Check Availability
$395,000
↓ $4K (1%)
● House - For Sale

314 Wake Place

Durham, NC 27701
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,281 Ft²
$2,219
Est. Monthly

About This Property

MOTIVATED SELLER! Bring all offers! **INVESTOR ALERT in the Heart of Durham!** This charming 3-bedroom, 1-bath bungalow offers endless possibilities for investors and homeowners alike. Currently tenant-occupied at $1,850/month, the property is being successfully operated as a full-time Airbnb with a long, proven history of strong rental performance and consistent income. Keep the current tenant in place and start generating immediate cash flow, continue its use as a short-term or long-term rental, or make it your own personal residence.  The fenced backyard provides plenty of space for pets, entertaining, gardening, or simply relaxing outdoors. Ideally situated in a vibrant Durham location, you'll enjoy being within walking distance of popular restaurants, local breweries, and neighborhood parks. Plus, you're just a 4-minute drive from the Durham Performing Arts Center (DPAC) and Durham Bulls Athletic Park.  Whether you're looking to expand your investment portfolio or find a home in a highly desirable location, this property offers flexibility, income potential, and exceptional convenience. The possibilities are endless!
Unit Size
1,281 Ft²
Days on Market
135 days
Land Size
0.11 acres
Price per sqft
$308
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1920

Listed By

Colleen Pirozzi
Howard Perry & Walston Realtor

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Last updated: 3 months ago (TMLS #10174850)

Price History

Date / Event Date Event Price
Aug 28, 2026 Price Decreased $395,000
↓ $4K (1%)
Price Decreased
Jul 27, 2026 Price Decreased $399,000
↓ $16K (3.9%)
Price Decreased
Jun 18, 2026 Listed by Coldwell Banker HPW $415,000
Listed by Coldwell Banker HPW
May 31, 2023 Sold
Sold
Sep 23, 2022 Listed by Coldwell Banker HPW $289,900
Listed by Coldwell Banker HPW
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Property Highlights

Air Conditioning
Interior Details
Full Bathrooms: 1
Interior Features: Ceiling Fan(s)
Flooring Type: Luxury Vinyl
Laundry Features: Inside, Laundry Room
Rooms: 1
Exterior Details
Square Footage: 1281
Security Features: Smoke Detector(s)
Architectural Style: Bungalow
Year Built: 1920
Building Area Total: 1281
Levels: One
Construction Materials: Concrete
Patio and Porch Features: Covered, Front Porch, Porch
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Water Source: Public
Financial Details
Tax Map Number: 04
Tax Assessed Value: $337,126
Tax Annual Amount: $3,342
Utilities Details
Cooling Type: Central Air
Heating Type: None
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Total Rooms: 2
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,276
  • Building Area: 1,276
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SURVEY OF GEORGE C LOVE JR
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 111
  • Legal Description 1: PROP-HARRIS JOYCE/LT#04 PL000000-000000

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 000900

Zoning

  • Zoning: RU-5(2)

Geography

  • Parcel: 110845
  • Lot: 4
  • Municipality: CITY OF DURHAM
  • Latitude: 36.0009
  • Longitude: -78.8912

    Address

  • Full Address: 314 Wake Pl
  • Address - House Number: 314
  • Address - Street Name: Wake
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Durham
  • Carrier Code: C031
  • 4-Digit Zip Code: 2564
  • Zip Code: 27701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $263,312
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0829
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 93
  • Final Value: 305,961
  • High Value: 331,346
  • Low Value: 280,576

    Market Valuation

  • Market Total Value: $201,017
  • Market Land Value: $77,910
  • Market Improvement Value: $123,107

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,017
  • Assessed Land Value: $77,910
  • Assessed Improvements Value: $123,107

    Sales

  • Current Sale Contract Date: May 17, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 63299
  • Previous Sale Recording Date: Apr 22, 2010
  • Previous Sale Contract Date: Apr 20, 2010
  • Previous Sale Amount: $7,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Old North Durham


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Frequently Asked Questions

When was property at 314 Wake Place built and last sold?
The property at 314 Wake Place was built in 1920 and last sold on May 17, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 314 Wake Place is $396,924.
What are some comparable homes to 314 Wake Place?
There are currently no comparable homes to 314 Wake Place.