Price Point: What does $700,000 get in the Triangle’s housing market today?
This week’s Price Point looked at homes that sold recently for around $700,000 and found choices in Durham, Siler City and Chapel Hill.
2819 Montgomery St, Durham 27705
Sold: $703,500 on March 10
Renovated single-family home with two bedrooms and two bathrooms on a 0.42-acre lot
Built in 1984, this updated home designed by architect Bob Giddings of DesignWorks is in Durham’s Duke Forest neighborhood. It’s about a 9-minute drive west from downtown Durham, and about a 24-minute drive northwest from Raleigh-Durham International Airport.
The 2,514-square-foot home offers a “chef-inspired” kitchen, an open family room, a large loft overlooking the family room, a deck and an attached carport.
Year built: 1984
Price per square foot: $280
HOA fees: Not applicable
Taxes: $6,100 (estimated)
Last sold: 2018 for $480,000
Listed by: Donna Thompson, Fonville Morisey
331 Vintage Way, Siler City, 27344
Sold: $700,000 on March 15
Single-family ranch with three bedrooms and three bathrooms on a 10.8-acre lot
Built in 2017, this ranch home is in the Silk Hope neighborhood in Siler City. It’s about a 52-minute drive southwest from downtown Durham, and about a 55-minute drive west from downtown Raleigh.
The 2,801-square-foot home features open-planned living space, hardwood floors throughout, and upgraded appliances. The exterior includes a front porch overlooking a pond, a fenced-in yard, an insulated outdoor workshop and a pole barn with a metal roof that could be converted into a four-stall barn. The home and an adjacent 3.67-acre lot sold together.
Year built: 2017
Price per square foot: $250
HOA fees: Not applicable
Taxes: $5,100 (estimated)
Last sold: 2017 for $183,000
Listed by: Brandi Taylor, Better Homes & Gardens Real Estate Paracle
303 Parkside Circle, Chapel Hill, 27516
Sold: $701,000 on March 13
Single-family Charleston-style home with three bedrooms and three bathrooms on a 0.2-acre lot
Built in 1995, this Charleston-style home is in the mixed-use Arlen Park section of Southern Village in Chapel Hill. It’s about a 29-minute drive northeast to downtown Durham, and about a 28-minute drive east to Raleigh-Durham International Airport.
The 2,147-square-foot home features an open-floor layout, a cathedral ceiling in the primary bedroom, hardwoods throughout, a brick patio, and a new roof.
Year built: 1995
Price per square foot: $327
HOA fees: $466 annually
Taxes: $7,300 (estimated)
Last sold: 2014 for $485,500
Listed by: Katie Joyce, Peak, Swirles & Cavallito Properties
This story was originally published March 22, 2023 at 8:00 AM.
