tomo logo

$429,000

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

  • 89 days on market
    • Price drop $20,000↓
Welcome to your urban oasis in the heart of downtown Durham! This ideally located 1 bedroom, 1.5 bath condo with a balcony overlooking the city is a must-see. Centrally located, this condo is walkable to everything Downtown has to offer, plus there are free options for parking very close by. But if dedicated parking is important to you, the seller is offering to cover the cost of a monthly spot in a city of Durham parking garage nearby for the first 6 months. As you step inside, you'll be greeted by an abundance of natural light streaming in through the large windows. The open-concept layout is perfect for entertaining, with a seamless flow from the living room to the kitchen and dining area. The bedroom features a walk-in closet and an en-suite bathroom. Separating itself from other downtown condos, this one includes a half-bath in the main living space for guests. Located within walking distance to the best of downtown Durham, including restaurants, the farmer's market, DPAC, and more, this condo offers the ultimate in urban living. Don't miss this opportunity to live in one of the most vibrant and sought-after areas in Durham!

Details

Property type

Condominium

Est. home value

$451,492

Lot size

Unknown

Price per sq ft

$403

Year built

2009

Annual property taxes

$4,115.4

Monthly HOA fee

$281.66

Price History

06/08/2024
TriangleMLS

TriangleMLS #10020994

Price change
$429,000
-4.45%
05/08/2024
TriangleMLS

TriangleMLS #10020994

Price change
$449,000
-6.26%
04/18/2024
TriangleMLS

TriangleMLS #10020994

Price change
$479,000
-2.24%

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

$117,254
Asking price
$429,000
Closing costs (~8% of asking)
-$34,320
Est. remaining loan balance
-$277,426
Cash to seller
$117,254

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

$277,426

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: 07/02/2024 at 7:00 PM

Listing updated: 06/25/2024 at 1:04 PM

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

MLS: TriangleMLS #10020994

TriangleMLS logo

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