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414 East Pilot Street

414 East Pilot Street, Durham, NC 27707
Property in Durham
Sold Nov 22, 2019
$16,510,000
$12,700,000 by Arbor Commercial Funding Llc
Mortgage
Sold May 13, 2014
$7,000,000
Local assessors in Durham, NC have categorized 414 East Pilot Street as a residential type of property. The home was built in 1968 and is 56 years old. The property's lot size has been calculated to be 273,121 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 414 East Pilot Street has a total of 99,000 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. The building has a roof that is made of asphalt. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Nov 21, 2019 for $16,510,000. That's $166.77 per sqft. Prior to that sales transaction, the property was also sold in May 12, 2014 for $7,000,000. 414 East Pilot Street was last assessed in 2023. The total value of the property was assessed at $5,600,314. Specifically, the land the property is located on was valued at $708,000. While improvements on the property were assessed at a total of $4,892,314. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $73,359. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 16
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 273,121
  • Lot Size Frontage Feet: 0
  • Total Building Area: 99,000
  • Building Area: 99,000
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 99,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SURVEY FOR IVY COMMONS
  • Land Acres: 6.27
  • Standard Land Use Code: Garden apt, court apt (5+ units)
  • Legal Description 1: PROP-IVY COMMONS LTD PRTN RSHP/TRACT:2 DBA/IVY COM PL000000-000000

Ownership

  • Current Owner : RH APARTMENTS LLC
  • Previous Owner : 412 PILOT LLC
  • Owner Before Previous Owner: SIL SF LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 001304

Zoning

  • Zoning: RU-M

Geography

  • Subdivision Tract Number: 2
  • Parcel: 107200
  • Lot: D
  • Municipality: CITY OF DURHAM
  • Latitude: 35.964
  • Longitude: -78.9095

    Address

  • Full Address: 414 E Pilot St
  • Address - House Number: 414
  • Street Direction: E
  • Address - Street Name: Pilot
  • Address - Suffix Type: St
  • State: NC
  • City Name: Durham
  • Carrier Code: C001
  • 4-Digit Zip Code: 4162
  • Zip Code: 27707

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $73,359

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $12,700,000
  • First Open Lien Mortgage Lender: ARBOR COMMERCIAL FUNDING LLC
  • First Open Lien Mortgage Recording Date: Nov 22, 2019
  • First Open Lien Mortgage Loan Amount: $12,700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $5,600,314
  • Market Land Value: $708,000
  • Market Improvement Value: $4,892,314

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,600,314
  • Assessed Land Value: $708,000
  • Assessed Improvements Value: $4,892,314

    Sales

  • Current Sale Contract Date: Nov 21, 2019
  • Current Sale Recording Date: Nov 22, 2019
  • Current Sale Transaction ID: 11704670298
  • Current Sale Price: $16,510,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2019043311
  • Previous Sale Recording Date: May 13, 2014
  • Previous Sale Contract Date: May 12, 2014
  • Previous Sale Amount: $7,000,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARBOR COMMERCIAL FUNDING LLC
  • First Mortgage Transaction Date: Nov 22, 2019
  • First Mortgage Loan Amount: $12,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 414 East Pilot Street located in?
The 414 East Pilot Street is a located in the neighborhood of Durham in Durham, Durham.
What is the average sales price for listings in 414 East Pilot Street?
The average sales price for units in 414 East Pilot Street is $0 currently.

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