1404 Gearwood Ave Durham, NC 27701
Central Park NeighborhoodEstimated payment $1,643/month
Total Views
12,941
3
Beds
2
Baths
1,925
Sq Ft
$138
Price per Sq Ft
Highlights
- Traditional Architecture
- Central Air
- Vinyl Flooring
- No HOA
- Asbestos
- Heat Pump System
About This Home
Attention investors! Exceptional opportunity awaits in a highly sought-after neighborhood close to Downtown Durham. This property presents two distinct avenues for potential buyers: restore this charming house to its original glory targeting a $600,000 ARV or build a new home in an area where prices are exceeding $900,000, providing significant potential for return on investment. Property sold as is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,969
Year Built
- Built in 1943
Lot Details
- 4,792 Sq Ft Lot
Home Design
- Traditional Architecture
- Shingle Roof
- Asbestos
- Lead Paint Disclosure
Interior Spaces
- 1,925 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- 2 Open Parking Spaces
Schools
- Eastway Elementary School
- Lucas Middle School
- Northern High School
Utilities
- Central Air
- Heat Pump System
Community Details
- No Home Owners Association
- Geerwood Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 110745
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,875 | $134,391 | $77,980 | $56,411 |
| 2023 | $1,760 | $134,391 | $77,980 | $56,411 |
| 2022 | $1,720 | $134,391 | $77,980 | $56,411 |
| 2021 | $1,712 | $134,391 | $77,980 | $56,411 |
| 2020 | $1,672 | $134,391 | $77,980 | $56,411 |
| 2019 | $1,672 | $134,391 | $77,980 | $56,411 |
| 2018 | $1,080 | $79,649 | $16,710 | $62,939 |
| 2017 | $1,072 | $79,649 | $16,710 | $62,939 |
| 2016 | $1,036 | $79,649 | $16,710 | $62,939 |
| 2015 | $906 | $65,454 | $13,995 | $51,459 |
| 2014 | $906 | $65,454 | $13,995 | $51,459 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | Price Changed | $265,000 | -7.0% | $138 / Sq Ft |
| 02/18/2025 02/18/25 | For Sale | $285,000 | -- | $148 / Sq Ft |
Source: Doorify MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $247,500 | Magnolia Title & Escrow | |
| Warranty Deed | $150,000 | None Listed On Document | |
| Warranty Deed | $80,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,800 | New Conventional | |
| Previous Owner | $75,600 | Unknown | |
| Previous Owner | $62,050 | No Value Available | |
| Previous Owner | $60,003 | Unknown | |
| Closed | $10,950 | No Value Available |
Source: Public Records
Similar Homes in Durham, NC
Source: Doorify MLS
MLS Number: 10077224
APN: 110745
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