tomo logo

$400,000

Beds
1
Baths
1.0
sq ft
702

500 North Duke Street Unit 56-207, Durham, NC 27701

500 North Duke Street Unit 56-207

Durham, NC 27701

  • 16 days on market
Welcome to 500 N. Duke Street, Unit 56-207 Durham, NC. Make this 1 bedroom condo in the Bullington Warehouse Condominiums yours! Nestled in the heart of Downtown Durham, this historic building combines industrial charm with modern luxury. The condo features 1 bedroom and 1 bathroom with loft. Enjoy the graciously designed kitchen with quartz countertops, smooth cooktop, and stainless steel appliances. The living area boasts large 10-foot windows that flood the space with natural light, creating a warm and inviting atmosphere. The original flooring adds a touch of warmth and character, while the exposed brick walls provide a unique industrial aesthetic. The building amenities include a clubhouse, community barbecue grill, picnic area, laundry facilities, and a resident manager on-site. Conveniently situated near popular restaurants, the American Tobacco Trail, and all the vibrant dining and entertainment options downtown, this condo is perfect for those who love the hustle and bustle of city life. Don't miss out on this opportunity to experience the rich history and modern comfort of the Bullington Warehouse.

Details

Property type

Condominium

Est. home value

$354,556

Lot size

Unknown

Price per sq ft

$570

Year built

1927

Annual property taxes

$4,069.92

Monthly HOA fee

$444.4

Price History

02/06/2025
TriangleMLS

TriangleMLS #10074963

Listed
$400,000
+14.29%
05/20/2022
TriangleMLS

TriangleMLS #2443559

Sold
$350,000
+27.04%
07/19/2017
TriangleMLS

TriangleMLS #2120906

Sold
$275,500

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

$192,876
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$175,124
Cash to seller
$192,876

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

Seller’s Loan History

Lender

Pinnacle Bank

Loan start date

July 2017

Original loan amount

$206,625

Est. remaining balance

$175,124

Interest rate

4.02%

Loan type

New Conventional, 30 year

Seller

Royal F Oakes and Lauren Hm Oakes

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: 02/22/2025 at 12:20 PM

Listing updated: 02/18/2025 at 9:56 AM

Listed by: Kimberly Pappalardo, Real Broker, LLC Phone #: (919) 348-2585

MLS: TriangleMLS #10074963

TriangleMLS logo

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