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$450,000

Listing Price

2beds

2baths

906sqft

5,227sqft lot

429 Lakeland St, Durham, NC 27701

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

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For Sale

Off Market

Single Family

Home type

496.69

Price / sqft

1910

Year built

Home Details

Major Opportunity Alert for Builders, Developers & Investors in Durham's Federal Opportunity ZonenUnlock rare potential with two adjoining parcels at 430 Sowell Street (MLS #10127865) and 429 Lakeland Street, Zoning RU-5(2), nestled in the heart of Durham's most rapidly transforming neighborhood. Together, they present a prime redevelopment opportunity within a Federal Opportunity Zone, offering unbeatable positioning, flexibility, and growth potential.nThese adjoining properties, covering a corner-to-corner section, of a city block, lie in Durham's Urban Tier, qualifying for the Small Lot Option under city zoning, ideal for infill construction, small-lot single-family homes, townhouses, or a creative clustered site plan. With existing curb cuts, utilities at the street, and New Construction homes already completed next door and just 300 yards away, the comparables and momentum are strong. Verify options with Durham Planning Dept. nStrategically located on the R. Kelly Bryant Bridge Trail, directly across from Burton Magnet Elementary School, and minutes from Downtown Durham, NCCU, and major redevelopment corridors-this area embodies the next wave of growth and community revitalization.nEndless potential awaits: Redevelop, build out a multi-home collection, or update the existing residence for cash flow while finalizing plans.nThis pairing, 430 Sowell (MLS #10127865) + 429 Lakeland, represents a turnkey entry point for small to mid-size builders and investors seeking immediat

Interior Details

Square Feet
  • 906

Bedrooms
  • 2

Bathrooms
  • 2

Heating
  • Has Heating:

    No

  • Heating Type:

    None

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    No Basement

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 5227

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Ranch

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$716

$22,320

$35,295

--%

$57,615

2019

$716

$22,320

$35,295

--%

$57,615

2018

$434

$13,950

$18,044

--%

$31,994

2017

$430

$13,950

$18,044

--%

$31,994

2016

$416

$13,950

$18,044

--%

$31,994

2014

$432

$12,248

$18,996

--%

$31,244

2013

$419

$12,248

$18,996

--%

$31,244

2012

$409

$12,248

$18,996

--%

$31,244

percent-home-icon

Average Home Price in 27701

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$128,934

2 Beds

1 Baths

864 Sqft

5,227 Lot (sqft)

Sold 07/22/2026

$200,000

2 Beds

1 Baths

875 Sqft

5,227 Lot (sqft)

Sold 10/13/2026

$450,000

2 Beds

2 Baths

906 Sqft

5,227 Lot (sqft)

Sold 10/27/2026

$490,000

2 Beds

1 Baths

868 Sqft

4,356 Lot (sqft)

Sold 10/27/2026

$248,486

3 Beds

1 Baths

986 Sqft

5,227 Lot (sqft)

Sold 10/27/2026

$159,900

3 Beds

1 Baths

850 Sqft

6,970 Lot (sqft)

Sold 10/27/2026

$345,000

3 Beds

3 Baths

872 Sqft

3,049 Lot (sqft)

Sold 10/26/2026

$150,783

2 Beds

1 Baths

1,004 Sqft

6,534 Lot (sqft)

Sold 10/26/2026

$214,900

2 Beds

1 Baths

795 Sqft

8,276 Lot (sqft)

Sold 09/29/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
450,000
$
Down payment
90,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,700
$
HOA (Monthly)
0
$
PMI
0
$
$2,913
Your Payment
Total Monthly Payment:$2,913
Percent of Income:50%
Affordable:No

Details for 429 LAKELAND ST

Property Debt

Foreclosure Contact Details