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402 Gray Ave; Durham, NC Property Details

402 Gray Ave, Durham, NC is a Single Family that was built in 1920. This property is currently Cash Purchase,Bank Sale and is not for sale. Our records show that 402 Gray Ave has 3 bedrooms, and 1 bathroom, and a total of 1,383 square feet. The lot size of 402 Gray Ave is 5,663 square feet.

Off market
402 Gray Ave Durham, NC 27701
$70,000 Listing Price
3 Beds
1 Baths
1,383 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1920
  • Purchase Price: $16,000
  • Est. Equity / %: $386,000 / 100%
  • Gross Yield: 7.066%
  • APN: 110646
  • Situs County: Durham
  • Length Of Ownership: 21 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 2

Structure

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

Measurements

  • Total: 1,383/SqFt
  • Lot: 5,663/SqFt
  • Living: 1,383/SqFt
  • Building: 1,383/SqFt
  • Ground: 1,383/SqFt
  • Price Per Square Foot: $11.57

Legal Description

  • Description: PROP-NORTHEAST LAND CO/LT #18 PL:000002-000131
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: 35.99905 / -78.89162
  • Subdivision: Northeast Land Company
  • Property Class: Residential
  • Zoning: RU-5(2)
  • County Use Code: 111

Amenities

  • Plus Four: 2516
  • Bathroom Fixtures: 5
  • Cooling: Yes
  • Heating: Yes

HOA

  • H O A One: $255
  • H O A Amount: $255
  • H O A One Frequency: Monthly
  • H O A One Name: 404 Gray Avenue Condo
  • H O A One Type: Home Owner Association

Ownership Info

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

Taxes

402 Gray Ave has 10 associated Taxes items

402 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 $332,730. The APN we've located for 402 Gray Ave is 110646.

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Taxes
  • Assessed Value:  $332,730
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  110646
  • Assessed Land Value:  197750
  • Market Land Value:  197750
  • Tax Amount:  3298.35
  • Tax Year:  2025
  • Market Value:  332730
  • Market Year:  2025

Tax History

402 Gray Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $332,730 Land Value $197,750 Improvement Value $134,980 Tax Amount $3,298.35 Change Rate +0.651115% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $143,211 Land Value $79,100 Improvement Value $64,111 Tax Amount $1,997.65 Change Rate +0.064885% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $143,211 Land Value $79,100 Improvement Value $64,111 Tax Amount $1,875.93 Change Rate +0.023443% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $143,211 Land Value $79,100 Improvement Value $64,111 Tax Amount $1,832.96 Change Rate +0.004708% Assessed CR Tax Rate +0.012799%
Year 2021 Assessed Value $143,211 Land Value $79,100 Improvement Value $64,111 Tax Amount $1,824.37 Change Rate +0.024127% Assessed CR Tax Rate +0.012739%
Year 2020 Assessed Value $143,211 Land Value $79,100 Improvement Value $64,111 Tax Amount $1,781.39 Change Rate Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $209,032 Land Value $79,100 Improvement Value $129,932 Tax Amount $1,781.39 Change Rate +0.626692% Assessed CR Tax Rate +0.008522%
Year 2018 Assessed Value $80,730 Land Value $36,660 Improvement Value $44,070 Tax Amount $1,095.1 Change Rate +0.007424% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $80,730 Land Value $36,660 Improvement Value $44,070 Tax Amount $1,087.03 Change Rate +0.034902% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $178,050 Land Value $36,660 Improvement Value $141,390 Tax Amount $1,050.37 Change Rate +0.186363% Assessed CR Tax Rate +0.005899%
Year 2015 Assessed Value $63,958 Land Value $15,152 Improvement Value $48,806 Tax Amount $885.37 Change Rate Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $63,958 Land Value $15,152 Improvement Value $48,806 Tax Amount $885.37 Change Rate Assessed CR Tax Rate +0.013843%