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701 Gray Ave; Durham, NC Property Details

701 Gray Ave, Durham, NC is a Single Family that was built in 1920. This property is currently Financed,New Construction and is not for sale. Our records show that 701 Gray Ave has 3 bedrooms, and 2.5 bathrooms, and a total of 1,922 square feet. The lot size of 701 Gray Ave is 5,227 square feet.

Off market
701 Gray Ave Durham, NC 27701
$605,000 Listing Price
3 Beds
2.5 Baths
1,922 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1920
  • Purchase Price: $605,000
  • Open Loans / Balance: 1 / $418,473
  • Est. Equity / %: $244,527 / 36.88%
  • Gross Yield: 5.54%
  • APN: 110852
  • Situs County: Durham
  • Length Of Ownership: 4 years, 2 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 3
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 1,922/SqFt
  • Lot: 5,227/SqFt
  • Living: 1,922/SqFt
  • Building: 1,922/SqFt
  • Ground: 787/SqFt
  • Price Per Square Foot: $314.78

Legal Description

  • Description: GEERWOOD PARK/LT#065 PL:00005A-000074
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: 35.99942 / -78.887665
  • Subdivision: Geerwood Prk
  • Property Class: Residential
  • Zoning: RU-5(2)
  • County Use Code: 111

Amenities

  • Plus Four: 2601
  • Bathroom Fixtures: 5
  • Cooling: Yes
  • Fireplaces: 1
  • Heating: Yes

Ownership Info

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

Taxes

701 Gray Ave has 10 associated Taxes items

701 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 $557,532. The APN we've located for 701 Gray Ave is 110852.

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Taxes
  • Assessed Value:  $557,532
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  110852
  • Assessed Land Value:  140000
  • Market Land Value:  140000
  • Tax Amount:  5526.81
  • Tax Year:  2025
  • Market Value:  557532
  • Market Year:  2025

Tax History

701 Gray Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $557,532 Land Value $140,000 Improvement Value $417,532 Tax Amount $5,526.81 Change Rate +0.000579% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $395,986 Land Value $78,190 Improvement Value $317,796 Tax Amount $5,523.61 Change Rate +0.064893% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $395,986 Land Value $78,190 Improvement Value $317,796 Tax Amount $5,187.01 Change Rate +0.023438% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $395,986 Land Value $78,190 Improvement Value $317,796 Tax Amount $5,068.22 Change Rate +2.910573% Assessed CR Tax Rate +0.012799%
Year 2021 Assessed Value $101,737 Land Value $78,190 Improvement Value $23,547 Tax Amount $1,296.03 Change Rate +0.024109% Assessed CR Tax Rate +0.012739%
Year 2020 Assessed Value $101,737 Land Value $78,190 Improvement Value $23,547 Tax Amount $1,265.52 Change Rate Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $101,737 Land Value $78,190 Improvement Value $23,547 Tax Amount Change Rate Assessed CR Tax Rate
Year 2018 Assessed Value $64,715 Land Value $16,755 Improvement Value $47,960 Tax Amount $877.86 Change Rate +0.007425% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $64,715 Land Value $16,755 Improvement Value $47,960 Tax Amount $871.39 Change Rate +0.034893% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $64,715 Land Value $16,755 Improvement Value $47,960 Tax Amount $842.01 Change Rate +0.971274% Assessed CR Tax Rate +0.013011%
Year 2015 Assessed Value $30,856 Land Value $14,178 Improvement Value $16,678 Tax Amount $427.14 Change Rate Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $30,856 Land Value $14,178 Improvement Value $16,678 Tax Amount $427.14 Change Rate Assessed CR Tax Rate +0.013843%