Owner
$576,661
1211 ALABAMA AVE, DURHAM, NC
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,700
property type
Single Family Residential
hoa
No
About
Residential
Heated Area
1 Story
No Basement
Yes
Wood
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1926
Building Size
1,700 sq ft
Lot Size
9,148 sq ft
Lot Size (Acres)
0.21 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
103606
County
Durham County, North Carolina
Metro Area
Durham-Chapel Hill, NC
Zoning
RS-8
Neighborhood/Subdivision
WATTS HOSP-HILLANDALE
Lot Number
2
School District
Durham Public Schools
Legal Description
PROP-1211 ALABAMA AVE/LT# 02 WATTS HOSP-HILLANDALE PL:000204-000164
Tax & Value Information
Market Value (Total)
$431,581
Building Value
$322,861
Land Value
$108,720
Annual Property Tax
$6,020
Tax Assessment Year
2024
Assessed Value
$431,581
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
12/21/2021
Recording Date
12/22/2021
Sales Document #
2021.65105
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$22,314
Return on Investment
15.60%
After Repair Value
$634,327
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$518,995
Renovation Cost
$28,833
Closing Costs (buying)
$10,380
Holding Costs
$15,746
Selling Costs
$38,060
Total Investment
$143,012
After Repair Value (ARV)
$634,327
Total Costs
$612,013
Estimated Profit
$22,314
Cash Invested
$132,632
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area