Seller's Agent in 2024
Robert Hunt
Keller Williams Elite Realty
(919) 699-3210
1 in this area
119 Total Sales
2301 Otis St Durham, NC 27707
Spaulding Community NeighborhoodEstimated Value: $367,000 - $393,876
5
Beds
4
Baths
1,967
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Multiple cooling system units
- Corner Lot
- Front Porch
- Private Driveway
About This Home
As of December 2024Fully rented triplex w/ amazing proximity to Downtown Durham! Property professionally managed w/ total rent equaling $2,900.00 and everything already in place for a truly 'Hands-Off Investment' w/ instant cash flow. Property layout provides plenty of flexibility, either for personal use or investment purposes. Perfectly situated ''corner lot'' offers expansive driveway, off street parking, & possible room for expansion. Close proximity to bus-line & American Tobacco Trail for easy access to everything Durham has to offer! Tour the property right now w/ the interactive 3D Virtual Tour!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,914
Year Built
- Built in 1948
Lot Details
- 8,102 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Level Lot
- Cleared Lot
Parking
- Private Driveway
Home Design
- Triplex
- Shingle Roof
Interior Spaces
- 1,967 Sq Ft Home
- 1-Story Property
- Wood Flooring
- Unfinished Attic
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Front Porch
Schools
- Spaulding Elementary School
- Shepard Middle School
- J D Clement Early College High School
Utilities
- Multiple cooling system units
- Heating Available
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, telephone
- The owner pays for all utilities
- Assessor Parcel Number 116110
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 25, 2024
Closed on
Nov 22, 2024
Sold by
Outpost Realty Llc
Bought by
Pfau Megan
Seller's Agent
Robert Hunt
Keller Williams Elite Realty
Buyer's Agent
Barbara Taylor
Navigate Realty
List Price
$450,000
Sold Price
$385,000
Premium/Discount to List
-$65,000
-14.44%
Total Days on Market
36
Views
84
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,031
Avg. Annual Appreciation
-1.31%
Original Mortgage
$365,750
Outstanding Balance
$365,079
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$17,890
Purchase Details
Listed on
Jan 30, 2021
Closed on
Jul 14, 2021
Sold by
West 4Th Llc
Bought by
Outpost Realty Llc
Seller's Agent
Thomas Hennessey
Hennessey Real Estate, LLC
Buyer's Agent
Mindy Oberhardt
RE/MAX United
List Price
$279,900
Sold Price
$217,000
Premium/Discount to List
-$62,900
-22.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.43%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pfau Megan | $385,000 | Partner Title | |
| Pfau Megan | $385,000 | Partner Title | |
| Outpost Realty Llc | $217,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pfau Megan | $365,750 | |
| Closed | Pfau Megan | $365,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Sold | $385,000 | -3.5% | $196 / Sq Ft |
| 10/31/2024 10/31/24 | Pending | -- | -- | -- |
| 10/10/2024 10/10/24 | Price Changed | $399,000 | -11.3% | $203 / Sq Ft |
| 09/25/2024 09/25/24 | For Sale | $450,000 | +107.4% | $229 / Sq Ft |
| 12/14/2023 12/14/23 | Off Market | $217,000 | -- | -- |
| 07/15/2021 07/15/21 | Sold | $217,000 | -5.7% | $157 / Sq Ft |
| 06/12/2021 06/12/21 | Pending | -- | -- | -- |
| 06/04/2021 06/04/21 | Price Changed | $230,000 | -2.1% | $166 / Sq Ft |
| 05/28/2021 05/28/21 | Price Changed | $234,900 | -2.1% | $169 / Sq Ft |
| 05/08/2021 05/08/21 | Price Changed | $239,900 | -4.0% | $173 / Sq Ft |
| 04/24/2021 04/24/21 | Price Changed | $249,900 | -3.8% | $180 / Sq Ft |
| 02/26/2021 02/26/21 | Price Changed | $259,900 | -5.1% | $188 / Sq Ft |
| 02/08/2021 02/08/21 | Price Changed | $273,900 | -2.1% | $198 / Sq Ft |
| 01/29/2021 01/29/21 | For Sale | $279,900 | -- | $202 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $2,209 | $158,378 | $29,650 | $128,728 |
| 2023 | $2,075 | $158,378 | $29,650 | $128,728 |
| 2022 | $2,027 | $158,378 | $29,650 | $128,728 |
| 2021 | $2,018 | $158,378 | $29,650 | $128,728 |
| 2020 | $1,970 | $158,378 | $29,650 | $128,728 |
| 2019 | $2,054 | $165,154 | $29,650 | $135,504 |
| 2018 | $1,414 | $104,253 | $17,790 | $86,463 |
| 2017 | $1,404 | $104,253 | $17,790 | $86,463 |
| 2016 | $1,356 | $104,253 | $17,790 | $86,463 |
| 2015 | $1,375 | $99,296 | $22,089 | $77,207 |
| 2014 | $1,375 | $99,296 | $22,089 | $77,207 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Hunt
-
B
Buyer's Agent in 2024
Barbara Taylor
Navigate Realty
(919) 559-8358
-
Thomas Hennessey
Seller's Agent in 2021
Thomas Hennessey
Hennessey Real Estate, LLC
(203) 410-6729
2 in this area
17 Total Sales
-
Mindy Oberhardt
Buyer's Agent in 2021
Mindy Oberhardt
RE/MAX United
(919) 349-6688
1 in this area
126 Total Sales
Map
Similar Homes in Durham, NC
Source: Doorify MLS
MLS Number: 10054547
APN: 116110
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Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
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