Estimated market value
$465,000
Low $446,400 · Midpoint $465,000 · High $483,600
Confidence65%Sales comparison approach
CompCasa estimate$465,000Current analysis
$446,400$465,000 midpoint$483,600
Price / sq ft$423
Derived from Redfin listing LD+JSON
About the property
Renovated 1945 Historic Home on Rare .21-Acre Lot
This restored 1945 residence stands out for its unusually generous .21-acre lot and an established canopy of mature trees that gives the property a quiet, private feeling while remaining only minutes from downtown Durham. Exterior work and interior renovations were completed in accordance with local historic preservation standards, so the home retains its original proportions and neighborhood character while benefiting from modern systems and finishes. A freshly fenced backyard creates a secure, usable outdoor room for pets, gardening, and summer gatherings.
Inside, 1,099 square feet have been thoughtfully reworked to maximize usable space across three bedrooms and two full baths. New Andersen energy-efficient windows were installed throughout, improving comfort and efficiency while preserving sightlines to the yard and trees. The living areas flow with a classic-but-clean aesthetic—period detail where it matters, paired with updated mechanicals and contemporary paint, trim, and flooring choices to make daily life easy and low-maintenance.
The kitchen and baths were updated to balance durability and style; fixtures and finishes were chosen to honor the home’s era while providing modern conveniences. The home includes central A/C and reliable systems expected in a recently renovated property. Off-street parking for two vehicles adds practical value for commuters and guests.
What separates this address from similar bungalows is the lot: a deep front yard with room for raised beds or a welcoming porch, and a rear yard that feels like a private urban garden. The setting invites weekend afternoons outdoors without sacrificing quick access to Durham’s restaurants, parks, shops, and transit. This is a practical choice for buyers who value vintage character but want move-in-ready quality and the reassurance of work completed under the city’s historic-preservation guidelines.
Photos and interior details were posted following receipt of the Certificate of Occupancy and power activation; the listing hosted an open house to welcome neighbors and buyers. If you’re looking for a compact, lovingly renovated historic home with a rare large lot and a location that makes downtown part of your neighborhood, 1023 W Lakewood Ave is a property to see in person.
Location & nearby
Durham, NC
Researched nearby locations
⌖Off-street parking for 2 vehicles
⌖Minutes to downtown Durham restaurants and shops
⌖Close to parks and public transit options
⌖Nearby parks and green spaces
⌖Minutes from downtown dining and cultural venues
Location
1023 W Lakewood Ave, Durham, NC, 27707
Editorial neighborhood context
This property sits on a peaceful, tree-lined block inside Durham’s historic district, close enough that downtown’s restaurants, music venues, and shops are easy to reach. The area combines the feel of an established residential neighborhood with the convenience of nearby urban amenities and transit. Residents enjoy community events, pocket parks, and the character of preserved architecture—appealing to buyers who want both a strong neighborhood identity and direct access to downtown lifestyle.
Nearby access summary
Close-in recreation — city parks, neighborhood green spaces, and downtown cultural amenities are all within short drives or brief transit rides.
Market context
A factual market snapshot around 1023 W Lakewood Ave.
Editorial market perspective
This listing was posted via Redfin on March 7, 2026, and targets buyers seeking renovated, historic single-family homes close to downtown Durham. While this report does not include live MLS statistics, historically these compact, well-renovated homes on oversized lots receive notable buyer interest because they offer both character and practical urban proximity. For comparative valuation, the listing price of $465,000 aligns with the Redfin-derived midpoint estimate and reflects premium for the lot size, preservation-compliant renovations, and energy upgrades like new Andersen windows.
Buyers should approach the purchase with standard modern-market readiness: a current pre-approval and a realistic appraisal contingency given rising interest in centrally located, turnkey historic homes. Sellers of similar properties have seen quicker interest than generic inventory, but local conditions (days on market, inventory levels, and price trends) fluctuate; consult the active MLS or your agent for up-to-the-minute metrics. In short, this property type typically performs well in Durham’s market—particularly when the work is documented and the home offers a rare private lot so close to downtown.
Highlights & features
What stands out about this property.
01Renovated to historic-preservation standards
02New Andersen energy-efficient windows
03Rare .21-acre lot
04Newly fenced backyard
05Certificate of Occupancy received and utilities active
06Off-street parking for two vehicles
Interior Features
- 3 bedrooms, 2 full bathrooms
- 1,099 square feet of living space
- Renovations completed to historic preservation standards
- New Andersen energy-efficient windows
- Central A/C
- Updated kitchen and baths
- Period-appropriate trim and finishes
Exterior & Lot
- Rare .21-acre lot beneath mature trees
- Newly fenced backyard
- Deep front yard with gardening potential
- Tree-lined residential street
- Off-street parking for 2 vehicles
Location & Neighborhood
- Minutes to downtown Durham restaurants and shops
- Located within Durham’s historic district
- Close to parks and public transit options
- Quiet, established residential street
Walkability & Recreation
- Walkability Rating: null — See agent for local walk score
- Nearby parks and green spaces
- Minutes from downtown dining and cultural venues
- Public transit access within short distance
- Neighborhood streets suitable for walking and biking
- Community-oriented historic district