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705 Gray Ave; Durham, NC Property Details

705 Gray Ave, Durham, NC is a Single Family that was built in 1941. This property is currently Financed and is for sale. Our records show that 705 Gray Ave has 3 bedrooms, and 2 bathrooms, and a total of 1,264 square feet. The lot size of 705 Gray Ave is 5,227 square feet.

On Market for 110 days
705 Gray Ave Durham, NC 27701
$369,000 Listing Price
3 Beds
2 Baths
1,264 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1941
  • Purchase Price: $195,000
  • Open Loans / Balance: 1 / $307,401
  • Est. Equity / %: $113,599 / 26.98%
  • Gross Yield: 4.797%
  • APN: 110854
  • Situs County: Durham
  • Length Of Ownership: 3 years, 2 months

Rooms

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

Structure

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

Measurements

  • Total: 1,264/SqFt
  • Lot: 5,227/SqFt
  • Living: 1,264/SqFt
  • Building: 1,264/SqFt
  • Ground: 1,120/SqFt
  • Price Per Square Foot: $154.27

Legal Description

  • Description: GEERWOOD PARK/LT#067 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: 35.999424 / -78.88733
  • Subdivision: Geerwood Prk
  • Property Class: Residential
  • Zoning: RU-5(2)
  • County Use Code: 111

Amenities

  • Plus Four: 2601
  • Bathroom Fixtures: 12
  • Cooling: Yes
  • Heating: Heat Pump

Ownership Info

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

Taxes

705 Gray Ave has 10 associated Taxes items

705 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 $266,075. The APN we've located for 705 Gray Ave is 110854.

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Taxes
  • Assessed Value:  $266,075
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  110854
  • Assessed Land Value:  140000
  • Market Land Value:  140000
  • Tax Amount:  2637.6
  • Tax Year:  2025
  • Market Value:  266075
  • Market Year:  2025

Tax History

705 Gray Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $266,075 Land Value $140,000 Improvement Value $126,075 Tax Amount $2,637.6 Change Rate +0.329234% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $142,254 Land Value $78,190 Improvement Value $64,064 Tax Amount $1,984.3 Change Rate +0.064887% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $142,254 Land Value $78,190 Improvement Value $64,064 Tax Amount $1,863.39 Change Rate +0.284468% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $142,254 Land Value $78,190 Improvement Value $64,064 Tax Amount $1,450.71 Change Rate +0.601066% Assessed CR Tax Rate +0.010198%
Year 2021 Assessed Value $142,254 Land Value $78,190 Improvement Value $64,064 Tax Amount $906.09 Change Rate -0.487937% Assessed CR Tax Rate +0.00637%
Year 2020 Assessed Value $142,254 Land Value $78,190 Improvement Value $64,064 Tax Amount $1,769.49 Change Rate Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $142,254 Land Value $78,190 Improvement Value $64,064 Tax Amount $1,769.49 Change Rate +0.454921% Assessed CR Tax Rate +0.012439%
Year 2018 Assessed Value $89,658 Land Value $16,755 Improvement Value $72,903 Tax Amount $1,216.21 Change Rate +0.007422% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $89,658 Land Value $16,755 Improvement Value $72,903 Tax Amount $1,207.25 Change Rate +0.034898% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $89,658 Land Value $16,755 Improvement Value $72,903 Tax Amount $1,166.54 Change Rate +0.81461% Assessed CR Tax Rate +0.013011%
Year 2015 Assessed Value $46,439 Land Value $14,178 Improvement Value $32,261 Tax Amount $642.86 Change Rate Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $46,439 Land Value $14,178 Improvement Value $32,261 Tax Amount $642.86 Change Rate Assessed CR Tax Rate +0.013843%