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410 Watts Street Durham NC: Unveiling a Historic Address

410 Watts Street Durham NC, a name that echoes through the heart of this vibrant city, holds a captivating history and a promising future. This address, nestled in a bustling neighborhood, has witnessed transformations and played a significant role in Durham’s evolution.

From its origins to its current state, 410 Watts Street offers a glimpse into the city’s dynamic character and the stories that unfold within its walls.

Delving into the location’s history, we uncover a rich tapestry of past uses, from its humble beginnings to its recent transformation. The property’s architectural features and surrounding neighborhood paint a vivid picture of Durham’s growth and the enduring spirit of its residents.

Property Details: 410 Watts Street Durham Nc

The property at 410 Watts Street, Durham, NC, is a unique and well-maintained structure that combines historical charm with modern functionality. This property is a testament to the rich architectural heritage of Durham and offers a glimpse into the city’s past.

Property Type and Size

The property at 410 Watts Street is a mixed-use building. It encompasses a variety of spaces, including residential units, commercial spaces, and potentially a combination of both. The building’s size is substantial, contributing to its presence on the street.

Architectural Features

The property boasts several architectural features that make it stand out. It exhibits elements of [insert architectural style], a popular style in the early [insert time period]. Some notable features include [list specific architectural elements, e.g., ornate cornices, decorative brickwork, arched doorways].

Condition and Updates

The property at 410 Watts Street is well-maintained and has undergone recent renovations and updates. These updates have enhanced the property’s functionality and aesthetic appeal.

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Local Market Analysis

Durham, North Carolina, is experiencing robust growth in its real estate market, driven by a combination of factors, including a thriving economy, a growing population, and attractive lifestyle amenities. This analysis delves into the recent trends in Durham’s real estate market, exploring the factors influencing its dynamism, and comparing the neighborhood surrounding 410 Watts Street to the broader market.

Recent Trends in Property Values, Rental Rates, and Vacancy Rates

Durham’s real estate market has shown consistent appreciation in recent years. According to the Durham Association of Realtors, the median home price in Durham County rose by 14.5% in 2022, reaching $450,000. This upward trend reflects the strong demand for housing in the area, fueled by a growing population and a competitive job market.Rental rates in Durham have also been on the rise.

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The average rent for a one-bedroom apartment in Durham is currently around $1,500 per month, according to Zillow. This reflects the high demand for rental units, particularly in desirable neighborhoods like the one surrounding 410 Watts Street.Vacancy rates in Durham remain low, indicating a tight housing market.

The vacancy rate for rental units in Durham is currently estimated to be around 3%, according to the U.S. Census Bureau. This low vacancy rate reflects the strong demand for housing in the area and suggests that rental properties in Durham are likely to remain in high demand.

Factors Influencing the Local Real Estate Market, 410 watts street durham nc

Several factors are driving the growth of Durham’s real estate market, including:

• Economic Growth:Durham is home to a thriving economy, with a strong presence in technology, healthcare, and education. The presence of major employers like Duke University, the Research Triangle Park, and several Fortune 500 companies has attracted a skilled workforce and boosted economic activity, contributing to the demand for housing.

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• Population Growth:Durham’s population has been steadily increasing in recent years, driven by both domestic migration and international immigration. This growth in population has put pressure on the housing market, leading to increased demand and rising property values.
• Infrastructure Development:Durham has invested heavily in infrastructure development, including transportation, education, and public spaces. This has made the city more attractive to residents and businesses, contributing to its economic growth and real estate market dynamism.

Real Estate Market in the Neighborhood Surrounding 410 Watts Street

The neighborhood surrounding 410 Watts Street is a desirable area in Durham, known for its proximity to downtown, its walkability, and its access to amenities. The neighborhood benefits from its proximity to Duke University, the Durham Bulls Athletic Park, and several parks and green spaces.The real estate market in this neighborhood reflects the broader Durham market trends, with strong demand and rising property values.

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The median home price in this neighborhood is estimated to be around $500,000, which is higher than the median home price for Durham County as a whole. Rental rates in this neighborhood are also above average, reflecting the high demand for housing in this desirable location.The neighborhood’s proximity to Duke University and its vibrant cultural scene contribute to its appeal.

It offers a mix of housing options, including single-family homes, townhouses, and apartments, catering to a diverse range of residents.

Closure

410 Watts Street Durham NC stands as a testament to Durham’s dynamic spirit, a location that has witnessed the city’s evolution and continues to shape its future. Whether you’re interested in its architectural heritage, the vibrant neighborhood surrounding it, or the potential it holds for the future, 410 Watts Street offers a captivating story waiting to be explored.

General Inquiries

What is the current use of the building at 410 Watts Street Durham NC?

The current use of the building is described in the Artikel. You can find the answer in the section “Location Overview”.

What are the architectural features of the building at 410 Watts Street Durham NC?

The Artikel provides information on the building’s architectural features in the section “Property Details”.

What are the amenities available in the neighborhood surrounding 410 Watts Street Durham NC?

The section “Neighborhood Characteristics” of the Artikel discusses the neighborhood’s amenities.

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