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

  • 3 days on market
Experience the best of Downtown Durham in this stunning 1-bedroom, 1.5-bath condo, where modern style meets unbeatable convenience. This bright and airy home boasts an open-concept layout with expansive windows that flood the space with natural light. Step out onto your private balcony and take in the vibrant city views. The thoughtfully designed interior features a seamless open flow between the living, dining, and kitchen areas, creating an inviting space for both everyday living and entertaining. The spacious bedroom includes a walk-in closet and a luxurious en-suite bath, while a rare additional half-bath in the main space offers added convenience for guests. A brand-new water heater ensures efficiency and peace of mind, while a generously sized storage unit on the building's main level provides easy access to all your essentials. Located in the heart of Durham, this condo places you steps from award-winning restaurants, DPAC, the farmer's market, and more. Enjoy a truly walkable lifestyle coupled with effortless city living. Whether you're looking for your dream home or a smart investment, this urban retreat is a rare opportunity you won't want to miss!

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

02/28/2025
TriangleMLS

TriangleMLS #10079110

Listed
$398,000
01/08/2025
TriangleMLS

TriangleMLS #10020994

Removed
$398,000
12/02/2024
TriangleMLS

TriangleMLS #10020994

Pending
$398,000

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

$93,234
Asking price
$398,000
Closing costs (~8% of asking)
-$31,840
Est. remaining loan balance
-$272,926
Cash to seller
$93,234

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

$272,926

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?

Status: Active

Tomo last checked: 03/03/2025 at 5:55 PM

Listing updated: 03/03/2025 at 5:31 AM

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

MLS: TriangleMLS #10079110

TriangleMLS logo

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