tomo logo

$398,000

Beds
1
Baths
1.5
sq ft
1,066

506 North Mangum Street Unit 303, Durham, NC 27701

506 North Mangum Street Unit 303

Durham, NC 27701

  • 232 days on market
    • Price drop $51,000↓
Experience the ultimate in urban living with this 1-bedroom, 1.5-bath condo located in the heart of Downtown Durham. Featuring open living space and a balcony with great city views, this condo is a must-see for anyone seeking convenience and style in a prime location. Step inside to discover bright, large windows that flood the living area with natural light. Perfect for entertaining, the seamless layout connects the living room, kitchen, and dining area, offering plenty of space to relax. The spacious bedroom includes a walk-in closet and an en-suite bathroom. Unlike many downtown condos, this unit also features a convenient half-bath for guests. A large storage is located ideally on main level! Enjoy the walkable lifestyle with Durham's top attractions just steps away, from award-winning restaurants and the farmer's market to DPAC and more. With free parking options nearby, this condo offers both luxury and practicality in one of the city's most sought after areas. Don't miss your chance to make this urban oasis your new home or investment!

Details

Property type

Condominium

Est. home value

$451,492

Lot size

Unknown

Price per sq ft

$374

Year built

2009

Annual property taxes

$4,115.4

Monthly HOA fee

$281.66

Price History

09/05/2024
TriangleMLS

TriangleMLS #10020994

Price change
$398,000
-7.23%
08/05/2024
TriangleMLS

TriangleMLS #10020994

Removed
$429,000
06/08/2024
TriangleMLS

TriangleMLS #10020994

Price change
$429,000
-4.45%

Schools & Community

Neighborhood: 

Cleveland-Holloway

Elementary school: 

Durham - Glenn

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

$90,973
Asking price
$398,000
Closing costs (~8% of asking)
-$31,840
Est. remaining loan balance
-$275,187
Cash to seller
$90,973

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

Seller’s Loan History

Lender

Corporate Investors Mortgage Group Inc

Loan start date

April 2021

Original loan amount

$297,600

Est. remaining balance

$275,187

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Jacquelyn Beth Kercheval

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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Status: Active

Tomo last checked: 11/23/2024 at 6:45 AM

Listing updated: 09/25/2024 at 8:39 AM

Listed by: Anna Selig Murphy, Marie Austin Realty Co. Phone #: (919) 286-5611

MLS: TriangleMLS #10020994

TriangleMLS logo

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