4 months on rocket

3509 Gorman Church Rd, Durham, NC, 27704

$1,500,000

4.00 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #10046453
Lot Size4.00 Acres
StatusActive

About 3509 Gorman Church Rd

If you're looking for a great investment or commercial development tract this is it. Located next to I 85 at the Red Mill Rd. exit, the sellers are selling 4 +/- acres out of an 8.96 acre parcel (171204). There is a rental house on part of the property and that is not for sale. The 4 acres for sale is the southern 4 acres of the parcel. A survey will need to be done to separate the parcels. Water and sewer are at the intersection of Red Mill Rd. and Gorman Church Rd, less than 100 yards from the property. Additional acreage can possibly be bought just north of the house. See the map in the pictures for the shaded areas. Durham downtown is just a few miles away. RDU is less than 20 minutes and Falls Lake is less than 10 minutes.

Property Details

Property Features

Listing Office:

  • Office Name: Whitetail Properties, LLC
  • Office Phone: (704) 473-3833
  • Listing Agent: Mark Holley

Lot Features

Lot Information:

  • Lot Size: 4.00 Acres

Other

Directions Information:

  • Directions: Take the Red Mill Rd. exit off I 85 just north of Durham. Turn left on Gorman Church Rd. Property is on the left about 200 yards from the Gorman Church Rd. and Red Mill Rd. intersection.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $2,429
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$424.6K

Med. Price/SqFt

$233

Avg. Days On Market

30

# of Sold Homes

247

3509 Gorman Church Rd vs Durham

131 DAYS ON ROCKET

+101 Days

$1,500,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Durham, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10046453

Listing Office:

  • Office Name: Whitetail Properties, LLC
  • Office Phone: (704) 473-3833
  • Listing Agent: Mark Holley

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: 12/21/2024, 11:51:05 PM 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$2,429$262,491
2020$2,191$262,491
2019$2,191$262,491
2018$1,813$198,682
2017$1,793$198,682

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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NMLS#3030

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-868267
6
/10
  • Glenn Elementary School

  • 2415 E Geer St

  • 1.86 miles

  • Public District Grades KG-5

school-card-donut-868268
8
/10
  • Sandy Ridge Elementary School

  • 1417 Old Oxford Rd

  • 3.38 miles

  • Public Magnet Grades PK-5

school-card-donut-868269
7
/10
  • Merrick-Moore Elementary School

  • 2325 Cheek Rd

  • 3.56 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,992. Residents of Durham, NC typically earn between $35k-100k each year. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

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 3509 Gorman Church Rd

What is the listing price of this property?

The listing price of 3509 Gorman Church Rd property is $1,500,000.

What type of property is this?

The property 3509 Gorman Church Rd is land located in Durham, North Carolina, 27704.

Is this property for sale now?

Active Listing: 3509 Gorman Church Rd 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 $2,429 (source: MLS/based on county public records data).

How much acreage is this property?

The property 3509 Gorman Church Rd is 4.00 acres.
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Rocket HomesNorth CarolinaDurham CountyDurham277043509 Gorman Church Rd

This home is located at 3509 Gorman Church Rd in Durham, NC and zip code 27704. This home sits on a 4.00 acre lot. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $1,500,000.

Over 63 listings were sold over their listed price in November 2024 in Durham, NC. In the same period over 126 listings were sold below the listed price and 58 listings were sold for the listed price. The number of listings in Durham, NC decreased by 6.8% between October 2024 and November 2024. The median list price of listings available in November 2024 was $424,671, while the average time on the real estate market was 30 days.

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

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