2 months on rocket

306 N Driver St, Durham, NC, 27703

$320,000

Home List Price

$3,800*

Closing Credit

5 Bedrooms
2 Full Baths
1,431 SqFt
$224/SqFt
House

Location

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306 N Driver St, Durham$320,000

Buyer Closing Credits

$3,800*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Year Built1900
HeatingElectric, Floor Furnace, Natural Gas, Space Heater(s)
CoolingCentral Air, Window Unit(s)
BasementYes
MLS #10051987
Lot Size0.32 Acres
StatusActive

About 306 N Driver St

This old historic home has been converted into a rooming house. The manager lives in the property. Three large bedrooms rooms each rent for $160/week ($640/month) and the two smaller bedrooms each rent for $135/week ($540/month) for a total of $3,000/month. A feasibility study (see attachments) was completed showing the additional units that can be built in the enormous backyard. Recently passed SCAD (SEE ATTACHED) (Simplifying Codes for Affordable Development) will allow for higher density development with less hurdles to jump through (effective 1/1/2024). This property has so much potential!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1900
  • Living Area: 1,431 SqFt

Listing Office:

  • Office Name: Keller Williams Elite Realty
  • Office Phone: (984) 244-5830
  • Listing Agent: Aaron Moon

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Electric, Floor Furnace, Natural Gas, Space Heater(s)
  • Cooling: Central Air, Window Unit(s)

Other

Directions Information:

  • Directions: From downtown Durham take E Main street east. Right onto Driver St. Home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $320,000
  • Price Per SqFt: $224/SqFt

Tax Information:

  • Annual Amount: $1,093
  • 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

306 N Driver St vs Durham

62 DAYS ON ROCKET

+27 Days

$320,000

-$104.7K Less

$224/SqFt

-$10 Less

KEY TAKEAWAY

This property is $104.7K less than the Median Sold Price and $10/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: #10051987

Listing Office:

  • Office Name: Keller Williams Elite Realty
  • Office Phone: (984) 244-5830
  • Listing Agent: Aaron Moon

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: 11/12/2024, 11:51:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 18, 2009Home Sold
$17,000
Jan 28, 2009Home Sold
$12,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,093$85,770
2020$1,066$85,770
2019$1,066$85,770
2018$852$62,781
2017$845$62,781

History based on county public records data.

Payment Calculator

$1,665

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,026

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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-312635
4
/10

  • Y.E. Smith Elementary School

  • 2410 E Main St

  • 0.32 miles

  • Public District Grades PK-5

school-card-donut-312636
6
/10

  • Eastway Elementary School

  • 610 N Alston Ave

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-312637
7
/10

  • Burton Elementary School

  • 1500 Mathison St

  • 0.83 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 $20,050. The most common annual income of people living in Durham, NC is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 306 N Driver St

What is the listing price of this property?

The listing price of 306 N Driver St property is $320,000.

What type of property is this?

The property 306 N Driver St is a house located in Durham, North Carolina, 27703.

Is this property for sale now?

Active Listing: 306 N Driver 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 $1,093 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 18, 2009 for $17,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 306 N Driver St has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 306 N Driver St is 1,431 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 306 N Driver St is 1900.

Rocket Homes›North Carolina›Durham County›Durham›27703›306 N Driver St

This home is located at 306 N Driver St in Durham, NC and zip code 27703 in the Old East Durham neighborhood. This 1,431 square foot home, which was built in 1900, sits on a 0.32 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $320,000.

In October 2024, from all listings sold in Durham, NC there were more than 50 sold above asking price, over 125 sold below and more than 61 were sold right at the asked price. The inventory of homes for sale in Durham, NC between September 2024 and October 2024 increased by 2.8%. In October 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $424,728.

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

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