Price Point: What does $140,000 get in Triangle’s housing market today?
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Price Point
See what you could buy within your budget from the North Carolina Triangle’s current real estate market options.
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“Price Point” is a News & Observer column aimed at offering a quick snapshot of the market, and what buyers can get depending on their location and budget.
Every week, we will tell you about three houses on the market that are roughly the same price but located in different parts of the Triangle.
This week, we looked at homes that sold recently for around $140,000, and found homes in Franklinton, Durham and Raleigh.
619 E. Mason St., Franklinton, 27525
Sold: $138,500 on Feb. 1
Century-old single-family home with three bedrooms and two bathrooms on a .51-acre lot
The 1,036-square-foot house is about a mile from downtown Franklinton. It’s about 30 miles northeast of Raleigh, and four miles south of the Tar River.
Built in 1925, the house is listed as an “investor’s special” in an “up-and-coming” neighborhood. It features a corner lot and brand-new roof.
Size: 1,036 square feet
Year built: 1925
Price per square foot: $134
HOA fees: Not applicable
Taxes: $1,096 (estimated)
Last sold: 2021 for $115,000
Listed by: Lisa Gant Gibbs, eXp Realty
3600 Dearborn Drive, Durham, 27704
Sold: $140,000 on Jan. 23
Single-family home with three bedrooms and two bathrooms on a .15-acre lot
The house is in northeast Durham about a tenth of a mile from Lakeview Park. It’s about a 12-minute drive south to downtown Durham and a 16-minute drive southwest to the Research Park.
Built in 1940, the house is listed as “a diamond in the rough.” The listing said it’s being sold as is. That includes a partial basement with an outdoor entrance.
Size: 1,469 square feet
Year built: 1940
Price per square foot: $94
HOA fees: Not applicable
Taxes: $1,387 (estimated)
Last sold: 2014 for $19,000
Listed by: Kim Mann, exP Realty
3944 Barwell Road, Raleigh, 27610
Sold: $140,000 on Jan. 23
Wooded 1.1-acre lot with “mature trees”
This cleared lot is in southeast Raleigh, near the John’s Pointe neighborhood. It’s less than three miles from I-540 Interchange, and about a 14-minute drive into downtown Raleigh.
The lot has no restrictive covenants or home association fees. The lot is “possibly two homesites,” according to the listing. Soil testing has been done.
Size: 1.1 acre-lot
Year built: Not applicable
Price per square foot: Not applicable
HOA fees: Not applicable
Taxes: $578 (estimated)
Last sold: 2022 for $60,000
Listed by: Terry Robinson, Keller Williams Realty
This story was originally published February 8, 2023 at 7:30 AM.
