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523 Timpson Avenue

523 Timpson Avenue, Durham, NC 27703
Property in Durham
Sold May 26, 2016
$188,500
$150,712 by On Q Financial
Mortgage Due Jun 01, 2046
Sold Feb 05, 2016
$175,000
523 Timpson Avenue has been categorized by the local assessors in Durham, NC as a residential type of property. The building on the property was first built in 2015 and is 9 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 523 Timpson Avenue has 1,624 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,742 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 523 Timpson Avenue sold most recently in May 23, 2016 for a total of $188,500. If you work out the math, that's approximately a cost of $116.07 per sqft. Before that, the property was also sold for $175,000 in Feb 5, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,751 in taxes each year. 523 Timpson Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $210,030. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $170,030. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Townhouse
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,742
  • Total Building Area: 1,624
  • Building Area: 1,624
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,624
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRIGHTLF@PK/TR08/PH2&3/TW
  • Land Acres: 0.04
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: BRIGHTLEAF @ THE PARK TWH MS/TR:08/PH:02-03/LT#085 PL000194-000187

Ownership

  • Current Owner : NAIK PARAS
  • Previous Owner : DAN RYAN BUILDERS NORTH CA
  • Owner Before Previous Owner: MREC BRIGHTLEAF LLC

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 001808

Zoning

  • Zoning: PDR 3.990

Geography

  • Assessors Map Reference: BK 194 PG 187
  • Subdivision Tract Number: 8
  • Parcel: 217764
  • Lot: 85
  • Municipality: CITY OF DURHAM
  • Latitude: 35.9484
  • Longitude: -78.8139

    Address

  • Full Address: 523 Timpson Ave
  • Address - House Number: 523
  • Address - Street Name: Timpson
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Durham
  • Carrier Code: R041
  • 4-Digit Zip Code: 8364
  • Zip Code: 27703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,751

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 77
  • Final Value: 371,500
  • High Value: 435,876
  • Low Value: 307,124

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,712
  • First Open Lien Mortgage Lender: ON Q FINANCIAL
  • First Open Lien Mortgage Recording Date: May 26, 2016
  • First Open Lien Mortgage Loan Amount: $150,712
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2046

    Market Valuation

  • Market Total Value: $210,030
  • Market Land Value: $40,000
  • Market Improvement Value: $170,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,030
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $170,030

    Sales

  • Current Sale Contract Date: May 23, 2016
  • Current Sale Recording Date: May 26, 2016
  • Current Sale Transaction ID: 1613975939
  • Current Sale Price: $188,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2016016751
  • Previous Sale Recording Date: Feb 05, 2016
  • Previous Sale Contract Date: Feb 05, 2016
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ON Q FINANCIAL
  • First Mortgage Transaction Date: May 26, 2016
  • First Mortgage Loan Amount: $150,712
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2046

About Durham



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Frequently Asked Questions

What neighborhood is 523 Timpson Avenue located in?
The 523 Timpson Avenue is a located in the neighborhood of Durham in Durham, Durham.
What is the average sales price for listings in 523 Timpson Avenue?
The average sales price for units in 523 Timpson Avenue is $0 currently.

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