, along with a finished basement. The expansive lower level is flooded with natural light and has new high-end LVP flooring along with a home theater room. Additionally, a new full bath and bedroom makes it perfect for an in-law suite or guest accommodations. The home overlooks a beautiful pond providing serene views from all three levels. Although it feels like a secluded home, it's conveniently located just 2 miles from Southpoint Mall, I-40 and only 15 minutes from RDU Airport. The Colvard Farms community offers a variety of amenities, including over 2 miles of picturesque walking trails, a pool, a clubhouse with playground and newly updated tennis and pickleball courts. This property is a perfect blend of seclusion and convenience, offering a peaceful retreat with easy access to urban amenities. The 4 acre lot, with a move-in ready home, is the largest in Colvard's history. Don't miss this rare opportunity.

Details

Property type

Single Family Residence

Est. home value

$1,829,341

Lot size

4.0 acres

Price per sq ft

$627

Year built

2006

Annual property taxes

$10,961.38

Monthly HOA fee

$256.67

Price History

10/19/2024
TriangleMLS

TriangleMLS #10059218

Listed
$3,425,000

Schools & Community

Neighborhood: 

Colvard Farms

Elementary school: 

Durham - Lyons Farm

Middle school: 

Durham - Lowes Grove

High school: 

Durham - Jordan

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

First South Bank

Loan start date

July 2014

Original loan amount

$4,700,000

Est. remaining balance

Not provided

Interest rate

3.01%

Loan type

Not Provided

Seller

Seven Five One Investments Llc

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: 11/23/2024 at 6:55 AM

Listing updated: 11/13/2024 at 5:30 PM

Listed by: John Glenn Riester, Berkshire Hathaway HomeService Phone #: (919) 383-4663

MLS: TriangleMLS #10059218

TriangleMLS logo

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