tomo logo

$400,000

Beds
1
Baths
1.0
sq ft
771

500 North Duke Street Unit 54-105, Durham, NC 27701

500 North Duke Street Unit 54-105

Durham, NC 27701

  • 25 days on market
Experience the daily dopamine of mid-century deck house living, in the package of an exceedingly convenient downtown condo. Dramatic 14 ft ceilings and oversized 10 ft tall windows frame your view of the Durham School of The Arts across the street. The dine-in kitchen, under the glow of the iconic George Nelson saucer bubble pendant, features natural quartzite countertops + all new Samsung appliances, including a future proof induction stove. Also new: the roof was replaced in 2023 and HVAC in 2024. Polished concrete floors (brilliantly restored by Luxcrete) and exposed brick reveal the history of Bullington Warehouse, erected in 1927 for storing and drying tobacco. Now, the building sits at the forefront of Durham's newer prevalent industry of tech, just two blocks away from Google and the Innovation District. The building is on Durham's upcoming Rail Trail which will make a jaunt downtown even easier with 2026 projected completion. For investors, the building features no rental cap and only a 30 day minimum lease. Live at the crossroads of Durham's old and new industries, in a thoughtfully curated condo that celebrates the historic while embracing the spirit of innovation. Disclaimer: The seller is a licensed real estate agent.

Details

Property type

Condominium

Est. home value

$353,546

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$519

Year built

1984

Annual property taxes

$3,749.97

Monthly HOA fee

$353.21

Price History

06/07/2024
TriangleMLS

TriangleMLS #10034065

Listed
$400,000
+73.91%
09/14/2020
TriangleMLS

TriangleMLS #2320738

Sold
$230,000

Schools & Community

Neighborhood: 

Warehouse District

Elementary school: 

Durham - E K Powe

Middle school: 

Durham - Brogden

High school: 

Durham - Riverside

Community features: 

Clubhouse, Street Lights

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

State Employees Cu

Loan start date

December 2022

Original loan amount

$65,850

Est. remaining balance

Not provided

Interest rate

6.06%

Loan type

Credit Line (Revolving)

Seller

Roy Ellis and Joseph Lee

Lender

Quicken Loans Llc

Loan start date

September 2020

Original loan amount

$207,000

Est. remaining balance

$190,078

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Roy Ellis

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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500 North Duke Street Unit 55-105, Durham, NC 27701

Status: Active

Tomo last checked: 07/02/2024 at 7:40 PM

Listing updated: 06/07/2024 at 2:36 PM

Listed by: Roy Ellis, Compass -- Chapel Hill - Durham Phone #: (919) 999-8482

MLS: TriangleMLS #10034065

TriangleMLS logo

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