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$3,750,000

Beds
3
Baths
3.5
sq ft
5,863

4900 West Cornwallis Road, Durham, NC 27705

4900 West Cornwallis Road

Durham, NC 27705

  • 350 days on market
    • Price drop $800,000↓
FABULOUS NEW PRICE! Surrounded by Duke Forest, this 12.16 acre treasure offers quiet privacy only minutes from Duke, DT Durham or UNC/Chapel Hill. This five BR estate property is comprised of a main house with 3 ensuite BRs plus a 2BR/2BA cottage only a quick stroll away. The primary residence includes the components of a magnificent 1850's barn relocated to NC & setting the stage for this carefully constructed home completed in 2009. The separate restored 1840's farmhouse provides perfect guest quarters with its additional 2BRs/2BA, LR w/fp, full kitchen and screen porch. The main house incorporates historic elements rescued from a beautiful old house in Halifax, Va. Gorgeous open design is ideal for entertaining. Spectacular stone fireplace. Incomparable heart pine woodwork. Pretty baths, bookcses, open kitchen/scullery/ barn doors. Enjoy the best of a 2024 lifestyle with modern amenities including an elevator and home gym. Don't miss the convenient & enormous storage in garage walk-up & under house walk-in. Ancient trees shade this land grant parcel of Couch family heritage. Established gardens include stone and brick hardscape, retaining walls, a meandering creekbed and koi pond lovingly planted with specimen favorites and next generation trees. Deer fencing & irrigation protect the large vegetable garden. Rolling pasture welcomes children and pets to play freely.

Details

Property type

Single Family Residence

Est. home value

$588,559

Lot size

12.16 acres

Price per sq ft

$640

Year built

2008

Annual property taxes

$14,485

Price History

08/06/2024
TriangleMLS

TriangleMLS #10004941

Price change
$3,750,000
-17.58%
04/11/2024
TriangleMLS

TriangleMLS #10004941

Price change
$4,550,000
-19.47%
01/07/2024
TriangleMLS

TriangleMLS #10004941

Listed
$5,650,000
+841.67%

Schools & Community

Elementary school: 

Orange - New Hope

Middle school: 

Orange - A L Stanback

High school: 

Orange - Cedar Ridge

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

1St Medallion Mortgage Corporation

Loan start date

September 2009

Original loan amount

$417,000

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

New Conventional, 30 year

Seller

George A Horton Iii and Alice K Horton

Lender

Keysource Commercial Bank

Loan start date

December 2007

Original loan amount

$1,600,000

Est. remaining balance

Not provided

Interest rate

6.03%

Loan type

Credit Line (Revolving), 15 year

Seller

George A Horton Iii and Alice K Horton

Lender

Branch Banking And Trust Co

Loan start date

December 2003

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

6.05%

Loan type

Not Provided

Seller

George A Horton Iii and Alice K Horton

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

Price drop
TriangleMLS
$3,380,000
5 bd
|
3.5 ba
|
4,352 sq ft
|
House

643 Brookview Dr, Chapel Hill, NC 27514

Status: Active

Tomo last checked: 12/22/2024 at 6:40 AM

Listing updated: 12/20/2024 at 11:25 AM

Listed by: Susan Peak, Peak, Swirles & Cavallito Phone #: (919) 419-1234

MLS: TriangleMLS #10004941

TriangleMLS logo

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