2727 & 2729 Broad St, Durham

Property Description

This sale comes with issued building permits. This subdivision has been approved and is ready to convey. The property has access to City water and sewer at the street, along with natural gas. The floor plans are in the process of being designed and engineered for construction, and will convey with the sale. 

This is a small lot attached house (effectively a 2 unit townhome). Please note; Durham does not require an HOA for these homes! Only a maintenance and party wall agreement needs to be established, which I have covered. 

This is a well established area that blends Urban and Suburban Durham. These lots sit on the corner of Broad St and Wisteria Ave. 

Below is the current version of the plot plan

Floor Plans

This attached house concept incorporates much of the feeback buyers have been giving, and lives much larger than a typical 1200 sq ft house. This floor plan incorporates the following features:

• Primary suite on the main level (this has been a huge request lately). Primary bed is huge at 12 x 13.5 

• 3 full bedrooms (beds 2 and 3 are sufficient in size, at roughly 10x10 each

• Bathroom for beds 2 and 3 has a double vanity

• Full size laundry room

• A mechanical room on the second floor for your air handler and duct routing (open web trusses to be used on 2nd floor framing)

• Large walk in storage room on the second floor

• Stairs up to a semi-floored attic space for tons more storage

• The peninusla is 10' wide. This is plenty adequate for 4 people to eat together side-by-side, which makes a dining room table optional. Many current buyers of small lot homes are not using dining room tables, but eating in the kitchen. This floor plan accommodates that sufficiently

Comparable Sales

As far as new home sales are concerned, we have 4 very close to this property. Goldleaf Ventures and I each built a pair of small lot houses around the corner on Ashley St. You can see the sales data here. I built the two at 2704 A & B Ashley St, Goldleaf Ventures built the two at 2708 Ashley St A & B. 

Considering the first floor primary, fenced back yard idea and unfinished storage area of these homes, I would expect their pricing to be closer to $400,000 per side. I anticipate $385,000 to $400,000 per unit. 

Ask Price

Ask price is $150,000 for the pair (equals $75,000 per lot) OBO. Engineered floor plans will come with the sale and we can also negotiate building permits if desired. 

Interested?