Offers to be responded to within 24-48 hours. Wonderful investment opportunity. Conveniently located just north of Durham at the corner of 501/Patrick Rd. 3 bed/3 bath traditional style home. Needs updates/repairs. 5+ acres. To be sold in "as-is" condition. Home sits approximately 200 ft off main road.
Single-familyProperty Type
1968Year Built
5.16 acresLot Size
$146Est. Price/Sq.Ft.
Listed by Cathy Johnson• Long & Foster Real Estate INC
Bought with Luis Galdamez• Fathom Realty NC, LLC
Source:TMLS #2341731
Redfin Estimate
$375,231
$223K since sold in June 2025$14K since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 23% lower than the average sale price ($488K) of 6 comparable homes.
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Earn from this home
Sell
$233,608
Est. take-home
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Refinance
$0
Est. cash available
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Rent
$3,205/mo
Redfin rental estimate
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Market trends in 27503, NC
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-list price
98.2%
1.5% MoM
Median sale price
$525K
$154 MoM
Avg. days on market
11d
2 days MoM
Recently sold homes
9
2 MoM
Provided by Redfin
Sale history for 114 Patrick Rd
Date
Event
Price
Public Records
Jun 6, 2025
Sold
$152,000
$59/sq ft
TMLS #2341731
Oct 15, 2020
Sold
$215,000
$84/sq ft
Sep 18, 2020
Pending
—
Sep 8, 2020
Listed
$199,900
$78/sq ft
+6
Offers to be responded to within 24-48 hours. Wonderful investment opportunity. Conveniently located just north of Durham at the corner of 501/Patrick Rd. 3 bed/3 bath traditional style home. Needs updates/repairs. 5+ acres. To be sold in "as-is" condition. Home sits approximately 200 ft off main road.
Year
Property tax
Land + Additions
Assessment*
2025
$2,814 (+9.7%)
$116,560 + $263,306
$379,866
2024
$2,564 (+6.1%)
$116,560 + $263,306
$379,866
2023
$2,416 (+24.3%)
$76,620 + $172,340
$248,960
2022
$1,944 (+15.5%)
$76,620 + $172,340
$248,960
2021
$1,683 (+1.2%)
$76,620 + $172,340
$248,960
2020
$1,663
$76,620 + $172,340
$248,960
2019
$1,663 (+6.3%)
$76,620 + $172,340
$248,960
2018
$1,565 (+1.2%)
$27,455 + $151,022
$178,477
2017
$1,547
$27,455 + $151,022
$178,477
Tax history for 114 Patrick Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,814 (+9.7%)
$116,560 + $263,306
$379,866
2024
$2,564 (+6.1%)
$116,560 + $263,306
$379,866
2023
$2,416 (+24.3%)
$76,620 + $172,340
$248,960
2022
$1,944 (+15.5%)
$76,620 + $172,340
$248,960
2021
$1,683 (+1.2%)
$76,620 + $172,340
$248,960
2020
$1,663
$76,620 + $172,340
$248,960
2019
$1,663 (+6.3%)
$76,620 + $172,340
$248,960
2018
$1,565 (+1.2%)
$27,455 + $151,022
$178,477
2017
$1,547
$27,455 + $151,022
$178,477
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RR
M/LR-A
Residential Rural District
The RR District is established to provide for agricultural activities and residential development on lots of one acre or greater and in conservation subdivisions. Commercial and industrial development is generally prohibited. This district is used to implement the Comprehensive Plan within those areas shown as the Rural Tier. Lands within other Tiers that have existing RR zoning are acknowledged; however, such lands may be rezoned to more intensive zoning districts consistent with the Comprehensive Plan. The regulations of this district are designed to discourage the development of urban services and to encourage the maintenance of an open and rural character.