20 days on rocket

506 Gray Ave, Durham, NC, 27701

$979,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
2,614 SqFt
$375/SqFt
House

Location

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506 Gray Ave, Durham$979,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Concrete, Covered, Driveway, Garage, Garage Door Opener, Garage Faces Front, Inside Entrance, Off Street, On Street, Parking Pad, Private
Attached Garage1 space
Year BuiltNew Const., 2024
HeatingCentral, Forced Air, Natural Gas
CoolingCeiling Fan(s), Central Air, Dual, Electric, ENERGY STAR Qualified Equipment, Other
FireplaceFamily Room, Masonry, Wood Burning
ViewCity, Downtown
MLS #10056177
Lot Size0.16 Acres
StatusActive

About 506 Gray Ave

URBAN SOPHISTICATION Meets DOWNTOWN COOL! Timeless Finishes & Thoughtful Builder Upgrades Really Punch Up This Impeccable Property And Are Sure To Surprise & Delight You At Every Turn. The Floorplan Gives New Meaning To The Phrase ''Great Flow''. Solidly Built, This Spacious Home Offers THRILLING Legacy Quality Finishes Including 10 Foot Ceilings on the 1st Floor and 9 Foot Ceilings on the 2nd Floor, Built-in Bookcases & Gleaming, Site Finished Hardwood Flooring On Both Floors, And That Extremely Hard to Find ''Garage, Downtown'' Puts The Cherry On Top! Abundant Natural Daylight Pours Thru the Pella Windows, Highlighting the Standout Stainless Bosch Appliances, Custom KraftMaid, Shaker Style Cabinetry & Smooth As Silk Quartz Countertops, A Stainless Farm-House Sink with Kohler Fixtures, And A Walk-in Pantry Create A Kitchen Worthy Of A Magazine Cover! Entertain A Crowd In The Dining Room With The Adjacent Wet Bar, Beverage Cooler & 2nd Sink, Or Gather Around The Masonry Wood Burning Fireplace In The Family Room, Flanked By Built-in Bookcases, with Hidden Pre-Wires & Built In Audio For Your Streaming ''Must-Haves''. The Serene & Restful 1st Floor Primary Suite Also Provides 2 Nicely Finished Walk-In Closets Offering Ample Storage Options & Solutions, PLUS A Sparkling, White Marble, Primary Bathroom Featuring A Double Width Shower with Frameless Glass Enclosure & Built-in Seating, Dual Vanities, Linen Closet, and a Deep Tub Invite You To Luxuriously Soak Away ALL Your Cares. Take The Extra Wide, Open Staircase To The 2nd Floor Where You Will Find A Wonderful & FLEXIBLE, Light Filled Loft Space, Complete With Built-in Bookcases & Hidden Pre-Wires. 3 Additional, Good-Sized, Secondary Bedrooms, 2 More Bathrooms (1 En-Suite, 1 Jack & Jill), & A Laundry Area Designed To Be Big Enough For Side By Side Appliances, And Yes, A Second Linen Closet Thoughtfully Located Nearby! The Screened-In Porch Overlooks A ''Just The Right Size'' Totally Fenced, Rear Yard With Bermuda Sod, PLUS A Hardscaped Patio & Built-In Firepit Setting The Tone to Entertain Family & Friends Outside, As Well. Very Well Indeed. This Gray Avenue, Site-Built Home With Attached Garage Is Centrally Located on a Desirable Kid, Bike, & Pooch Friendly, Side-Street In Durham's Diverse, Historic Area. Smartly Tucked Away Just Several Blocks North of the Historic Cleveland Holloway N'hood & Just A Few Blocks South of the Historic Old North Durham N'hood & Right Off Elizabeth Street, Gray Avenue Is A Very Convenient & Quiet, Low Traffic Side-Street With Off The Charts Walkability & Bikeability Scores!

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman, Traditional, Transitional
  • Year Built: 2024
  • Living Area: 2,614 SqFt

Listing Office:

  • Office Name: Tim Hock Properties
  • Office Phone: (919) 801-5151
  • Listing Agent: Tim Hock

Interior Features

Interior Information:

  • Appliances: Bar Fridge, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Gas Range, Refrigerator, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Stainless Steel Appliance(s), Tankless Water Heater, Vented Exhaust Fan, Wine Cooler
  • Basement: No
  • Flooring Type: Hardwood, Marble, Other
  • Interior: Bathtub/Shower Combination, Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), Crown Molding, Double Vanity, Dual Closets, Eat-in Kitchen, High Ceilings, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Pantry, Primary Downstairs, Quartz Counters, Recessed Lighting, Second Primary Bedroom, Separate Shower, Shower Only, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar, Wired for Data, Wired for Sound, See Remarks
  • Fireplace: Family Room, Masonry, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City, Downtown
  • Exterior: Back Fence, Fence, Wood Fence, Porch Front, Porch, Screened Porch, Fire Pit, Private Yard, Gutters

