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1015 Minerva Ave, Durham, NC, 27701

$2,300,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths, 2 Partial
4,667 SqFt
$493/SqFt
House

Location

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1015 Minerva Ave, Durham$2,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Parking, Alley Access, Asphalt, Driveway, Garage, Garage Faces Front, Lighted, Off Street, On Street, Paved, Workshop in Garage
Garage2 spaces
Year Built1925
HeatingCentral, Hot Water, Natural Gas, Steam
CoolingCentral Air, Electric, ENERGY STAR Qualified Equipment, Multi Unit(s), Zoned
BasementYes
MLS #10059080
Lot Size0.69 Acres
StatusActive

About 1015 Minerva Ave

Nestled on a uniquely large quadruple lot along a serene, tree-lined street in the heart of Trinity Park, this home embodies timeless elegance and historic charm. Constructed in 1925 with extraordinary craftsmanship, it has been meticulously maintained and thoughtfully updated by its current owner, making it one of the most significant properties in decades to be offered for sale Durham's historic and walkable neighborhoods. Inside, the home's grand dining room, spacious living area, and expansive front porch reveal a legacy and future of large gatherings. Inviting bedrooms with generous closets and beautifully updated bathrooms offer a peaceful retreat amid the vibrant surroundings of Durham and Duke University. This Renaissance Revival masterpiece was originally commissioned by Benjamin Kronheimer, one of Durham's ''Merchant Princes,'' who sought out celebrated architect Nelson G. Murray—the same visionary behind Duke University's Hart House—to design a residence of unparalleled quality. Murray delivered on every detail, using the finest materials and sparing no expense to ensure lasting grandeur. The 4,667-square-foot estate known as ''Rose Villa'' spans a lush 0.69-acre lot and includes a detached garage and workshop, ample for any creative endeavor. The kitchen is a dream for serious cooks, featuring bar-top seating, a breakfast nook, a butler's pantry, and abundant storage. The home's original trim, doors, and hardware have been preserved, while modern comforts seamlessly blend in: five large bedrooms, four full baths (three recently updated), two half baths, and two functional fireplaces. Outside, the manicured landscaping is replete with native varietals. Located just a block from Duke's East Campus and within walking distance to Whole Foods, Brightleaf, and many of Durham's best offerings, this property combines the essence of history with the energy of a walkable lifestyle. The owners have, during their 30 year ownership, been exceptional stewards of this architectural masterpiece. All flat roofs have recently been re-surfaced with modern rubber membrane roofing. Even more impressively, every single terra cotta roof tile was removed, and new waterproof membrane installed. The tiles were carefully inspected, and any cracked ones were replaced before re-installation of the roof surface, ensuring it's reliability for at least another 50 years. The home is heated by a boiler & radiators, which are reliable and add a nice consistent warmth to the home. The highly efficient Boiler is less than 2 years old. Central air conditioning is provided by 3 forced air units, all less than 10 years old. The ductwork is well-fabricated from sheet metal and insulated. The original electrical system was commercial BX shielded cable (not the more common knob & tube). There is a modern main panel & sub panels feeding updated Romex cable in kitchen & bathrooms and for HVAC circuits. An electrician with 30+ years experience evaluated and said the main house system is safe and reliable as-is. All in all, this is an extraordinary opportunity for a discerning buyer to own a crown jewel of Durham history, in move-in ready condition.

Property Details

Property Features

Property Information:

  • Architectural Style: Local Historic Designation, Traditional
  • Year Built: 1925
  • Living Area: 4,667 SqFt

Listing Office:

  • Office Name: Nest Realty of the Triangle
  • Office Phone: (919) 493-8383
  • Listing Agent: Adam J Dickinson

Interior Features

Interior Information:

  • Appliances: Convection Oven, Cooktop, Dishwasher, Down Draft, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer/Dryer Stacked, Water Heater
  • Basement: Yes
  • Flooring Type: Carpet, Clay, Hardwood, Stone, Tile, Wood
  • Interior: Bathtub/Shower Combination, Bookcases, Built-in Features, Butler's Pantry, Chandelier, Crown Molding, Dual Closets, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Pantry, Recessed Lighting, Second Primary Bedroom, Separate Shower, Smooth Ceilings, Stone Counters, Storage, Walk-In Shower, WaterSense Fixture(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Back Fence, Wood Fence, Porch Front, Patio, Porch Side, Terrace, Garden, Private Yard, Gutters, Storage

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Additional Parking, Alley Access, Asphalt, Driveway, Garage, Garage Faces Front, Lighted, Off Street, On Street, Paved, Workshop in Garage

Virtual/3D Tour

  • 3D Tour: 1015 Minerva Ave
3D Tour

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Garden, Trees, Landscaped, Level, Many Trees, Near Public Transit, Private, Rectangular Lot
  • Lot Size: 0.69 Acres

Utilities

Utilities Information:

  • Heating: Central, Hot Water, Natural Gas, Steam
  • Cooling: Central Air, Electric, ENERGY STAR Qualified Equipment, Multi Unit(s), Zoned

Other

Directions Information:

  • Directions: On Minerva Avenue between Watts St and N Gregson St

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000
  • Price Per SqFt: $493/SqFt

Tax Information:

  • Annual Amount: $12,795
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Durham, NC.

Med. Sold Price

$424.7K

Med. Price/SqFt

$233

Avg. Days On Market

35

# of Sold Homes

236

1015 Minerva Ave vs Durham

33 DAYS ON ROCKET

-2 Days

$2,300,000

+$1.8M More

$493/SqFt

+$259 More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $259/SqFt more than other homes in Durham, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10059080

Listing Office:

  • Office Name: Nest Realty of the Triangle
  • Office Phone: (919) 493-8383
  • Listing Agent: Adam J Dickinson

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. 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.

Properties subject to prior sale, change, withdrawal or rental. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 9:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$12,795$1,004,407
2020$12,493$1,004,407
2019$12,493$1,004,407
2018$15,123$1,114,848
2017$15,011$1,114,848

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-246606
7
/10
  • George Watts Elementary School

  • 700 Watts St

  • 0.28 miles

  • Public Magnet Grades PK-5

school-card-donut-246607
5
/10
  • E.K. Powe Elementary School

  • 913 9th St

  • 0.94 miles

  • Public District Grades KG-5

school-card-donut-246608
5
/10
  • Morehead Montessori

  • 909 Cobb St

  • 1.08 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,068. Residents of Durham, NC typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1015 Minerva Ave

What is the listing price of this property?

The listing price of 1015 Minerva Ave property is $2,300,000.

What type of property is this?

The property 1015 Minerva Ave is a house located in Durham, North Carolina, 27701.

Is this property for sale now?

Active Listing: 1015 Minerva Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,795 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1015 Minerva Ave has 5 bedrooms and 4 full and 2 half bathrooms.

What is the square footage of this property?

The property 1015 Minerva Ave is 4,667 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1015 Minerva Ave is 1925.

Rocket HomesNorth CarolinaDurham CountyDurham277011015 Minerva Ave

This home is located at 1015 Minerva Ave in Durham, NC and zip code 27701 in the Trinity Park neighborhood. This 4,667 square foot home, which was built in 1925, sits on a 0.69 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $2,300,000.

Over 50 listings were sold over their listed price in October 2024 in Durham, NC. In the same period over 125 listings were sold below the listed price and 61 listings were sold for the listed price. The inventory of homes for sale in Durham, NC between September 2024 and October 2024 increased by 2.8%. While the average time on the market in October 2024 was 35 days, the median list price was $424,728.

From Rocket Homes Real Estate and based on county public records data.

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