1502 Duke University Rd, Durham, NC 27701 Property Records

Durham County property record for 1502 Duke University Rd, Durham, NC 27701

Property Summary

Property TypeGarden / Court Apartments (5+ Units)
Details11,070 sqft · built 1938
Lot Size4.24 acres (184,694 sqft)
Owner2 Company Names on File
Last Sale$53,850,000 (Dec 2021)
Tax Bill$126,196 (2026)
Deeds & MortgagesDec 2021 Sale & Mortgage
Jul 2021 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN0821-27-9981

Property Details

APN / Parcel Number

Primary APN0821-27-9981
Alternative APNs
  • 0821-27-99-8157
  • 082106370920
  • 113654

Interior

Stories1 Story
Building Area11,070 sqft Heated Area
1st Floor Area5,298 sqft

Exterior

Year BuiltBuilt 1938
Effective Year BuiltEffective 1938
Exterior MaterialBrick Veneer
Lot Area184,694 sqft (4.24 acres)

Utilities, Heating & Cooling

Cooling SystemHVAC
Heating SystemHVAC
SewerMunicipal

Location & Zoning

Street Address1502 DUKE UNIVERSITY RD
CityDURHAM
StateNC
Zip27701
Property CategoryCommercial
Property TypeResidential > Multi-Unit > Garden / Court Apartments (5+ Units)
Local Zoning CodeRU-M
Legal DescriptionPROP-UNIVERSITY ASSOCIATE S DBA/UNIVERSITY APTS PL:000000-000000
JurisdictionDURHAM NC
Township / Civil DivisionDURHAM
Census Block Group2
Census Block2016
Census Tract500

Owner

1502 Duke University Rd, a residential property, is owned by a company that bought it in December 2021.

Source: Durham County records, as of October 20, 2026

Owner of Record2 Company Names on File
Mailing Address300 FRANK W BURR BLVD, 68, TEANECK, NJ 07666-6703
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Dec 29, 2021Special Warranty Deed, Transfer · Commercial Mortgage
ARBOR REALTY SR INC
Jul 14, 2021Special Warranty Deed, Transfer · Commercial Mortgage
GREYSTONE SERVICING COMPANY LLC

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleDec 29, 2021 · Amount on File
Deed SaleDec 29, 2021 · Amount on File
Prior SaleJul 14, 2021 · Amount on File
Deed Document Number202166103
Deed Book / Page9575 / 462
Prior Transfer DateDec 22, 2021
Prior Transfer Doc0095750462
Record UpdatedOct 29, 2026

December 2021: Special Warranty Deed, Transfer

Document TypeSpecial Warranty Deed
JurisdictionDURHAM NC
Recording DateDec 29, 2021
Property Address1502 DUKE UNIVERSITY RD, DURHAM, NC 27701
Document Number0095750462
Book / Page9575 / 462
Instrument DateDec 22, 2021
Instrument2021066103
Transaction TypeTransfer
Record UpdatedOct 31, 2023
Title CompanyMADISON TITLE AGENCY LLC

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$0.00
Amount AccuracyLimited Transfer Tax Data
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name
Address912 MANHATTAN AVE # AVEC4, AVEC4, MANHATTAN BEACH, CA 90266-5539

Transferred To (Grantee/Buyer)

NameVerified Name
Address300 FRANK W BURR BLVD STE 68, 68, TEANECK, NJ 07666-6703
InvestorPossibly a Property Investor

Mortgage

Document Number2021066104
DateDec 29, 2021
Instrument2021066104
Lender
NameARBOR REALTY SR INC
TypeNon-Lending Institution
Agreement
TypeCommercial Mortgage
AmountAmount on Record
Term36 Months
DueDec 21, 2024

July 2021: Special Warranty Deed, Transfer

Document TypeSpecial Warranty Deed
JurisdictionDURHAM NC
Recording DateJul 14, 2021
Property Address1502 DUKE UNIVERSITY RD, DURHAM, NC 27701
Document Number0093950511
Book / Page9395 / 511
Instrument DateJul 14, 2021
Instrument2021035545
Transaction TypeTransfer
Record UpdatedOct 31, 2023

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$84,800.00
Amount AccuracyRounded by County
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name
Address402 OFFICE PARK DR # DR150, DR150, MOUNTAIN BRK, AL 35223-2417

Transferred To (Grantee/Buyer)

NameVerified Name
Address912 MANHATTAN AVE # C4, C4, MANHATTAN BEACH, CA 90266-5539
InvestorPossibly a Property Investor

Mortgage

Document Number2021035546
DateJul 14, 2021
Instrument2021035546
Lender
NameGREYSTONE SERVICING COMPANY LLC
TypeNon-Lending Institution
Agreement
TypeCommercial Mortgage
AmountAmount on Record

Tax Assessment & Valuation

The 2026 property tax bill for 1502 Duke University Rd was $126,196, down 23.3% from the year before.

Source: Durham County assessment roll, as of September 17, 2026

Property Jurisdictions

TypeName
StateNorth Carolina
CountyDurham County
MunicipalityDurham City
Unified School DistrictDurham Public Schools (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$126,196.00 (-23.34%)$16,607,133 (-) Land $5,700,000 Building $10,907,133$16,607,133 (-) Land $5,700,000 Building $10,907,133
2025$164,626.00$16,607,133 Land $5,700,000 Building $10,907,133$16,607,133 Land $5,700,000 Building $10,907,133
2023$104,388.00 (+2.34%)$7,969,212 Land $1,425,000 Building $6,544,212$7,969,212 Land $1,425,000 Building $6,544,212
2022$101,997.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 1502 Duke University Rd in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 21, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 7 (15% premium discount)
Nearby Flood Policies2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 1502 Duke University Rd has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITY OF DURHAM
serves 333,490 people · EPA ID NC0332010
Water SourceSurface water
Last State InspectionMar 2026
LeadUnder 1 ppb (2023–2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 91 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Google Fiber
Fiber
8,000 / 8,000
Frontier
Fiber
7,000 / 7,000
AT&T
Fiber
5,000 / 5,000
Spectrum
Cable · Fiber in parts of the area
1,000 / 1,000
Verizon
Fixed Wireless
1,000 / 75
T-Mobile
Fixed Wireless
100 / 20

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