Three key properties hit market on Holloway Street

When Mrs. BCR was scouring the real estate listings this weekend, I heard her say with surprise, "Oh, these are three nice looking houses coming up for sale on Holloway Street!"

The three houses -- owned for a number of years by Faye Broadwater and her husband Tommy -- are on the market.

Two have been listed for some time with previous agents, but now all three are listed by Marie Austin -- one, a 5,000 sq. ft., already remodeled historic home.

And between them, they provide an interesting opportunity to engage in one of the most intriguing neighborhoods coming of age around downtown Durham.

It'll be interesting to see how much traction the houses get in the local market, but on first glance they offer intriguing possibilities to anyone who might be thinking of trying to move closer to downtown and who's interested in being part of the transformation of the Cleveland-Holloway neighborhood.

Two of the properties (519 and 523) are selling for around the $150k-160k mark; each offers around 3,000 sq. ft. of living space. One is a current triplex that could be converted back to single family. The other has already seen a fair amount of rehab work happen already, from a new roof, wiring and plumbing to foundation repair and the like.

510 Holloway, hitting the market at just under $400,000, is a massive 5,000 sq. ft. of already-completed renovation about as close to downtown as you can get in the neighborhood, sitting (as Endangered Durham noted) as one of the "finer owner-occupied pieces of architecture" in Cleveland-Holloway.

(Photo courtesy of Endangered Durham)

According to reports, 510 Holloway has (had?) been the Broadwaters' owner-occupied property, having started the renovation of 523 in recent years.

For more on Cleveland-Holloway's renovations and the Broadwaters, see 2008's Mosi Secret piece on the neighborhood for the Independent Weekly.

While properties have been being bought and sold pretty frequently around Cleveland-Holloway these days -- with several renovations visibly underway in the southern end of the neighborhood -- it's unusual to see three such properties come up at once, particularly one in the condition of 510 Holloway, and two others ripe for renovation.

It'll be interesting to see how this particular set of sales rolls along.

Comments

[Freddie]

That one pick/green house has been for sale by Preservation NC...It's a complete gut job but it is indeed a beautiful house...It would be nice to see it restored...

[A. Librarian]

I wish I had the money to put into one of these properties - they are beautiful houses and in a great location. I could walk to work in less than 2 minutes!

[Jessie]

Faye is an amazing woman and will be missed when she moves away from Cleveland-Holloway. I hope that whoever buys these incredible homes will become an active part of our neighborhood, which is truly a great place to live. Check out our recent Halloween festivities! clevelandholloway.blogspot.com.

[Natalie]

510 Holloway could quite possibly be the biggest steal in 27701 real estate right now. It is an amazing house in a great neighborhood.

Ditto to Jessie's comments.

[GreenLantern]

I've passed by that area for years, near Holloway and Elizabeth, and watched it transform. Long ago, there was only the bed & breakfast which seemed out of place and a target for criminals. These big historic homes provide an anchor for growth and rising values right on the border with downtown. It would further be enhanced by extending the proposed two-way loop to nearby Dillard Street, and feeding off the recent redevelopment of the old mills.

As others have said, I only wish I had the money to get in now...

I also like the multistory brick former grocery store(?) that sits right next to the railroad tracks under Holloway Street. Someone will probably open a cafe or something that would give the neighbors a place to hang out.

[GreenLantern]

It was 613 Holloway, the O'Brient store, and it's two-story brick. There's a write-up on Gary's ED blog.

[Michael]

613 Holloway would make a great coffee shop! We recently moved to the 700 block of Holloway, and love it so far— http://www.walkingdistancedurham.blogspot.com

[Tamara]

What a great idea ( the Coffee shop)! I would love to stroll myself and my newborn up the block to a coffee shop. We recently moved to the 700 block as well. We love it! Yes the area is in transition but everyone is so friendly and we are excited to see how the neighborhood changes over the next few years!