new - 3 days on rocket

488 Colvard Farms Rd, Durham, NC, 27713

$3,425,000

4 Bedrooms
4 Full Baths, 1 Partial
5,464 SqFt
$627/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached Garage2 spaces
Year Built2006
HeatingElectric, Propane
CoolingCeiling Fan(s), Central Air, Multi Unit(s), Other
BasementYes
FireplaceFamily Room, Living Room
MLS #10059218
Lot Size4.00 Acres
StatusActive

About 488 Colvard Farms Rd

Beautiful Colvard Farm's Home that Compliments its Gated 4 acre Homesite. 488 Colvard Farms Road is a very private 4-acre wooded estate that combines its transitional architecture with modern comforts. This comfortable haven is part of the gated community of Colvard Farms Estates, offering both privacy and exclusivity. This home boasts nearly 5500 square feet of living space with an additional unfinished 1390 square feet that can yield a 2nd Floor Owners Suite and a large temperature-controlled basement workshop or storage area. The home features 4 spacious bedrooms (including a first floor owners suite), 4 full baths, and 1 half bath. Recent upgrades include restored black walnut hardwoods, a new roof with warranty, two new high-efficiency TRANE heating/cooling units, along with a finished basement. The expansive lower level is flooded with natural light and has new high-end LVP flooring along with a home theater room. Additionally, a new full bath and bedroom makes it perfect for an in-law suite or guest accommodations. The home overlooks a beautiful pond providing serene views from all three levels. Although it feels like a secluded home, it's conveniently located just 2 miles from Southpoint Mall, I-40 and only 15 minutes from RDU Airport. The Colvard Farms community offers a variety of amenities, including over 2 miles of picturesque walking trails, a pool, a clubhouse with playground and newly updated tennis and pickleball courts. This property is a perfect blend of seclusion and convenience, offering a peaceful retreat with easy access to urban amenities. The 4 acre lot, with a move-in ready home, is the largest in Colvard's history. Don't miss this rare opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Farm House, Transitional
  • Year Built: 2006
  • Living Area: 5,464 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeService
  • Office Phone: (919) 383-4663
  • Listing Agent: John Glenn Riester

Interior Features

Interior Information:

  • Appliances: Dishwasher, Double Oven, Gas Cooktop, Microwave, Self Cleaning Oven, Stainless Steel Appliance(s), Water Softener
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood
  • Interior: Bathtub Only, Bookcases, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Room Over Garage, Separate Shower, Soaking Tub, Sound System, Track Lighting, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Wet Bar, Whirlpool Tub, See Remarks
  • Fireplace: Family Room, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Garage

Lot Features

Lot Information:

  • Lot: Landscaped, Cleared, Pasture, Pond On Lot, Secluded
  • Lot Size: 4.00 Acres

Utilities

Utilities Information:

  • Heating: Electric, Propane
  • Cooling: Ceiling Fan(s), Central Air, Multi Unit(s), Other

School Info

Assigned Schools Information:

  • C E Jordan High School, Public District Grades 9-12
  • Hillside New Tech High School, Public District Grades 9-12
  • J D Clement Early College High School, Public District Grades 9-12
  • Sherwood Githens Middle School, Public District Grades 6-8
  • Rogers-Herr Middle School, Public District Grades 6-8
  • Creekside Elementary School, Public District Grades KG-5
  • Pearsontown Elementary School, Public District Grades PK-5
  • R N Harris Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: FROM DT DURHAM: N Mangum St to Durham Fwy/Morehead Ave/S Srv Rd E. Left onto NC-147S/Durham ramp toward Airport/Raleigh. Continue 147S and merge onto I-885. Take Exit 5B for I-40 W toward Chapel Hill. I-40W to Exit 274 for NC-751 toward Jordan Lake. Right onto Colvard Farms Rd. Right on Colvard Estates Dr. Home is on the Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,425,000
  • Price Per SqFt: $627/SqFt

Tax Information:

  • Annual Amount: $10,254
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$425K

