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For sale
    • Price cut: $5K (6/24)
    $575,000

    507 Phar Lap Ln, Bahama, NC 27503

    4beds
    2,968sqft
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    Single Family Residence, Residential
    Built in 1987
    0.92 Acres Lot
    $566,900 Zestimate®
    $194/sqft
    $81/mo HOA

    What's special

    Stone fireplaceModern finishesRecently renovated kitchenLarge bonus roomButcher block islandStep-in showerBeautiful oak floors
    Split-level beauty with almost 3,000 sq ft of finished space in Black Horse Run - the sought after community offering horse facilities, pool with clubhouse and tennis courts. Incredible views and thoughtful updates make this property a rare find. Step inside to beautiful oak floors and a recently renovated kitchen featuring a butcher block island, quartz countertops, farmhouse sink, and the modern finishes today's buyers love. The keeping room just off the kitchen invites you to gather around the stone fireplace while enjoying views of the private backyard and surrounding nature. Upstairs, the spacious primary suite offers a step-in shower and built-in vanity. Two additional bedrooms are located across the hall from a well-designed bath with a separate bathing area for added privacy and convenience. The finished basement provides exceptional flexibility with a bedroom or office, full bath, multiple storage closets, and a large bonus room. With its own walk-out access, this space could easily be adapted for multi-generational living or guest accommodations. Outside, you'll find a peaceful backyard framed by mature hardwoods and beautiful views. Flowering shrubs, fruit trees, and raised garden beds create a gardener's dream, while clear nights bring stunning star-filled skies. This is a home where thoughtful updates, natural beauty, and flexible living spaces come together perfectly. *Lot next door (1 acre) is owned by family of sellers and can be purchased together - MLS#10173948
    37 days
    |
    1,072
    |
    55
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Edwards 919-564-6652,

    Choice Residential Real Estate

    Source: Doorify MLS,MLS#: 10173935MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Heat Pump
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Built-In Electric Range, Dishwasher, Microwave, Range Hood, Stainless Steel Appliance(s)
      • Laundry: Main Level
      Features
      • Breakfast Bar, Ceiling Fan(s), Kitchen Island, Stone Counters
      • Flooring: Carpet, Hardwood, Tile, Vinyl, Wood
      • Basement: Finished, Walk-Out Access
      • Has fireplace: Yes
      • Fireplace features: Stone, Wood Burning
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,968
      • Total interior livable area: 2,968 sqft
      • Finished area above ground: 2,129
      • Finished area below ground: 839

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage
      • Attached garage spaces: 2
      Features
      • Levels: Multi/Split
      • Patio & porch: Covered, Deck, Patio, Rear Porch
      • Exterior features: Garden, Storage
      • Pool features: Community
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 0.92 Acres
      • Features: Garden, Wooded
      Details
      • Additional structures: Shed(s), Storage
      • Parcel number: 0838115768
      • Special conditions: Standard
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence, Residential
      Materials
      • Stone, Wood Siding
      • Foundation: Block
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1987

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Features: Clubhouse, Pool, Tennis Court(s)
      • Subdivision: Black Horse Run
      HOA
      • Has HOA: Yes
      • Amenities included: Clubhouse, Pool, Trail(s)
      • Services included: Maintenance Grounds
      • HOA fee: $968 annually
      Location
      • Region: Bahama

      Financial & listing details

      • Price per square foot: $194/sqft
      • Tax assessed value: $500,856
      • Annual tax amount: $3,205
      • Date on market: 6/13/2026

        Estimated market value

        $566,900

        $539,000 - $595,000

        $3,912/mo

        Price history

        DateEventPrice
        6/24/2026Price change$575,000-0.9%$194/sqft
        Source: Doorify MLS #10173935 Report a problem
        6/18/2026Price change$580,000-0.9%$195/sqft
        Source: Doorify MLS #10173935 Report a problem
        6/13/2026Listed for sale$585,000+50%$197/sqft
        Source: Doorify MLS #10173935 Report a problem
        12/3/2020Sold$390,000$131/sqft
        Source: Hive MLS #100247557 Report a problem
        10/28/2020Pending sale$390,000+7%$131/sqft
        Source: Mitchell Prime Properties #2322604 Report a problem
        10/13/2020Price change$364,500-2.7%$123/sqft
        Source: Mitchell Prime Properties #2322604 Report a problem
        8/19/2020Price change$374,500-3.9%$126/sqft
        Source: Mitchell Prime Properties #2322604 Report a problem
        8/11/2020Price change$389,500-13.1%$131/sqft
        Source: Mitchell Prime Properties #2322604 Report a problem
        6/3/2020Price change$448,000-2.4%$151/sqft
        Source: Mitchell Prime Properties #2305052 Report a problem
        4/24/2020Listed for sale$459,000$155/sqft
        Source: Local MLS #2305052 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,206 +9.6%$500,856 +67.9%
        2024$2,926 +5.6%$298,224
        2023$2,771 +14.1%$298,224 +0.8%
        2022$2,428 $295,740
        2021$2,428 +1.2%$295,740
        2020$2,398 $295,740
        2019$2,398 -6.2%$295,740 +20.2%
        2018$2,557 +11.6%$246,036
        2017$2,291 +3%$246,036
        2016$2,223 $246,036 -2%
        2015$2,223 -6.5%$250,979
        2014$2,377 $250,979
        2013-- $250,979
        2012-- $250,979
        2011$2,023 0%$250,979
        2010$2,023 +4.9%$250,979
        2009$1,928 $250,979
        2008$1,928 -4.7%$250,979 +7.8%
        2007$2,024 $232,854
        2006$2,024 $232,854
        2005$2,024 +2.2%$232,854
        2004$1,979 $232,854
        2003-- $232,854
        2002$1,837 -4.9%$232,854 +19.3%
        2000$1,932 $195,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 27503

        Getting around

        1 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Durham - Mangum Elementary
        • Middle: Durham - Lucas Middle School
        • High: Durham - Northern High

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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