507 Bingham St Durham, NC 27703
East Durham NeighborhoodEstimated payment $2,424/month
Total Views
940
0.38
Acre
$1,105,263
Price per Acre
16,553
Sq Ft Lot
About This Lot
4 soon to be lots! Prime Investment Opportunity! Priced at 105K/lot - Located in a rapidly growing area of Durham, this property presents an incredible opportunity for builders and developers! Set to be subdivided into four separate lots, this parcel is perfect for constructing four new single-family homes. With water and sewer available (taps not included), the groundwork is already in place for your next project. Home will be torn down prior to closing, and land will be subdivided prior to closing. This location is ideal for spec home construction, offering strong buyer demand and proximity to shopping, dining, and major highways. Whether you're looking to build and sell or create long-term rental opportunities, this is a rare chance to invest in one of Durham's emerging neighborhoods. Don't miss out on this prime development site!
Property Details
Property Type
- Land
Est. Annual Taxes
- $958
Year Built
- 1933
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 106.68x174x86.12x187.62
- Cleared Lot
Schools
- Y E Smith Elementary School
- Neal Middle School
- Southern High School
Community Details
- No Home Owners Association
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 | $479 | $68,700 | $27,520 | $41,180 |
| 2023 | $450 | $68,700 | $27,520 | $41,180 |
| 2022 | $879 | $68,700 | $27,520 | $41,180 |
| 2021 | $875 | $68,700 | $27,520 | $41,180 |
| 2020 | $855 | $68,700 | $27,520 | $41,180 |
| 2019 | $855 | $68,700 | $27,520 | $41,180 |
| 2018 | $866 | $63,836 | $17,175 | $46,661 |
| 2017 | $430 | $63,836 | $17,175 | $46,661 |
| 2016 | $415 | $63,836 | $17,175 | $46,661 |
| 2015 | $266 | $44,227 | $15,011 | $29,216 |
| 2014 | $266 | $44,227 | $15,011 | $29,216 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | For Sale | $420,000 | -- | -- |
Source: Doorify MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $190,000 | Keystone Title | |
| Special Warranty Deed | $125,000 | None Listed On Document | |
| Warranty Deed | $115,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $131,200 | Construction |
Source: Public Records
Similar Properties in Durham, NC
Source: Doorify MLS
MLS Number: 10087628
APN: 114497
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