Med. Price/SqFt

$233

Avg. Days On Market

32

# of Sold Homes

260

488 Colvard Farms Rd vs Durham

3 DAYS ON ROCKET

-29 Days

$3,425,000

+$3.0M More

$627/SqFt

+$394 More

KEY TAKEAWAY

This property is $3.0M more than the Median Sold Price and $394/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: #10059218

Listing Office:

  • Office Name: Berkshire Hathaway HomeService
  • Office Phone: (919) 383-4663
  • Listing Agent: John Glenn Riester

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: 10/23/2024, 1:20:56 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

Apr 08, 2005Home Sold
$127,500

Tax History

YEARPROP. TAXASSESSMENT
2021$10,254$1,144,923
2020$9,813$1,144,923
2019$9,783$1,154,895
2018$9,604$1,040,487
2017$9,292$1,040,487

History based on county public records data.

Payment Calculator

$17.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.3K

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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.

Elementary School

school-card-donut-959956
5
/10
  • Creekside Elementary School

  • 5321 Ephesus Church Rd

  • 4.60 miles

  • Public District Grades KG-5

school-card-donut-959957
9
/10
  • Pearsontown Elementary School

  • 4915 Barbee Rd

  • 5.19 miles

  • Public District Grades PK-5

school-card-donut-959958
9
/10
  • R N Harris Elementary School

  • 1520 Cooper St

  • 8.22 miles

  • Public District Grades PK-5

Middle School

school-card-donut-959959
7
/10
  • Sherwood Githens Middle School

  • 4800 Chapel Hill Rd

  • 5.44 miles

  • Public District Grades 6-8

school-card-donut-959960
8
/10
  • Rogers-Herr Middle School

  • 911 W Cornwallis Rd

  • 7.31 miles

  • Public District Grades 6-8

High School

school-card-donut-959961
4
/10
  • C E Jordan High School

  • 6806 Garrett Rd

  • 3.81 miles

  • Public District Grades 9-12

school-card-donut-959962
8
/10
  • Hillside New Tech High School

  • 3727 Fayetteville St

  • 6.59 miles

  • Public District Grades 9-12

school-card-donut-959963
10
/10
  • J D Clement Early College High School

  • 1801 Fayetteville St

  • 8.06 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $132,360. Typical income of Durham, NC residents is between $100k-200k annually. The majority of families are married, with kids. Most residents in this area 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.

Types of housing 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.

What is it like to live in Durham, NC?

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.

Is it easy to get around Durham, NC without a car?

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.

Transportation in Durham, NC.

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 488 Colvard Farms Rd

What is the listing price of this property?

The listing price of 488 Colvard Farms Rd property is $3,425,000.

What type of property is this?

The property 488 Colvard Farms Rd is a house located in Durham, North Carolina, 27713.

Is this property for sale now?

Active Listing: 488 Colvard Farms Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 488 Colvard Farms Rd are:
Creekside Elementary School: GreatSchools Rating 5/10
Pearsontown Elementary School: GreatSchools Rating 9/10
R N Harris Elementary School: GreatSchools Rating 9/10
Sherwood Githens Middle School: GreatSchools Rating 7/10
Rogers-Herr Middle School: GreatSchools Rating 8/10
C E Jordan High School: GreatSchools Rating 4/10
Hillside New Tech High School: GreatSchools Rating 8/10
J D Clement Early College High School: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,254 (source: MLS/based on county public records data).

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

The last sale was on April 8, 2005 for $127,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 488 Colvard Farms Rd has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 488 Colvard Farms Rd is 5,464 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 488 Colvard Farms Rd is 2006.
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Rocket Homes›North Carolina›Durham County›Durham›27713›488 Colvard Farms Rd

This home is located at 488 Colvard Farms Rd in Durham, NC and zip code 27713. This 5,464 square foot home, which was built in 2006, sits on a 4.00 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $3,425,000.

Durham, NC housing market in September 2024 saw over 60 listings sold above listed price, more than 68 sold at listed price and over 132 sold below. The number of homes for sale in Durham, NC decreased by 0.3% between August 2024 and September 2024. Listings spent 32 days on the market in September 2024, and had a median list price of $425,000 during the same period.

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

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