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407 Gray Ave; Durham, NC Property Details

407 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 407 Gray Ave has 3 bedrooms, and 2 bathrooms, and a total of 1,146 square feet. The lot size of 407 Gray Ave is 7,405 square feet.

Off market
407 Gray Ave Durham, NC 27701
$274,500 Listing Price
3 Beds
2 Baths
1,146 SqFt
Property Type
Single Family
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1925
  • Purchase Price: $549
  • Est. Equity / %: $355,000 / 100%
  • Gross Yield: 7.646%
  • APN: 110910
  • Situs County: Durham
  • Length Of Ownership: 4 years, 5 months

Rooms

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

Structure

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

Measurements

  • Total: 1,146/SqFt
  • Lot: 7,405/SqFt
  • Living: 1,146/SqFt
  • Building: 1,146/SqFt
  • Ground: 1,139/SqFt
  • Price Per Square Foot: $0.48

Legal Description

  • Description: PROP-NORTHEAST LAND COMP/ LT#18 PL:000001-000016
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: 35.999542 / -78.89107
  • Subdivision: Prop-Northeast Land Comp
  • Property Class: Residential
  • Zoning: RU-5(2)
  • County Use Code: 111

Amenities

  • Plus Four: 2515
  • Bathroom Fixtures: 5
  • Cooling: Yes
  • Heating: Yes

Ownership Info

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

Taxes

407 Gray Ave has 10 associated Taxes items

407 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 $364,566. The APN we've located for 407 Gray Ave is 110910.

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Taxes
  • Assessed Value:  $364,566
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  110910
  • Assessed Land Value:  204750
  • Market Land Value:  204750
  • Tax Amount:  3613.95
  • Tax Year:  2025
  • Market Value:  364566
  • Market Year:  2025

Tax History

407 Gray Ave has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $364,566 Land Value $204,750 Improvement Value $159,816 Tax Amount $3,613.95 Change Rate +0.309037% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $197,919 Land Value $82,040 Improvement Value $115,879 Tax Amount $2,760.77 Change Rate +0.06489% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $197,919 Land Value $82,040 Improvement Value $115,879 Tax Amount $2,592.54 Change Rate +0.023441% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $197,919 Land Value $82,040 Improvement Value $115,879 Tax Amount $2,533.16 Change Rate +0.004708% Assessed CR Tax Rate +0.012799%
Year 2021 Assessed Value $197,919 Land Value $82,040 Improvement Value $115,879 Tax Amount $2,521.29 Change Rate +0.024115% Assessed CR Tax Rate +0.012739%
Year 2020 Assessed Value $197,919 Land Value $82,040 Improvement Value $115,879 Tax Amount $2,461.92 Change Rate Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $197,919 Land Value $82,040 Improvement Value $115,879 Tax Amount $2,461.92 Change Rate +0.813489% Assessed CR Tax Rate +0.012439%
Year 2018 Assessed Value $100,078 Land Value $38,057 Improvement Value $62,021 Tax Amount $1,357.56 Change Rate +0.007428% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $100,078 Land Value $38,057 Improvement Value $62,021 Tax Amount $1,347.55 Change Rate +0.034889% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $100,078 Land Value $38,057 Improvement Value $62,021 Tax Amount $1,302.12 Change Rate +0.399557% Assessed CR Tax Rate +0.013011%
Year 2015 Assessed Value $67,209 Land Value $16,127 Improvement Value $51,082 Tax Amount $930.38 Change Rate +0.000011% Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $67,209 Land Value $16,127 Improvement Value $51,082 Tax Amount $930.37 Change Rate Assessed CR Tax Rate +0.013843%
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