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212 Epperson Dr, Durham, NC 27712
At $159,000, this deal is priced roughly $119K under the sold comp average in the immediate area — a massive spread for a 2 bed/1 bath home sitting on nearly a half acre in North Durham. The property will be vacant at closing despite current occupancy, eliminating any eviction risk or holding delay for the buyer. North Durham offers easy access to Duke University, downtown Durham, and Research Triangle Park, all of which continue to drive housing demand in this submarket. With city water and septic (no HOA), this is a straightforward acquisition for a flip or rental hold.
Comp Average: ~$278,000 (~$237/sq ft)
Our Price: $159,000 ($142/sq ft)
Your Spread: ~$119,000
DETAILS
Type: Single Family
Bedrooms / Baths: 2 bed / 1 bath
Living Area: 1,116 sq ft
Year Built: 1961
Lot Size: 0.49 acres (21,344 sq ft)
Zoning: RR
Utilities: City Water & Septic
Occupancy at Closing: Occupied now — WILL BE vacant at closing
Closing Date: 09/18/26
Closing Attorney: Atlas Orange
Tax Value: $211,855
Parcel ID: 188358
Annual Taxes: $1,646
COMPARABLE SALES
720 Harold Dr, Durham, NC 27712 — 1,158 sq ft — $268,000 ($231/sq ft) — Sold 05/22/26
720 Jonquil St, Durham, NC 27712 — 1,077 sq ft — $295,000 ($274/sq ft) — Sold 06/30/26
6423 Whitt Rd, Durham, NC 27712 — 1,314 sq ft — $271,000 ($206/sq ft) — Sold
Excluded reference: 732 Mason Rd, Durham, NC 27712 — 1,185 sq ft — $390,000 ($329/sq ft) — Sold, but sitting on 5+ acres. Value is land-driven, not comparable to a 0.49-acre lot; excluded from average.
Pending reference: 7518 Russell Rd, Durham, NC 27712 — 1,156 sq ft — $320,000 ($277/sq ft) — Pending, over 6 acres. Excluded from average (not yet sold, and acreage skews value).
Comp Average: ~$278,000 (~$237/sq ft)
Our Price: $159,000 ($142/sq ft)
Your Spread: ~$119,000
This is a flipper’s deal first — the spread to comp average leaves substantial room for rehab and margin. It also works as a hold, with an 11.7% gross yield at asking well above typical stabilized rental returns in this ZIP.
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal
Closing will occur as quickly as possible, but no longer than 30 calendar days
Buyer pays all closing costs — closing costs are NOT included in the asking price
Taxes will be prorated and split between parties
$495 transaction fee payable to Bright Home Offer LLC
Closing will be conducted with our closing attorney
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing
No clean-out or clean-up of any kind will be completed
Property will not be broom clean at closing
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
Negotiate your commission/fee directly with your client, separate from the wholesale price, or
Adjust the wholesale price upward to include your fee
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.