1001 Masters Place Way, Durham, NC, 27703
About This Home
This is a beautiful ranch home located in the Falls Village 55+ community. 2 Bedrooms 2 bath with an office. Gourmet kitchen upgrade with soft close doors and drawers in the kitchen, trash pullout and spice pullout. HOA includes lawn care and cable. Close to Hwy 70 and Brier Creek Seller is purchasing a home and will need to close before giving up possession.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2024
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Built-In Electric Oven,Built-In Gas Range,Built-In Range,Convection Oven,Dishwasher,Electric Oven,Gas Water Heater,Microwave,Plumbed For Ice Maker,Range Hood
- Laundry features: Electric Dryer Hookup,Laundry Room,Main Level,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet,Vinyl,Tile
- Finished area below ground: 0
- Finished area above ground: 1,776
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 1,776
- Total interior livable area: 1,776 sqft
Property
Details
- Parcel number: 391
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Exterior features: Rain Gutters
- Fencing: None
- Has view: Yes
Lot
- Lot size: 5,662 sqft
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Tornado
- Hail
- Hurricane
- Heat Wave
- Ice Storm
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Durham County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,401 | $28,812 |
| Home Insurance * | $149 | $1,788 |
| Property Taxes | $341 | $4,092 |
| Electricity | $200 | $2,405 |
| Total | $3,091 | $37,092 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-02 | Listed for sale | $475,000 |
| 2026-01-01 | Listing removed | $465,000 |
| 2025-10-07 | Price change | $465,000 |
| 2025-09-10 | Listed for sale | $475,000 |
| 2024-08-27 | Sold | $404,000 |
View on Zillow