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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Durham, NC.
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, 6:20:55 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
YEAR
PROP. TAX
ASSESSMENT
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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,554
Per Month
Principal & Interest
$7,487
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,564
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Glenn Elementary School
2415 E Geer St
Distance between this listing and this school1.86 miles
Public District Grades KG-5
8
/10
Sandy Ridge Elementary School
1417 Old Oxford Rd
Distance between this listing and this school3.38 miles
Public Magnet Grades PK-5
7
/10
Merrick-Moore Elementary School
2325 Cheek Rd
Distance between this listing and this school3.56 miles
Public District Grades KG-5
Nearby Schools
6
/10
Reaching All Minds Academy
2703 Holloway St
Distance between this listing and this school4.50 miles
Public Charter Grades KG-8
6
/10
Little River K-8 School
2315 Snow Hill Rd
Distance between this listing and this school4.60 miles
Public District Grades KG-8
3
/10
Excelsior Classical Academy
4100 N Roxboro St
Distance between this listing and this school4.90 miles
Public Charter Grades KG-9
Nearby Schools
4
/10
The School for Creative Studies
5001 Red Mill Rd
Distance between this listing and this school1.87 miles
Public Magnet Grades 6-12
2
/10
Southern School of Energy and Sustainability
800 Clayton Rd
Distance between this listing and this school3.33 miles
Public Magnet Grades 9-12
2
/10
Lakeview School
3507 Dearborn Dr
Distance between this listing and this school3.72 miles
The neighbors living near this home have an average income of $42,992. Typical income of Durham, NC residents is between $35k-100k annually. The majority of families are married, no kids. 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 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.
Interested in 3509 Gorman Church Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
Durham, NC housing market in October 2024 saw over 50 listings sold above listed price, more than 61 sold at listed price and over 125 sold below. The number of listings in Durham, NC increased by 2.8% between September 2024 and October 2024. 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.
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. 
NASCAR
NASCAR
Hunting
Figure Skating
Bass Pro Shops
Academy Sports & Outdoors
Wal-Mart
Hardee's
Jimmy Johns
Applebees
GMC
Chevrolet
Ram
Classic Country
New Country
Oldies