Colonial home in Durham, NC
This 1,881-square-foot Colonial home in Durham, NC includes 4 bedrooms and 3 bathrooms. The Colonial styling carries through the home's design.
| Price | $400,000 |
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| Beds | 4 |
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| Baths | 3 |
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| Sqft | 1881 |
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| Architectural style | Colonial (35% match) |
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| Address | 715 Bellmeade Bay Dr, Durham, NC 27703 |
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Why buy this home
- Confirmed Colonial architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced below comparable homes.
- At $400K, this home is 24% below the $525K median for 61 similar Colonial homes in Durham, NC.
- That works out to $213 per square foot, 9% below the $235 comparable rate.
- On the market 29 days.
| This home | $400,000 |
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| Colonial median in Durham, NC | $524,999 (61 homes) |
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| Price per sq ft | $213 vs. $235 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,613/month with 20% down at a 7.28% 30-year fixed rate. You would need about $111,978 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,189/mo |
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| Property tax (new-buyer reassessed rate) | $273/mo |
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| Homeowners insurance | $150/mo |
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| Total monthly | $2,613/mo |
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| Down payment (20%) | $80,000 |
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| Income needed | $111,978/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (62 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (62/100) |
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| Beats renting in | 14% of modeled paths |
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| Modeled 5-yr equity (median) | $187,778 |
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| Range (10th to 90th pct) | $112,478 to $279,140 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Durham, NC where local data is thin.
Local home values
Typical home values in Durham, NC have risen about 21% over the past 5 years (-2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Zillow