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401 Gray Ave; Durham, NC Property Details

401 Gray Ave, Durham, NC is a Single Family that was built in 1925. This property is currently a cash purchase and is not for sale. Our records show that 401 Gray Ave has 3 bedrooms, and 2 bathrooms, and a total of 1,190 square feet. The lot size of 401 Gray Ave is 5,663 square feet.

Off market
401 Gray Ave Durham, NC 27701
$73,000 Listing Price
3 Beds
2 Baths
1,190 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1925
  • Purchase Price: $142,500
  • Est. Equity / %: $323,000 / 100%
  • Gross Yield: 6.672%
  • APN: 110907
  • Situs County: Durham
  • Length Of Ownership: 9 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 2

Structure

  • Building Style: Wood
  • Stories: 1
  • Exterior Wall Type: Wood Siding
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Yes

Measurements

  • Total: 1,190/SqFt
  • Lot: 5,663/SqFt
  • Living: 1,190/SqFt
  • Building: 1,190/SqFt
  • Ground: 1,190/SqFt
  • Price Per Square Foot: $119.75

Legal Description

  • Description: PROP-NORTHEAST LAND COMP/ LT#15 PL:00001A-000016
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Durham Public Schools
  • Lat / Lon: 35.99948 / -78.891594
  • Subdivision: Prop-Northeast Land Comp
  • Property Class: Residential
  • Zoning: RU-5(2)
  • County Use Code: 111

Amenities

  • Plus Four: 2515
  • Bathroom Fixtures: 10
  • Cooling: Yes
  • Heating: Yes

Ownership Info

401 Gray Ave has no associated ownership info
401 Gray Ave has no associated ownership info.

Taxes

401 Gray Ave has 10 associated Taxes items

401 Gray Ave, Durham, NC pays taxes in Durham County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $323,947. The APN we've located for 401 Gray Ave is 110907.

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Taxes
  • Assessed Value:  $323,947
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  110907
  • Assessed Land Value:  197750
  • Market Land Value:  197750
  • Tax Amount:  3211.29
  • Tax Year:  2025
  • Market Value:  323947
  • Market Year:  2025

Tax History

401 Gray Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $323,947 Land Value $197,750 Improvement Value $126,197 Tax Amount $3,211.29 Change Rate +0.623783% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $141,778 Land Value $79,310 Improvement Value $62,468 Tax Amount $1,977.66 Change Rate +0.064884% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $141,778 Land Value $79,310 Improvement Value $62,468 Tax Amount $1,857.16 Change Rate +0.023443% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $141,778 Land Value $79,310 Improvement Value $62,468 Tax Amount $1,814.62 Change Rate +0.004712% Assessed CR Tax Rate +0.012799%
Year 2021 Assessed Value $141,778 Land Value $79,310 Improvement Value $62,468 Tax Amount $1,806.11 Change Rate +0.024122% Assessed CR Tax Rate +0.012739%
Year 2020 Assessed Value $141,778 Land Value $79,310 Improvement Value $62,468 Tax Amount $1,763.57 Change Rate Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $197,232 Land Value $79,310 Improvement Value $117,922 Tax Amount $1,763.57 Change Rate -0.198701% Assessed CR Tax Rate +0.008942%
Year 2018 Assessed Value $162,248 Land Value $36,725 Improvement Value $125,523 Tax Amount $2,200.89 Change Rate +0.007424% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $162,248 Land Value $36,725 Improvement Value $125,523 Tax Amount $2,184.67 Change Rate +0.034898% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $162,248 Land Value $36,725 Improvement Value $125,523 Tax Amount $2,111 Change Rate +2.844193% Assessed CR Tax Rate +0.013011%
Year 2015 Assessed Value $39,669 Land Value $15,243 Improvement Value $24,426 Tax Amount $549.14 Change Rate Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $39,669 Land Value $15,243 Improvement Value $24,426 Tax Amount $549.14 Change Rate Assessed CR Tax Rate +0.013843%