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached, Concrete, Covered, Driveway, Garage, Garage Door Opener, Garage Faces Front, Inside Entrance, Off Street, On Street, Parking Pad, Private

Lot Features

Lot Information:

  • Lot: Back Yard, City Lot, Front Yard, Gentle Sloping, Landscaped, Rectangular Lot
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Dual, Electric, ENERGY STAR Qualified Equipment, Other

School Info

Assigned Schools Information:

  • J D Clement Early College High School, Public District Grades 9-12
  • City of Medicine Academy, Public District Grades 9-12
  • Hillside New Tech High School, Public District Grades 9-12
  • Lucas Middle School, Public District Grades 6-8
  • Eastway Elementary School, Public District Grades PK-5
  • R N Harris Elementary School, Public District Grades PK-5
  • Holt Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Elizabeth Street To Gray Avenue Or Roxboro To Gray Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $979,000
  • Price Per SqFt: $375/SqFt

Tax Information:

  • Annual Amount: $1,867
  • 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

$425K

Med. Price/SqFt

$233

Avg. Days On Market

32

# of Sold Homes

260

506 Gray Ave vs Durham

20 DAYS ON ROCKET

-12 Days

$979,000

+$554K More

$375/SqFt

+$142 More

KEY TAKEAWAY

This property is $554K more than the Median Sold Price and $142/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: #10056177

Listing Office:

  • Office Name: Tim Hock Properties
  • Office Phone: (919) 801-5151
  • Listing Agent: Tim Hock

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

Tax History

YEARPROP. TAXASSESSMENT
2021$1,867$146,538
2020$1,822$146,538
2019$1,822$146,538
2018$1,403$103,459
2017$1,393$103,459

History based on county public records data.

Payment Calculator

$4,954

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,002

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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-965422
6
/10

  • Eastway Elementary School

  • 610 N Alston Ave

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-965423
9
/10

  • R N Harris Elementary School

  • 1520 Cooper St

  • 1.94 miles

  • Public District Grades PK-5

school-card-donut-965424
6
/10

  • Holt Elementary School

  • 4019 Holt School Rd

  • 4.09 miles

  • Public District Grades PK-5

Middle School

school-card-donut-965425
5
/10

  • Lucas Middle School

  • 923 Snow Hill Rd

  • 7.61 miles

  • Public District Grades 6-8

High School

school-card-donut-965426
10
/10

  • J D Clement Early College High School

  • 1801 Fayetteville St

  • 1.74 miles

  • Public District Grades 9-12

school-card-donut-965427
8
/10

  • City of Medicine Academy

  • 301 Crutchfield St

  • 2.80 miles

  • Public District Grades 9-12

school-card-donut-965428
8
/10

  • Hillside New Tech High School

  • 3727 Fayetteville St

  • 3.22 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,566. Residents of Durham, NC typically earn less than $35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 506 Gray Ave

What is the listing price of this property?

The listing price of 506 Gray Ave property is $979,000.

What type of property is this?

The property 506 Gray Ave is a house located in Durham, North Carolina, 27701.

Is this property for sale now?

Active Listing: 506 Gray Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 506 Gray Ave are:
Eastway Elementary School: GreatSchools Rating 6/10
R N Harris Elementary School: GreatSchools Rating 9/10
Holt Elementary School: GreatSchools Rating 6/10
Lucas Middle School: GreatSchools Rating 5/10
J D Clement Early College High School: GreatSchools Rating 10/10
City of Medicine Academy: GreatSchools Rating 8/10
Hillside New Tech High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,867 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 506 Gray Ave has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 506 Gray Ave is 2,614 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 506 Gray Ave is 2024.

Rocket Homes›North Carolina›Durham County›Durham›27701›506 Gray Ave

This home is located at 506 Gray Ave in Durham, NC and zip code 27701 in the Cleveland-Holloway neighborhood. This 2,614 square foot home, which was built in 2024, sits on a 0.16 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $979,000.

While more than 60 listings in Durham, NC in September 2024 were sold above asking price, there were more than 68 listings sold at asking price, and more than 132 were sold below. The inventory of homes for sale in Durham, NC between August 2024 and September 2024 decreased by 0.3%. In September 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $425,000.

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

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