tomo logo

$450,000

Beds
1
Baths
1.0
sq ft
1,120

500 North Duke Street Unit 55-306, Durham, NC 27701

500 North Duke Street Unit 55-306

Durham, NC 27701

  • 1 day on market
Beautiful 1 br / 1 bath + den condo in Downtown Durham! Situated right off Duke St., this multilevel loft and warehouse design condo is located on the 3rd floor of a historic and secured building. Impeccably maintained and full of charm, this top floor loft condo features large 10 foot windows that bathe the space in natural light. The main level showcases original maple flooring that adds warmth and character, while the updated kitchen boasts granite countertops, stainless steel appliances, contemporary lighting, and tile. The generously sized upstairs bedroom includes a skylight. Ideally located in the Warehouse District of Downtown Durham, this loft couldn't be in a better place to take advantage of all the amenities that have opened up over the last couple of years. Within a very short walk sits the Old Durham Bull's Athletic Park, Man Bites Dogs Theater, Cocoa Cinnamon coffee shop, King's sandwich shop, Geer Street Garden, Motorco Music Hall and eatery, The Pit, Fullsteam brewery, The Surf Club, Durham Farmer's Market, West Village, Brightleaf Square, plus much more. Close proximity to major universities/hospitals such as Duke and UNC-Chapel Hill.

Details

Property type

Condominium

Est. home value

$409,324

Lot size

Unknown

Price per sq ft

$402

Year built

1984

Annual property taxes

$3,933.33

Monthly HOA fee

$353.21

Price History

01/13/2025
TriangleMLS

TriangleMLS #10070619

Listed
$450,000
09/11/2024
TriangleMLS

TriangleMLS #10048506

Removed
$450,000
08/23/2024
TriangleMLS

TriangleMLS #10048506

Listed
$450,000
+21.62%

Schools & Community

Neighborhood: 

Warehouse District

Elementary school: 

Durham - George Watts

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

$103,158
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$310,842
Cash to seller
$103,158

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

Seller’s Loan History

Lender

Goprime Mortgage Inc

Loan start date

November 2021

Original loan amount

$333,000

Est. remaining balance

$310,842

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Nada Elsaid Salem

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: 01/14/2025 at 9:20 PM

Listing updated: 01/13/2025 at 4:31 PM

Listed by: Sarah Buenaflor El-Halabi, Keller Williams Realty Phone #: (919) 676-0600

MLS: TriangleMLS #10070619

TriangleMLS logo

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