522 Farm House Ln Durham, NC 27703

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4 beds · 2 baths · 2,605 sq ft · Lot Size: 8,712 sq ft · Single Family Home
Est. Property Value: $346,069
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522 Farm House Ln is in the 27703 neighborhood of Durham, NC. It is located in Durham County and ZIP code 27703. This Single Family Home was built in 2007 and is approximately 18 years old. The single family home spans 2605 sq ft with 4 bedrooms and 2 bathrooms and sits on a 8712 sq ft lot. According to public records, it was last sold in 2017 for $227,000 and has a tax-assessed value of $237,605, which is $133 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 522 Farm House Ln Durham, NC 27703 with Property Intel by Whitepages.

522 Farm House Ln

Durham, NC 27703

Owner Info

Owners & Occupancy for 522 Farm House Ln

This property is owned by Shannon Alexis Smith. Owner contact information includes 8 phone numbers and 4 email addresses.

Property Owners

Cell Phone(828) ***-****View Cell Phone
Residence**********
Landline(303) 329-0483
Distance from Property**********
Email Address*********@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************** age 51
Resident 2******************** age 35

Property Financials for 522 Farm House Ln

522 Farm House Ln, Durham, NC has a mortgage from Usaa Fsb (orig. October 29, 2020). The Durham county assessment for 2024 values it at $237,605, with annual taxes of $2,687.

Mortgage & Equity Information

Loan Amount$******
LenderUsaa Fsb
Origination DateOctober 29, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateJuly 13, 2017
Property Tax Amount$2,687 in 2024
Purchase Price$227,000
Assessed Value$237,605 on 2024

Investment Potential for 522 Farm House Ln

The property has a current estimated value of $346,069, which is 15% below the zip median, based on public records. It last sold on July 13, 2017 for $227K. Projected long-term
is $30,600 annually ($2,550 per month) with a 94% occupancy rate.

Discover more Single Family Homes in 27703.

Long-Term

Gross Rental
$30,600 per year($2,550 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 27703 zip code
 
View Rental Potential

Property Details for 522 Farm House Ln

Property Details

Property Sq Ft

Living Area

2,605 sq ft

2% above market

Lot Size

8,712 sq ft

0% above market

Price Per Sq Ft

Living Area

$133 / sq ft

19% below market

Lot Size Area

$40 / sq ft

15% below market

Property condition, age, exterior, etc. for 522 Farm H…
Longitude: -78.83405 Latitude: 35.980114 Parcel Number (APN): 202723…

Recommended Properties in 27703

Discover more single family homes near 522 Farm House Ln in Durham, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 522 Farm House Ln in Durham County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$346,069
$437,153
-$91,084 (-21%)
$583,318
-$164,919 (-28%)
YoY Price Change
1.98%
92%
Year Built
2007
2000
7 years
Living Space
2,605 sq ft
2,660 sq ft
-55 (-2%)
$ Per Living Sq Ft
$133
$165
-$32 (-20%)
Lot Size
8,712 sq ft
19,733 sq ft
-11021 (-56%)
$ Per Lot Sq Ft
$40
$24
$16 (65%)

Net Operating Income
$22,208
-$911 (-4%)
Annual Revenue
$30,600
$33,000
-$2,400 (-7%)
$10,249
-$946 (-9%)
Net Operating Income
$22,208
-$911 (-4%)
Cap Rate
5.29%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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