13 days on rocket

1404 Gearwood Ave, Durham, NC, 27701

$295,000

Home List Price

$3,503*

Closing Credit

3 Bedrooms
2 Full Baths
1,925 SqFt
$153/SqFt
House
Schools Nearby

Location

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1404 Gearwood Ave, Durham$295,000

Buyer Closing Credits

$3,503*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1943
HeatingElectric, Heat Pump
CoolingCentral Air
MLS #10028239
Lot Size0.11 Acres
StatusActive

About 1404 Gearwood Ave

Attention investors! Exceptional opportunity awaits in a highly sought-after neighborhood close to Downtown Durham. This property presents two distinct avenues for potential buyers: restore this charming house to its original glory targeting a $600,000 ARV, or build a new home in an area where prices are exceeding $900,000, providing significant potential for return on investment. Property sold as is.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1943
  • Living Area: 1,925 SqFt

Listing Office:

  • Office Name: RIG REAL ESTATE LLC
  • Office Phone: (919) 985-4490
  • Listing Agent: Mark C France

Interior Features

Interior Information:

  • Flooring Type: Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Central Air

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: Turn left on Gearwood Ave. House on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $295,000
  • Price Per SqFt: $153/SqFt

Tax Information:

  • Annual Amount: $1,712
  • 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

$414.9K

Med. Price/SqFt

$231

Avg. Days On Market

33

# of Sold Homes

326

1404 Gearwood Ave vs Durham

13 DAYS ON ROCKET

-20 Days

$295,000

-$119.9K Less

$153/SqFt

-$78 Less

KEY TAKEAWAY

This property is $119.9K less than the Median Sold Price and $78/SqFt less 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: #10028239

Listing Office:

  • Office Name: RIG REAL ESTATE LLC
  • Office Phone: (919) 985-4490
  • Listing Agent: Mark C France

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. 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: 5/22/2024, 11:20:39 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$1,712$134,391
2020$1,671$134,391
2019$1,671$134,391
2018$1,080$79,649
2017$1,072$79,649

History based on county public records data.

Payment Calculator

$1,540

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$951

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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-402036
6
/10

  • Eastway Elementary School

  • 610 N Alston Ave

  • 0.73 miles

  • Public District Grades PK-5

school-card-donut-402037
9
/10

  • R N Harris Elementary School

  • 1520 Cooper St

  • 2.06 miles

  • Public District Grades PK-5

school-card-donut-402038
6
/10

  • Holt Elementary School

  • 4019 Holt School Rd

  • 3.98 miles

  • Public District Grades PK-5

Middle School

school-card-donut-402039
5
/10

  • Lucas Middle School

  • 923 Snow Hill Rd

  • 7.46 miles

  • Public District Grades 6-8

High School

school-card-donut-402040
10
/10

  • J D Clement Early College High School

  • 1801 Fayetteville St

  • 1.92 miles

  • Public District Grades 9-12

school-card-donut-402041
8
/10

  • City of Medicine Academy

  • 301 Crutchfield St

  • 2.69 miles

  • Public District Grades 9-12

school-card-donut-402042
8
/10

  • Hillside New Tech High School

  • 3727 Fayetteville St

  • 3.40 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. The majority of Durham, NC residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1404 Gearwood Ave

What is the listing price of this property?

The listing price of 1404 Gearwood Ave property is $295,000.

What type of property is this?

The property 1404 Gearwood Ave is a house located in Durham, North Carolina, 27701.

Is this property for sale now?

Active Listing: 1404 Gearwood 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 1404 Gearwood 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 $1,712 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1404 Gearwood Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1404 Gearwood Ave is 1,925 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1404 Gearwood Ave is 1943.

Rocket Homes›North Carolina›Durham County›Durham›27701›1404 Gearwood Ave

This home is located at 1404 Gearwood Ave in Durham, NC and zip code 27701. This 1,925 square foot home, which was built in 1943, sits on a 0.11 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $295,000.

In April 2024 more than 135 listings in Durham, NC were sold above the asking price. During the same period more than 78 listings were sold at asking price, while more than 113 were sold below. The inventory of homes for sale in Durham, NC between March 2024 and April 2024 decreased by 0.5%. The median list price of listings available in April 2024 was $414,939, while the average time on the real estate market was 33 days.

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

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