501 Willard St, Durham, NC 27701 Property Records

Durham County property record for 501 Willard St, Durham, NC 27701

Property Summary

Property Type	High-Rise Apartments
Details	81,980 sqft · built 2014
Lot Size	2.1 acres (91,476 sqft)
Owner	Company Name on Record
Last Sale	$46,500,000 (Jan 2020)
Tax Bill	$447,162 (2026)
Deeds & Mortgages	Jul 2023 Sale Mar 2020 Construction Loan + 1 more
Flood Zone	Zone X (minimal risk)
APN	`0821-77-5150`

Property Details

APN / Parcel Number

Primary APN	`0821-77-5150`
Alternative APNs	`0821-77-51-5018` `082112776142` `103351`

Interior

Units	343 Units
Stories	1 Story
Building Area	81,980 sqft Heated Area

Exterior

Year Built	Built 2014
Effective Year Built	Effective 2014
Lot Area	91,476 sqft (2.1 acres)

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	HVAC
Sewer	Municipal

Location & Zoning

Street Address	501 WILLARD ST
City	DURHAM
State	NC
Zip	27701-3632
Property Category	Commercial
Property Type	Residential > Multi-Unit > High-Rise Apartments
Local Zoning Code	DD-C
Legal Description	PROP-WHETSTONE LLC DBA/WHETSTONE APARTMENTS PL:000192-000003
Legal Subdivision	PLAT 300 JACKSON STREET & 501 WILLARD ST
Jurisdiction	DURHAM NC
Township / Civil Division	DURHAM
Census Block Group	1
Census Block	1024
Census Tract	700

Owner

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

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	1 POST OFFICE SQ, BOSTON, MA 02109-2106
Owner Type	Company
Vesting	Partnership

Deeds, Mortgages & Sale History

Date	Document
Jul 13, 2023	Agreement of Sale, Transfer
Mar 6, 2020	Deed of Trust, Mortgage · Construction Mortgage INSURANCE STRATEGY FUNDING CORP LLC
Jan 27, 2020	Grant Deed, Transfer COMMONWEALTH LAND TITLE INSURANCE, COMMONWEALTH LAND TITLE INS

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 27, 2020 · Amount on Record
Deed Sale	Jan 27, 2020 · Amount on Record
Prior Sale	May 22, 2015 · Amount on Record
Deed Document Number	20203264
Deed Book / Page	8857 / 4
Record Updated	Oct 29, 2026

July 2023: Agreement of Sale, Transfer

Document Type	Agreement of Sale
Jurisdiction	DURHAM NC
Recording Date	Jul 13, 2023
Property Address	501 WILLARD ST, DURHAM, NC 27701-3274
Document Number	0099500586
Book / Page	9950 / 586
Instrument Date	Apr 10, 2023
Instrument	2023067705
Transaction Type	Transfer
Record Updated	Jul 24, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

March 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DURHAM NC
Property Address	501 WILLARD ST, DURHAM, NC 27701-3274
Transaction Type	Mortgage
Record Updated	Sep 5, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0088890791
Date	Mar 6, 2020
Book Page	8889/791
Instrument	2020008916

Lender

Name	INSURANCE STRATEGY FUNDING CORP LLC
Type	Non-Lending Institution
Address	NEW YORK, NY 10017

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	97 Months
Due	Apr 1, 2028

January 2020: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	DURHAM NC
Recording Date	Jan 27, 2020
Property Address	501 WILLARD ST, DURHAM, NC 27701-3274
Document Number	0088570004
Book / Page	008857 / 000004
Instrument Date	Jan 24, 2020
Instrument	3264
Transaction Type	Transfer
Record Updated	Feb 12, 2020
Title Company	COMMONWEALTH LAND TITLE INSURANCE, COMMONWEALTH LAND TITLE INS

Transaction

Amount	Amount Recorded
Tax	$93,000.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	2 INTERNATIONAL PL BOSTON MA 021104104, BOSTON, MA 02110-4104

Tax Assessment & Valuation

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

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$447,162.00 (-20.86%)	$48,914,325 (-8.13%) Land $7,140,000 Building $41,774,325	$48,914,325 (-8.13%) Land $7,140,000 Building $41,774,325
2025	$565,049.00 (+22.94%)	$53,241,297 (+59.85%) Land $10,200,000 Building $43,041,297	$53,241,297 (+59.85%) Land $10,200,000 Building $43,041,297
2023	$459,614.00 (+2.22%)	$33,307,811 (-) Land $5,100,000 Building $28,207,811	$33,307,811 (-) Land $5,100,000 Building $28,207,811
2022	$449,622.00	$33,307,811 Land $5,100,000 Building $28,207,811	$33,307,811 Land $5,100,000 Building $28,207,811

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

Flood

Source: FEMA National Flood Hazard Layer, effective June 21, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

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

Wildfire Risk	Not 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 System	CITY OF DURHAM serves 333,490 people · EPA ID NC0332010
Water Source	Surface water
Last State Inspection	Mar 2026
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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 95 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	1,000 / 75

May also be available: AT&T, Frontier, Google Fiber, T-Mobile.

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