403 Phar Lap Ln, Bahama, NC 27503 Property Records

Durham County property record for 403 Phar Lap Ln, Bahama, NC 27503

Property Summary

Property Type	Single Family Home
Details	4 bd · 4 ba · 4,681 sqft · built 1989
Lot Size	1.14 acres (49,658 sqft)
Owner	2 Individual Names on File
Last Sale	$297,328 (Aug 2015)
Tax Bill	$5,392 (2026)
Deeds & Mortgages	Mar 2023 Line of Credit Jan 2022 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`0838-02-8095`

Property Details

APN / Parcel Number

Primary APN	`0838-02-8095`
Alternative APNs	`0838-02-80-9531` `083803029007` `190402`

Interior

Bedrooms	4 Beds
Full Baths	4 Baths
Total Rooms	9 Rooms
Stories	2 Stories
Building Area	4,681 sqft Heated Area
1st Floor Area	1,721 sqft
Basement Area	1,287 sqft
Unfinished Basement	1,287 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1989
Effective Year Built	Effective 1989
Architectural Style	Conventional
Exterior Material	Brick Veneer
Construction Type	Wood
Roof Material	Asphalt
Lot Area	49,658 sqft (1.14 acres)
Garage Type	Attached
Garage Area	650 sqft
Parking Spaces	2 Parking Spaces
Porch	Porch
Porch Area	40 sqft
Patio Area	412 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Heat Pump
Sewer	Municipal

Location & Zoning

Street Address	403 PHAR LAP LN
City	BAHAMA
State	NC
Zip	27503-9659
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	RR
Legal Description	BLACK HORSE RUN/PH:07/LT# 142 PL:000127-000195
Legal Subdivision	BLACK HORSE RUN
Legal Phase	7
Legal Lot Number	142
Jurisdiction	DURHAM NC
Township / Civil Division	MANGUM
Census Block Group	2
Census Block	2010
Census Tract	2100

Owner

403 Phar Lap Ln is owned and occupied by two individuals who bought it in August 2015.

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

Owner of Record	2 Individual Names on File
Mailing Address	403 PHAR LAP LN, BAHAMA, NC 27503-9659
Occupancy	Owner Occupied
Owner Type	Individual

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

Date	Document
Mar 31, 2023	Deed of Trust, Mortgage · Line of Credit SOUTH STATE BANK NA
Jan 3, 2022	Deed of Trust, Mortgage · Conventional Mortgage HOMESTEAD FUNDING CORP

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Aug 26, 2015 · Amount on File
Deed Sale	Aug 26, 2015 · Amount on File
Prior Sale	Feb 28, 2007 · Amount on File
Deed Document Number	201528477
Deed Book / Page	7774 / 27
Prior Transfer Date	Aug 21, 2015
Prior Transfer Doc	0077740027
Record Updated	Oct 29, 2026

March 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DURHAM NC
Property Address	403 PHAR LAP LN, BAHAMA, NC 27503-9659
Transaction Type	Mortgage
Record Updated	Apr 7, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	403 PHAR LAP LN, BAHAMA, NC 27503-9659

Mortgage

Document Number	0098890358
Date	Mar 31, 2023
Book Page	9889/358
Instrument	2023056838

Lender

Name	SOUTH STATE BANK NA
Type	Bank
Address	WINTER HAVEN, FL 33880

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	120 Months
Due	Mar 20, 2033

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

January 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DURHAM NC
Property Address	403 PHAR LAP LN, BAHAMA, NC 27503-9659
Transaction Type	Mortgage
Record Updated	Aug 22, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0095790001
Date	Jan 3, 2022
Book Page	9579/1
Instrument	2022000096

Lender

Name	HOMESTEAD FUNDING CORP
Type	Mortgage Company
Address	ALBANY, NY 12205

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Feb 1, 2052

Tax Assessment & Valuation

The 2026 property tax bill for 403 Phar Lap Ln was $5,392, up 3.7% from the year before.

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

Property Jurisdictions

Type	Name
State	North Carolina
County	Durham County
Unified School District	Durham Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$5,392.00 (+3.69%)	$751,352 (-) Land $88,808 Building $662,544	$751,352 (-) Land $88,808 Building $662,544
2025	$5,200.00	$751,352 Land $88,808 Building $662,544	$751,352 Land $88,808 Building $662,544
2023	$3,950.00 (+4.36%)	$429,310 Land $39,991 Building $389,319	$429,310 Land $39,991 Building $389,319
2022	$3,785.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 403 Phar Lap Ln in Zone X, an area of minimal flood risk, though there have been 2 flood claims nearby since 2018.

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

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 8 (10% premium discount)
Nearby Flood Policies	1 in force
Nearby Flood Claims	2 (2018–2024)
Claims Outside the SFHA	2 of 2
Most Recent Claim	Jan 2024 · rainfall accumulation

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

Wildfire risk around 403 Phar Lap Ln is low, with a 0.01% annual chance of wildfire.

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

Wildfire Risk	Low lower than 80% of the US · lower than 76% of North Carolina
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

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

Internet Providers

Source: FCC Broadband Data Collection, based on 84 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Frontier Fiber	7,000 / 7,000
Spectrum Cable	1,000 / 1,000
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

Cell Coverage

5G (outdoors only) and 4G LTE

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