501 N Elizabeth St, Durham, NC 27701

2 beds, 2 baths, 1,232 sqft
Sold: $69,000
Sold on 05/09/14
Zestimate®: $72,129
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

 
Turn this Frog into a Prince... Historic Home in Cleveland Holloway Waiting for an Owner Occupant or Investor to Complete Renovations and Get Historic Tax Credits. Interior Framing, Foundation Work to Include Installed Piers, Floor Joists & Girders, Rebuilt Skirt Wall, and Roof Repairs Have Already Been Done. Buildable Lot at 503 N. Elizabeth St can be purchased as a combo deal.
What I love about the home
This home has newly solid bones ready for someone to finish the job. you pick the finishes and work directly with the contractor to make this your perfect dream home. There is an existing contracting relationship with the very excellent Cadence Construction in Durham. Foundation, roofing, permits, plan set, and tax credits approved. Finish the job (wiring, insulation, drywall, floors, bath, kitchen) and claim the tax credits for yourself! By completing the restoration of this home you will find a significant discount compared to buying a home in this neighborhood that is already restored. Owners live in the neighborhood and will verify restoration work funds prior to sale.
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Facts
  • Lot: 3,833 sqft
  • Single Family
  • Built in 1920
  • Last sold: May 2014 for $69,000
  • Price/sqft: $56
Features
  • Flooring: Hardwood, Tile
  • Lawn
  • Parking: Off street, On street
  • Porch
  • View: City
Additional Features
  • Shell restoration. Needs additional work ($75k) prior to occupancy. Owners live in neighborhood.
Room Types
  • Dining room
Construction
  • Exterior material: Wood
  • Roof type: Other
  • Room count: 4
  • # Stories: 1.0
  • Structure type: Bungalow
  • Unit count: 1
Other
  • Floor size: 1,232 sqft
  • Heating: Gas
  • Last remodel year: 2013
  • Parcel #: 110664
  • Zillow Home ID: 49973922
Home Values
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$72,129
-$814 Last 30 daysd
$64K
$79K
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$906/mo
-$17 Last 30 daysd
$788
$1.2K
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Neighborhood for 501 N Elizabeth Street

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Zillow predicts 27701 home values will decrease 0.2% next year, compared to a 1.6% rise for Durham as a whole. Among 27701 homes, this home is valued 34.5% less than the midpoint (median) home, and is valued 22.2% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 27701, the number of foreclosures waiting to be sold is 51.4% greater than in Durham, and 166.7% higher than the national average. This higher local number may prevent 27701 home values from rising as quickly as other regions in Durham.

Learn more about forecast calculations or 27701 home values.
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    Nearby Schools in Durham

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    Contact a local agent

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    About these agents
    These listing agents specialize in this area and can get you a market value for this home and answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at (855) 840-3292
    Close
    Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

    Learn how to appear as the agent above

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    Want to learn how to appear as the agent above? Contact us here or call us at (855) 840-3292

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    Contact me

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