See Home Value
Durham 27701
602 Gray Avenue
$505,000
● House - Off Market

602 Gray Avenue

Durham, NC 27701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,161 Ft²
$2,395
Est. Monthly
4.41%
Cap Rate

About This Property

Major Price Drop! Rebuilt Bungalow in Prime Downtown Durham Location!

Welcome to 602 Gray Avenue - Where modern design meets Bull City charm in this fully rebuilt 3 bed, 2 bath bungalow located just blocks from downtown Durham. Priced $30,000 below market, this home is an unbeatable opportunity for buyers looking for style, function, and location.

Charming, Reimagined Bungalow in the Heart of Durham!

Beautifully rebuilt 3-bedroom, 2-bath bungalow that blends timeless character with fresh, modern updates. Completely reconstructed from the foundation up in 2023, this single-level home features a newer roof, new HVAC, and quality craftsmanship throughout.

Inside, you'll find an open-concept layout with warm, wood-style flooring and abundant natural light. The show stopping kitchen is anchored by sleek marble countertops, an oversized center island, stainless steel appliances, gas range, and custom herringbone tile backsplash - ideal for cooking, gathering, and everyday living.

Each of the three spacious rooms offers versatility, with one currently styled as a chic home office featuring custom wall accents. Both full bathrooms are updated with granite countertops and elegant fixtures, creating a spa-like experience at home.

Out front, enjoy morning coffee on the wide, covered porch or take in the view from the back deck. Enjoy space to garden, entertain, or simply relax under the trees. The extended side patio offers even more outdoor potential.

Perfectly positioned near the energy of Downtown Durham - close to farmers markets, the historic Carolina Theatre, DPAC, Durham Bulls Ballpark, museums, restaurants, hotels, and Duke University - this home offers the ultimate mix of comfort, convenience, and charm.

602 Gray Ave is truly move-in ready and designed for modern living in one of Durham's most dynamic communities.

Don't miss your chance to own a move-in-ready gem in the heart of Durham's most dynamic neighborhood.
Unit Size
1,161 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$370
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1920

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Last updated: 2 years ago (TMLS #10085706)

Price History

Date / Event Date Event Price
Jul 9, 2025 Sold
Sold
Jun 18, 2025 In contract -
In contract
May 19, 2025 Price Decreased $430,000
↓ $30K (6.5%)
Price Decreased
Mar 27, 2025 Listed by The M Homes Group $460,000
Listed by The M Homes Group
Nov 16, 2021 Sold
Sold
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • 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: 6,098
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,072
  • Building Area: 1,072
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,072
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEERWOOD PRK
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 111
  • Legal Description 1: GEERWOOD PARK/LT#032 PL00005A-000074

Neighborhood

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

Zoning

  • Zoning: RU-5(2)

Geography

  • Assessors Map Reference: BK 5A PG 74
  • Parcel: 110586
  • Lot: 32
  • Municipality: CITY OF DURHAM
  • Latitude: 35.9991
  • Longitude: -78.8886

    Address

  • Full Address: 602 Gray Ave
  • Address - House Number: 602
  • Address - Street Name: Gray
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Durham
  • Carrier Code: C031
  • 4-Digit Zip Code: 2520
  • Zip Code: 27701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $242,354
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 339,282
  • High Value: 405,578
  • Low Value: 272,987

    Market Valuation

  • Market Total Value: $185,017
  • Market Land Value: $79,800
  • Market Improvement Value: $105,217

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,017
  • Assessed Land Value: $79,800
  • Assessed Improvements Value: $105,217

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 16, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021058617
  • Previous Sale Recording Date: Nov 16, 2021
  • Previous Sale Contract Date: Nov 01, 2021
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71
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 Durham


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Unit for rent at 514 Spruce Street, Durham, NC, 27703

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407 East End Avenue, Durham, NC, 27703 Listing by Sworna Gomes


Frequently Asked Questions

When was property at 602 Gray Avenue built and last sold?
The property at 602 Gray Avenue was built in 1920 and last sold on Nov 15, 2021 for $235,000.
How much is this home worth?
The estimated value of the home located at 602 Gray Avenue is $426,208.
What are some comparable homes to 602 Gray Avenue?
There are currently no comparable homes to 602 Gray Avenue.