7 Ratcale Ln

Durham, NC 27705

$405,000
Last Sold Price
4
Beds
2,277 Sq. Ft.
$178 / Sq. Ft.
2,277
Sq. Ft.
$178
per Sq. Ft.

Description

Offer deadline set for saturday july 27th at 12pm. Rare investment opportunity in amazing location next to Duke Hospital and VA! This property features two units with each offering 2 bed/1 full bath, living room, kitchen, and laundry space. Recent updates include new roof (2024), new windows (2024), new water heater (2022), new HVAC (2021). Hardwood floors throughout both units, tile flooring in upper level kitchen & bath, newly built deck overlooking a fully fenced backyard. Property is currently...Offer deadline set for saturday july 27th at 12pm. Rare investment opportunity in amazing location next to Duke Hospital and VA! This property features two units with each offering 2 bed/1 full bath, living room, kitchen, and laundry space. Recent updates include new roof (2024), new windows (2024), new water heater (2022), new HVAC (2021). Hardwood floors throughout both units, tile flooring in upper level kitchen & bath, newly built deck overlooking a fully fenced backyard. Property is currently recorded as a single family dwelling- seller will take no corrective steps. There is only 1 meter and 1 address for the home. One HVAC, one water heater. Owner had been getting $1500 per unit per month ($3000 total per month)
  1. Listed by Michael C Newport • Mallard Realty Group

Property Details for 7 Ratcale Lane

View
Yes
Waterfront
No
Subdivision
Not in a Subdivision

Location

Listing Courtesy of Mallard Realty Group

Sold By Allen Tate/Raleigh-Glenwood

Add your commute
LISTING UPDATED: 03/01/2025 10:58 AM

Property Details for 7 Ratcale Lane

StatusClosed
MLS #10043053
Days on Market3
Taxes$2,153 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1985
Lot Size0.29 AC / 12,632 SF
CountyDurham County

Building Information for 7 Ratcale Lane

Stories2Residences2Year Built1985Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$2,301 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,122

Property Taxes

$179

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7 Ratcale Lane

Summary
Location and General Information
  • Directions: From Hwy-147 take exit for Fulton Street going South towards Duke Hospital. Turn right onto Shirley Street; Turn left onto Ratcale Lane
  • Subdivision Name: Not in a Subdivision
  • Latitude: 36.010665
  • Longitude: -78.937582
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $2,153.00
  • City Limits Of: Durham
  • City Limits YN: Yes
  • Lot Number: 73
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 7
School Information
  • Elementary School: Durham - Forest View
  • Elementary School 2: Durham - Pearsontown
  • Middle Or Junior School: Durham - Brogden
  • Middle School 2: Durham - Rogers-Herr
  • High School: Durham - Riverside
  • High School 2: Durham - The School for Creative Studies
Parking
  • Open Parking: No
  • Parking Features: Driveway
  • Carport: No
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 2277.0
  • Lot Features: Back Yard, Cul-De-Sac
  • Architectural Style: Transitional
  • Total Other Area Sq Ft: 0
  • Parcel Number: 104572
  • Structure Type: Duplex, Multi Family
  • Sold PriceList Price: 1.16
Property and Assessments
  • New Construction: No
  • Photos Count: 33
  • Above Grade Finished Area Source: Appraiser
  • Below Grade Finished Area: 1082.0
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Brick Veneer
  • Exterior Features: Fenced Yard, Rain Gutters
  • Fencing: Back Yard, Wood
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Front Porch
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Aluminum Siding, Brick Veneer, Duplex, Multi Family
Interior Features
  • Levels: Two
  • Stories: 2
  • Basement Description: Apartment, Exterior Entry, Finished, Walk-Out Access
  • Fireplace Y N: No
  • Flooring: Hardwood, Tile
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Forced Air, Natural Gas
  • Heating?: Yes
  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave
  • Equipment Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave
  • Interior: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Driveway, Aluminum Siding, Brick Veneer
  • Equipment: Dishwasher, Electric Range, Gas Water Heater, Microwave, Driveway
Multi Family
Unit Information
  • Total Units: 2
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Units Information
Unit One
  • Unit One: Above Grade Finished Area: 1195.0
  • Unit One: Baths Total: 1.0
  • Unit One: Beds Total: 2.0
  • Unit One: Dishwasher: true
  • Unit One: Kitchen: true
  • Unit One: Living Room: true
  • Unit One: Unit Type: 2 Bedroom
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 2.0
  • Unit Two: Below Grade Finished Area: 1082.0
  • Unit Two: Dishwasher: true
  • Unit Two: Kitchen: true
  • Unit Two: Living Room: true
  • Unit Two: Unit Type: 2 Bedroom
  • Unit Two: WasherDryer Hookups: true
Unit Three
  • Unit Three: Actual Rent: 0.0
Unit Four
  • Unit Four: Actual Rent: 0.0

Property History for 7 Ratcale Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7 Ratcale Lane

Taxable ValueLand$44,975Additions$119,394Total$164,369
Tax Record2023$2,293 ($191 / month)
Home Facts
Beds4Baths2Total Finished SqFt2,310 SqFtAbove Grade Finished SqFt2,310 SqFtStories1Lot Size12,632 SqFtStyleSingle Family ResidenceYear Built1985ZoningRU-5(2)CountyDURHAMAPN104572

Schools near 7 Ratcale Lane

This home is within Durham Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Morehead Montessori
PublicPK to 5

Brogden Middle
Public6 to 8

Riverside High School
Public9 to 12

Durham School Of The Arts
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mallard Realty Group

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