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1507 Echo Rd, Durham, NC, 27707

2beds
1baths
779sqft
$320,000
$411price/sqft
$2,198/moest. monthly cost
$87,920/yrincome needed

About This Home

Investor alert. Prime opportunity in one of Durham's most desirable locations. This 2-bedroom, 1-bath renovation project is already taken down to the studs with major rough-ins completed -- saving significant time and upfront costs. Foundation work, framing, and key infrastructure improvements are already in place, allowing investors to move straight into the finish phase. Ideal for fix-and-flip, long-term rental, or resale. Strong area comps and high demand make this a compelling value-add opportunity. Bring your vision and complete the project to maximize returns. Property sold as-is. Cash or renovation financing preferred.

Getting Around

69
WalkingSomewhat Walkable
33
TransitSome Transit
53
BikeBikeable

Schools

3/10
Lakewood ElementaryGrades PK-50.7 mi
4/10

Construction

Condition

  • Year built: 1948

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Stick/Site Built,Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Basement: Crawl Space

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • Finished area above ground: 779

Heating & Cooling

  • Heating features: None,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 779
  • Total interior livable area: 779 sqft

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 107795
  • Zoning: R10
  • Special condition: Owner Sale

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.19 Acres
  • Features: City Lot

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

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

  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Heat Wave
Inland Flooding
Ice Storm
Lightning
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Durham County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $1,618$19,416
Home Insurance *$120$1,440
Property Taxes $260$3,120
Electricity $200$2,405
Total$2,198$26,376
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,360/yr
40% on housing$65,940/yr
45% on housing$58,613/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

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.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$411This listing

vs Other Active Listings

Avg $/sqft

ZIP 27707$218
Durham County$202

vs Homes Sold Last Month

Median $/sqft

ZIP 27707$262
Durham County$231

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

DateEventPrice
2026-04-09Listed for sale$320,000
2021-04-09Listing removed--
2021-03-09Listed for sale$250,000
2018-02-22Sold$165,000

For Sale by Agent

AgentMarla Sewell
BrokerageElevation Realty

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