2 months on rocket

116 Nelson St, Durham, NC, 27707

$550,000

Home List Price

$6,531*

Closing Credit

4 Bedrooms
3 Full Baths
2,988 SqFt
$184/SqFt
House

Location

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116 Nelson St, Durham$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1954
HeatingElectric
CoolingCentral Air
BasementYes
MLS #10048607
Lot Size0.18 Acres
StatusActive

About 116 Nelson St

Experience the pinnacle of craftsmanship in this meticulously rehabilitated Durham gem! This 4-bedroom, 3-bathroom home, spanning 2,989 square feet, has been completely reimagined with unparalleled attention to detail. Every aspect of the redesign showcases the seller's expertise, from the brand-new roof, HVAC system, and windows, to the fully finished basement, which adds two additional bedrooms and a bathroom. The basement offers versatile space, perfect for game rooms, private offices, or even a potential in-law suite with private access.Step inside to discover an unbelievable primary bath, luxurious finishes, and outstanding storage throughout. The home is bathed in natural light, creating an inviting atmosphere in every room. Enjoy the convenience of a parking pad in the rear, and unwind in the charming three-seasons porch/sunroom. This home truly has it all—don't miss out on this exceptional opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1954
  • Living Area: 2,988 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 584-9831
  • Listing Agent: Sharon Evans, James Duerr

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Concrete, Hardwood, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Durham Freeway (147) to Fayetteville Rd exit towards NCCU. RIGHT on Formosa Ave. Slight LEFT on Otis St. RIGHT on Nelson St. Property on the LEFT.

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $184/SqFt

Tax Information:

  • Annual Amount: $1,459
  • Tax Year: 2021
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Housing Market Comparison

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

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Durham, NC

City

Med. Sold Price

$424.7K

Med. Price/SqFt

$233

Avg. Days On Market

35

# of Sold Homes

236

116 Nelson St vs Durham

86 DAYS ON ROCKET

+51 Days

$550,000

+$125.2K More

$184/SqFt

-$50 Less

KEY TAKEAWAY

This property is $125.2K more than the Median Sold Price and $50/SqFt less 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: #10048607

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 584-9831
  • Listing Agent: Sharon Evans, James Duerr

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: 11/18/2024, 6:20:54 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$1,459$173,498
2020$1,424$173,498
2019$1,424$173,498
2018$1,627$119,939
2017$1,615$119,939

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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-658097
2
/10

  • C.C. Spaulding Elementary School

  • 1531 S Roxboro St

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-658098
5
/10

  • Fayetteville Street Elementary School

  • 2905 Fayetteville St

  • 0.66 miles

  • Public District Grades PK-5

school-card-donut-658099
5
/10

  • W.G. Pearson Elementary School

  • 3501 Fayetteville St

  • 1.09 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,579. Residents of Durham, NC typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Durham, NC

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Durham, NC?

Durham's housing market is diverse, offering a range of options from historic bungalows to contemporary condominiums. Single-family homes are prevalent, making up a significant portion of the housing stock, with a mix of older, charming homes and newer constructions. Apartments and townhouses are also available, providing alternatives for those seeking a more urban living experience. The architectural styles in Durham are varied, with a blend of classic colonial, ranch-style, and modernist influences throughout the city.

Is Durham, NC a good place to live?

Durham is celebrated for its vibrant arts scene and entrepreneurial spirit. The community prides itself on a rich cultural heritage that is evident in its numerous festivals, live music venues, and the renowned American Dance Festival. The city's character is further defined by its commitment to innovation, with a bustling downtown that reflects a blend of historic preservation and modern development.

Are things conveniently located in Durham, NC?

The community is served by a robust educational system, including a number of public and private schools, as well as prestigious higher education institutions like Duke University and North Carolina Central University. Healthcare is well-represented with several hospitals offering a range of services from emergency care to specialized treatments. Durham also features a network of public libraries and a variety of shopping and dining options that showcase the local flavors and craftsmanship.

What does the transportation in Durham, NC look like?

Durham's transportation infrastructure supports both private and public transit options. The city has a comprehensive bus system that connects various neighborhoods and key points of interest. The area is also bike-friendly, with dedicated lanes and trails for cyclists. Major highways and thoroughfares such as Interstate 85 and Highway 70 facilitate easy commuting and travel to and from the city. Efforts are continually made to enhance the efficiency and accessibility of the city's transportation network.

Frequently Asked Questions About 116 Nelson St

What is the listing price of this property?

The listing price of 116 Nelson St property is $550,000.

What type of property is this?

The property 116 Nelson St is a house located in Durham, North Carolina, 27707.

Is this property for sale now?

Active Listing: 116 Nelson St 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 $1,459 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 116 Nelson St has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 116 Nelson St is 2,988 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 116 Nelson St is 1954.

Rocket Homes›North Carolina›Durham County›Durham›27707›116 Nelson St

This home is located at 116 Nelson St in Durham, NC and zip code 27707. This 2,988 square foot home, which was built in 1954, sits on a 0.18 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $550,000.

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 number of listings in Durham, NC increased by 2.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $424,728, while the average time on the real estate market was 35 days.

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

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