Located in Durham's Historic District, this timeless property offers a unique blend of charm and opportunity. Originally built as a single-family home, the property was later converted into a two-family residence but can easily be restored to its original layout. The house is brimming with character, featuring large windows that flood the space with natural light, beautiful hardwood floors, spacious bedrooms, sun porches, and convenient washer/dryer hookups in both units. The basement provides ample storage, supplemented by additional outdoor-accessible storage spaces. The fenced, cleared and level yard is an outdoor retreat, complete with a fireplace, stone fountain water feature and plenty of room to relax or entertain. The inviting front porches offer another perfect spot to unwind and enjoy the Main Street's charm. Adjacent to the property is a separate, approved building lot of just under an acre, per a 2016 survey. Utilities are almost ready to go, with water already brought to the lot and gas available at the street. Perc test details for the septic are included in attachments. This lot can be sold with the house for a combined acreage of 1. 55 and price of 555k (as listed) or separately-refer to MLS#24064747 for the exclusive land listing. This beloved home has been in the same family for nearly 100 years, showcasing a rich history and authentic character. Its prime location offers easy access to local landmarks like the Durham Fair, Powder Ridge, and Lyman Orchards
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $444,000 | $444,000 | $444,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $722 | $722 | $722 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,991 | $2,951 | $3,744 |
Total Monthly Payment | $3,805 | $3,765 | $4,558 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.