tomo logo

$399,900

Beds
1
Baths
1.0
sq ft
865

500 North Duke Street Unit 53-307, Durham, NC 27701

500 North Duke Street Unit 53-307

Durham, NC 27701

  • 62 days on market
    • Price drop $25,100↓
Upgrade to a lifestyle of living in Downtown Durham overlooking the trees and the beautiful sunsets, maybe followed by a walk to the many popular restaurants for dinner or a bike/run/walk on the American Tobacco Trail? Natural light moves throughout this graciously appointed Third/TOP floor condominium! Quartz counter tops appoint chef's kitchen with smooth cook top, SS appliances including refrigerator. Hardwood floors, two story soaring ceilings in great room with two story brick wall. , A Wall of Windows. Owner's area with separate sitting/ dressing area. Plenty of storage. Amenities include club room and covered porch with steps down to grilling area. Walk to shops, theaters and restaurants, Durham Farmers Market, American Tobacco Trail, Durham Bulls and so much more.

Details

Property type

Condominium

Est. home value

$398,715

Lot size

Unknown

Price per sq ft

$463

Year built

1984

Annual property taxes

$3,656

HOA

Yes

Price History

08/27/2024
TriangleMLS

TriangleMLS #10039763

Price change
$399,900
-5.91%
07/08/2024
TriangleMLS

TriangleMLS #10039763

Listed
$425,000
+18.06%
07/29/2021
TriangleMLS

TriangleMLS #2391795

Sold
$360,000

Schools & Community

Neighborhood: 

Warehouse District

Elementary school: 

Durham - E K Powe

Middle school: 

Durham - Brogden

High school: 

Durham - Riverside

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

$65,467
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$302,441
Cash to seller
$65,467

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

July 2021

Original loan amount

$324,000

Est. remaining balance

$302,441

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Anne Sophie Maria Dorey

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: 09/08/2024 at 12:55 AM

Listing updated: 08/31/2024 at 7:53 PM

Listed by: Paul Stinson, Irby Stinson Realty Phone #: (919) 621-2929

MLS: TriangleMLS #10039763

TriangleMLS logo

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