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408 Gray Ave; Durham, NC Property Details

408 Gray Ave, Durham, NC is a Single Family that was built in 1922. This property is currently Financed and is not for sale. Our records show that 408 Gray Ave has 4 bedrooms, and 3 bathrooms, and a total of 2,140 square feet. The lot size of 408 Gray Ave is 6,098 square feet.

Off market
408 Gray Ave Durham, NC 27701
$475,000 Listing Price
4 Beds
3 Baths
2,140 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1922
  • Purchase Price: $475,000
  • Open Loans / Balance: 2 / $454,989
  • Est. Equity / %: $201,011 / 30.64%
  • Gross Yield: 6.702%
  • APN: 110643
  • Situs County: Durham
  • Length Of Ownership: 5 years, 2 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 4

Structure

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

Measurements

  • Total: 2,140/SqFt
  • Lot: 6,098/SqFt
  • Living: 2,140/SqFt
  • Building: 2,140/SqFt
  • Ground: 1,604/SqFt
  • Price Per Square Foot: $221.96

Legal Description

  • Description: PROP-NORTH EAST LAND CO/L T#21 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: 35.999046 / -78.89108
  • Subdivision: Survey Of The E C Belvin
  • 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

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

Taxes

408 Gray Ave has 10 associated Taxes items

408 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 $673,798. The APN we've located for 408 Gray Ave is 110643.

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Taxes
  • Assessed Value:  $673,798
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  110643
  • Assessed Land Value:  199500
  • Market Land Value:  199500
  • Tax Amount:  6679.36
  • Tax Year:  2025
  • Market Value:  673798
  • Market Year:  2025

Tax History

408 Gray Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $673,798 Land Value $199,500 Improvement Value $474,298 Tax Amount $6,679.36 Change Rate +0.109219% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $431,693 Land Value $79,940 Improvement Value $351,753 Tax Amount $6,021.68 Change Rate +0.392705% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $330,081 Land Value $79,940 Improvement Value $250,141 Tax Amount $4,323.73 Change Rate +0.023438% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $330,081 Land Value $79,940 Improvement Value $250,141 Tax Amount $4,224.71 Change Rate +0.004709% Assessed CR Tax Rate +0.012799%
Year 2021 Assessed Value $330,081 Land Value $79,940 Improvement Value $250,141 Tax Amount $4,204.91 Change Rate +0.024119% Assessed CR Tax Rate +0.012739%
Year 2020 Assessed Value $330,081 Land Value $79,940 Improvement Value $250,141 Tax Amount $4,105.88 Change Rate +0.017493% Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $324,406 Land Value $79,940 Improvement Value $244,466 Tax Amount $4,035.29 Change Rate +0.599344% Assessed CR Tax Rate +0.012439%
Year 2018 Assessed Value $186,000 Land Value $37,147 Improvement Value $148,853 Tax Amount $2,523.09 Change Rate +0.672172% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $112,058 Land Value $37,147 Improvement Value $74,911 Tax Amount $1,508.87 Change Rate +0.034897% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $186,000 Land Value $37,147 Improvement Value $148,853 Tax Amount $1,457.99 Change Rate +0.838969% Assessed CR Tax Rate +0.007839%
Year 2015 Assessed Value $57,273 Land Value $15,741 Improvement Value $41,532 Tax Amount $792.83 Change Rate Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $57,273 Land Value $15,741 Improvement Value $41,532 Tax Amount $792.83 Change Rate Assessed CR Tax Rate +0.013843%