This charming 3-bed 2-bath home in the desirable Parkwood neighborhood offers a tastefully updated interior, a spacious backyard, and a location that's hard to beat! Inside you'll find an abundance of character. A welcoming entryway leads to comfortable living spaces and a functional kitchen. The spacious family room receives ample natural light and features built-in cabinetry. The formal dining room provides a wonderful space for gathering, with a bright window overlooking the impressive backyard. The kitchen offers excellent functionality and features stainless steel appliances. Upstairs, three bedrooms provide privacy and comfort. Both full bathrooms have been beautifully remodeled, and the doors and windows have also been recently updated. Outside, the expansive fenced-in backyard offers plenty of room to garden, play, and entertain. With Parkwood Lake right across the street, approximately 100 acres of shared park space, playgrounds, and trails nearby, plus convenient access to RTP and RDU, this Parkwood gem has it all. Photos are virtually staged.
Parkwood, located between Research Triangle Park and Southpoint, is a mid-century and wooded Durham neighborhood with curving streets and a community pool. The neighborhood’s character concentrates around Parkwood United Methodist Church and the Parkwood Volunteer Fire Department, where a low-key civic hub meets tall pines and sidewalks. Brick ranches and split-levels sit on generous lots, with a street pattern that favors walks and bike loops over through-traffic. Parkwood Lake Park adds a small, reflective green edge for picnics and dog walks. Nearby, Boxyard RTP, The Glass Jug Beer Lab (RTP), and Carolina Theatre of Durham serve as cultural touchpoints for food, drinks, and live programming.
Provided by Walk Score and Local Logic
Offer insights
5502 Pelham Rd · $425,000
$427K and above
75% chance or better to win
Why $427K+ is a strong offer
DAYS ON MARKET
8 days
The average home goes pending in 44 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Beamed ceilings
Ceiling fans
Double vanity
High-speed internet
Pantry
Smooth ceilings
Double-pane, insulated windows
Family-room fireplace with screen and wood-burning feature
Bedrooms
3 bedrooms
Bathrooms
2 full bathrooms
Kitchen
Convection oven
Cooktop
Dishwasher
Disposal
Exhaust fan
Free-standing gas range
Free-standing refrigerator
Freezer
Gas cooktop
Gas oven
Gas range
Ice maker
Microwave
Stainless steel appliances
Laundry & utility
Washer and dryer
Laundry in hall
Flooring
Laminate
Luxury vinyl
Tile
Heating & cooling
Central, forced-air, natural gas, zoned heating
Central, zoned cooling
Ceiling fans
Exhaust fan
Exterior features
Front porch
Patio
Fenced private backyard
Garden
Fire pit
Outdoor lighting
Rain barrel/cistern
Rain gutters
Cleared vegetation
Home design
Two stories
Parking
Attached front-facing garage with 1 space
4 open parking spaces
Concrete driveway
Construction
Brick and brick veneer construction
Architectural shingle roof
Utilities
Public water
Public sewer
Cable, electricity, natural gas, sewer, and water connected
HOA & community
Parkwood Association
Annual association fee: $290
Community amenities include fishing, a lake, park, playground, pool, sidewalks, and street lights
Electricity and solar
View estimated energy costs and solar savings for this home
MULTIPLE OFFERS. A must see! Located in Southwest Durham’s beloved Parkwood neighborhood near the lake this beautiful 3 bedroom 2 bath home with family room/den and wood burning fireplace and NEW HVAC is a perfect find. Conveniently located near shopping, restaurants, downtown Durham and Chapel Hill this home has easy access to I-40, I-540, Durham Freeway and 54/55 so come take a look! Showings begin Friday 9/23 @ 8am.
TMLS #1875808
Apr 19, 2013
Sold
$129,000
$82/sq ft
Mar 1, 2013
Contingent
—
Feb 25, 2013
Listed
$129,900
$82/sq ft
+13
PRICED TO MOVE!!!!!!!!!With a little TLC this house will make a great home in PARKWOOD. One of south Durham great locations. Easy access to highway 40,South Point Mall, dinning , shopping and much much more. Corner lot, across the street from the lake, easy walk to the elementary school. All this, at this steal of a deal price.
TMLS #1767601
Sep 1, 2011
Listing Removed
—
Feb 9, 2011
Listed
$150,000
$95/sq ft
TMLS #922886
Sep 18, 2007
Listing Removed
—
Apr 2, 2007
Listed
$164,900
$104/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,824 (+45.0%)
$138,000 + $247,766
$385,766
2024
$2,637 (+6.5%)
$138,000 + $247,766
$385,766
2023
$2,477 (+2.3%)
$41,430 + $147,639
$189,069
2022
$2,420 (+0.5%)
$41,430 + $147,639
$189,069
2021
$2,409 (+2.4%)
$41,430 + $147,639
$189,069
2020
$2,352
$41,430 + $147,639
$189,069
2019
$2,352 (+12.9%)
$41,430 + $147,639
$189,069
2018
$2,084 (+0.7%)
$31,072 + $122,559
$153,631
2017
$2,069 (+3.5%)
$31,072 + $122,559
$153,631
2016
$1,998 (−4.6%)
$31,072 + $122,559
$153,631
2014
$2,095 (+3.2%)
$34,787 + $116,565
$151,352
2013
$2,031 (+2.3%)
$34,787 + $116,565
$151,352
2012
$1,986 (+0.7%)
$34,787 + $116,565
$151,352
2011
$1,973
$34,787 + $116,565
$151,352
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.38 Acres
Year renovated
—
Finished Sq. Ft.
1,600
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,600
Year built
1971
Style
Single Family Residential
County
Durham County
APN
153753
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 1, 2026.
RS-10
F/J-B
Residential Suburban Districts
The RS Districts are established to provide for orderly suburban residential development and redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the suburban neighborhood. Multifamily development is permitted in areas designated RS-M, which should have convenient access to arterial streets and nearby civic, commercial or employment uses.
Zone overlays
Watershed Protection Overlay - Falls/Jordan District B
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Dec 8, 2017 • Final
Mechanical
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Durham, NC • 27713
Average low and high temperatures (°F)
49
29
55
35
70
45
78
54
80
59
90
69
91
73
82
67
81
62
72
51
66
44
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5502 Pelham Rd
$424,787
$213 under list price of $425K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $327K to $520K.