Score
0Durham, NC
2205 Collier Rd
312K
3 beds
2 baths
1,330 sqft
3 bd • 2 ba • 1,330 sf
This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$312,000
Price/Sq.Ft
$235
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Affordable Price Point: With a price of $312,000, this property falls within an accessible range for many first-time homebuyers or investors in Durham's competitive market. The median household income in Durham is $61,923, making this property potentially affordable for households earning around the median income.
• Rental Income Potential: The estimated rental rate for a 3-bedroom property in Durham is $1,710 per month. This can provide a steady stream of income for investors or homeowners looking to offset mortgage costs.
• Manageable Square Footage: At 1,330 sq ft, the property offers a comfortable living space without being excessively large. This can result in lower utility bills and maintenance costs compared to larger homes.
• Convenient Location: Located on Collier Rd, the property likely offers convenient access to Durham's amenities, employment centers, and cultural attractions. Durham is part of the Research Triangle, known for its universities and tech companies.
The Bad
• Unknown Year Built: The listing's omission of the year built raises concerns about the property's age and potential maintenance needs. Older homes typically require more frequent and costly repairs.
• Lack of Property Features: The absence of listed features makes it difficult to assess the home's value and compare it to similar properties in the area. Key details about the home's condition and amenities are missing.
• No Property Description: The lack of a property description further limits the available information, making it challenging to understand the home's layout, upgrades, and overall appeal.
• No Utility Information: The absence of utility information makes it difficult to estimate monthly expenses. Utility costs can significantly impact affordability and should be factored into the buying decision.
The Ugly
• Potential for Hidden Issues: The unknown build year and lack of property details suggest a higher risk of hidden problems, such as structural issues, outdated systems, or pest infestations. These issues can lead to unexpected and costly repairs.
• High Renovation Costs: Depending on the home's age and condition, significant renovations may be necessary to bring it up to modern standards. These renovations can quickly escalate costs and disrupt living arrangements.
• Insurance Risks: Durham's location exposes it to hurricane and flood risks, potentially leading to higher insurance premiums. Properties in flood zones may require additional flood insurance, further increasing costs.
• Property Tax Increases: Durham's property taxes may increase over time, impacting the overall cost of ownership. Unforeseen tax hikes can strain household budgets and affect long-term affordability.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• First-time homebuyers seeking an affordable entry point into the Durham market. The property's price point aligns with the lower end of the market, making it accessible for those with limited budgets.
• Individuals or small families prioritizing a functional layout over extensive living space. The 1,330 sq ft provides a manageable living area with essential amenities.
• Buyers interested in rental income potential. The property can be rented out for approximately $1,710 per month, offering a potential return on investment.
• Buyers who value proximity to Durham's urban core. Collier Rd offers convenient access to city amenities, employment centers, and cultural attractions.
Not For
• Buyers seeking large square footage or extensive property features. The 1,330 sq ft may be insufficient for larger families or those desiring ample space.
• Individuals prioritizing a modern, updated home. The unknown build year suggests potential for outdated systems and design elements.
• Buyers averse to potential maintenance or renovation projects. The lack of property details necessitates thorough inspections, which may reveal the need for repairs or upgrades.
• Those seeking guaranteed low monthly expenses. Property taxes, insurance, and potential maintenance costs can fluctuate, impacting overall affordability.
Demographics
Area Median Income
$61,923
Property History
Price History
Ownership Timeline
$312,000Financed
Apr 28, 2022Abiel LlcNatalie Hatter, Kora Mcclain Gonzalez
Warranty Deed
Standard Sale (Purchase/Resales)
$170,000Financed
Jan 3, 2022Phyllis Toppin, Phyllis Toppin MeltonAbiel Llc
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.0/10
Below AverageMiddle
4.0/10
AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,160
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$312,000
Price/sqft
$235
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$297,500
4.9%
Your price is 4.9% above average
Median Price
$275,000
13.5%
Based on 6 recent sales
Price per Sq.Ft
$229
2.4%
Your price is 2.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1537 Pomona Drive, Durham, NC 27707 | $240,000 | 1,172 | 3 | 2 | $20512.7% | 10/19/2024 |
| 507 Sparella Street, Durham, NC 27703 | $275,000 | 1,120 | 3 | 2 | $2464.7% | 10/2/2024 |
| 1228 Lakeland Street, Durham, NC 27701 | $250,000 | 1,091 | 3 | 2 | $2292.3% | 10/8/2024 |
| 1917 Edgerton Drive, Durham, NC 27703 | $420,000 | 1,579 | 3 | 2 | $26613.4% | 9/5/2024 |
| 1805 Pritchard Place, Durham, NC 27707 | $227,500 | 1,215 | 3 | 1 | $18720.2% | 11/1/2024 |
| 1111 Compass Drive, Durham, NC 27713 | $372,500 | 1,560 | 3 | 3 | $2391.8% | 9/4/2024 |
1537 Pomona Drive, Durham, NC 27707
Price: $240,000
Sq.Ft: 1,172
Beds/Baths: 3/2
$/Sq.Ft:
$20512.7%
Sale Date: 10/19/2024
507 Sparella Street, Durham, NC 27703
Price: $275,000
Sq.Ft: 1,120
Beds/Baths: 3/2
$/Sq.Ft:
$2464.7%
Sale Date: 10/2/2024
1228 Lakeland Street, Durham, NC 27701
Price: $250,000
Sq.Ft: 1,091
Beds/Baths: 3/2
$/Sq.Ft:
$2292.3%
Sale Date: 10/8/2024
1917 Edgerton Drive, Durham, NC 27703
Price: $420,000
Sq.Ft: 1,579
Beds/Baths: 3/2
$/Sq.Ft:
$26613.4%
Sale Date: 9/5/2024
1805 Pritchard Place, Durham, NC 27707
Price: $227,500
Sq.Ft: 1,215
Beds/Baths: 3/1
$/Sq.Ft:
$18720.2%
Sale Date: 11/1/2024
1111 Compass Drive, Durham, NC 27713
Price: $372,500
Sq.Ft: 1,560
Beds/Baths: 3/3
$/Sq.Ft:
$2391.8%
Sale Date: 9/4/2024
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