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$200,000

Beds
2
Baths
1.0
sq ft
760

525 Martha Street, Durham, NC 27707

525 Martha Street

Durham, NC 27707

  • 58 days on market
This home is the Perfect value-add asset in the heart of Durham's Fayetteville Historic district. Minutes from NCCU. Currently leased out for $850 mo

Details

Property type

Single Family Residence

Est. home value

$185,346

Lot size

7,405.2 sq ft

Price per sq ft

$264

Year built

1946

Annual property taxes

$1,224

Price History

05/08/2024
TriangleMLS

TriangleMLS #10025235

Removed
$200,000
05/08/2024
TriangleMLS

TriangleMLS #10027830

Listed
$200,000
04/25/2024
TriangleMLS

TriangleMLS #10025235

Listed
$200,000

Schools & Community

Elementary school: 

Durham - Fayetteville

Middle school: 

Durham - Githens

High school: 

Durham - Hillside

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

$148,361
Asking price
$200,000
Closing costs (~8% of asking)
-$16,000
Est. remaining loan balance
-$35,639
Cash to seller
$148,361

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

Seller’s Loan History

Lender

Branch Banking And Trust Co

Loan start date

September 2014

Original loan amount

$44,800

Est. remaining balance

$35,639

Interest rate

4.13%

Loan type

New Conventional, 30 year

Seller

Dennis Daniel and Kimberly Daniel

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: 07/04/2024 at 11:05 PM

Listing updated: 05/07/2024 at 9:03 PM

Listed by: Rakeem Unique Chambers, Bold Real Estate Phone #: (919) 883-5500

MLS: TriangleMLS #10027830

TriangleMLS logo

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