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502 Gatehouse Ln; Durham, NC Property Details

502 Gatehouse Ln, Durham, NC is a Townhouse that was built in 1989. This property is currently Financed and is for sale. Our records show that 502 Gatehouse Ln has 2 bedrooms, and 2 bathrooms, and a total of 1,148 square feet. The lot size of 502 Gatehouse Ln is 871 square feet.

On Market for 30 days
502 Gatehouse Ln Durham, NC 27707
$225,000 Listing Price
2 Beds
2 Baths
1,148 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1989
  • Purchase Price: $115,000
  • Open Loans / Balance: 1 / $150,400
  • Est. Equity / %: $90,600 / 37.59%
  • Gross Yield: 7.899%
  • APN: 139417
  • Situs County: Durham
  • Length Of Ownership: 2 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 4

Structure

  • Building Style: Wood
  • Stories: 1.75
  • Exterior Wall Type: Wood Siding
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Yes

Measurements

  • Total: 1,148/SqFt
  • Lot: 871/SqFt
  • Living: 1,148/SqFt
  • Building: 1,148/SqFt
  • Ground: 992/SqFt
  • Price Per Square Foot: $100.17

Legal Description

  • Description: WESTGATE TWNHMS/SEC:02/PH :02/UT#0502 TYPE-08/BN/F PL:000120-000190
Building Insights

Land Information

  • Property Type: Townhouse
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Durham Public Schools
  • Lat / Lon: 35.96276 / -78.96398
  • Subdivision: Westgate Twnhms S-2 P-2
  • Property Class: Residential
  • Zoning: PDR 6.420
  • County Use Code: 122

Amenities

  • Plus Four: 3417
  • Bathroom Fixtures: 8
  • Cooling: Yes
  • Fireplaces: 1
  • Heating: Yes

HOA

  • H O A One: $209
  • H O A Amount: $209
  • H O A One Frequency: Monthly
  • H O A One Name: Westgate Townes Home Ownr Assn
  • H O A One Type: Condo  Owner Association

Ownership Info

502 Gatehouse Ln has no associated ownership info
502 Gatehouse Ln has no associated ownership info.

Taxes

502 Gatehouse Ln has 10 associated Taxes items

502 Gatehouse Ln, 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 $245,610. The APN we've located for 502 Gatehouse Ln is 139417.

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Taxes
  • Assessed Value:  $245,610
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  139417
  • Assessed Land Value:  90000
  • Market Land Value:  90000
  • Tax Amount:  2434.73
  • Tax Year:  2025
  • Market Value:  245610
  • Market Year:  2025

Tax History

502 Gatehouse Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $245,610 Land Value $90,000 Improvement Value $155,610 Tax Amount $2,434.73 Change Rate +0.411421% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $123,666 Land Value $24,000 Improvement Value $99,666 Tax Amount $1,725.02 Change Rate +0.064886% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $123,666 Land Value $24,000 Improvement Value $99,666 Tax Amount $1,619.91 Change Rate +0.023439% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $123,666 Land Value $24,000 Improvement Value $99,666 Tax Amount $1,582.81 Change Rate +0.00471% Assessed CR Tax Rate +0.012799%
Year 2021 Assessed Value $123,666 Land Value $24,000 Improvement Value $99,666 Tax Amount $1,575.39 Change Rate +0.024124% Assessed CR Tax Rate +0.012739%
Year 2020 Assessed Value $123,666 Land Value $24,000 Improvement Value $99,666 Tax Amount $1,538.28 Change Rate Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $123,666 Land Value $24,000 Improvement Value $99,666 Tax Amount $1,538.28 Change Rate +0.064392% Assessed CR Tax Rate +0.012439%
Year 2018 Assessed Value $106,540 Land Value $20,000 Improvement Value $86,540 Tax Amount $1,445.22 Change Rate +0.007431% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $106,540 Land Value $20,000 Improvement Value $86,540 Tax Amount $1,434.56 Change Rate +0.034887% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $106,540 Land Value $20,000 Improvement Value $86,540 Tax Amount $1,386.2 Change Rate -0.126682% Assessed CR Tax Rate +0.013011%
Year 2015 Assessed Value $114,663 Land Value $21,100 Improvement Value $93,563 Tax Amount $1,587.28 Change Rate Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $114,663 Land Value $21,100 Improvement Value $93,563 Tax Amount $1,587.28 Change Rate Assessed CR Tax Rate +0.013843%