Bank Owned Properties

If you are currently searching for your new home, or perhaps you are interested in purchasing real estate as an investment, please review our list of bank owned properties below. All of our properties are priced to sell, and we would like to extend to you, our valued bank clients, this unique opportunity to save on these deeply discounted properties. In the current environment when financing for real estate properties is scarce, Harrington Bank is offering extremely competitive and creative financing on these properties to allow for more affordable home ownership or enhanced investors' returns. Properties include:

• newly constructed, never-been-lived-in, residential foreclosure properties
• commercial properties
• residential land

If you would like to learn more about these opportunities please call or e-mail John Lehman at (919) 945-7883 / jlehman@bankatharrington.com

There are several 1-4 family residential properties located in various neighborhoods around Durham that are being priced to sell quickly. These properties can be purchased all together, in smaller groups, or individually. These properties could make a great investment for someone looking to build or grow a real estate portfolio at a low price. The properties currently available are:

Property Addresses         List Price
915 Cook Road              $60,000 Under Contract
2633 Glenbrook Drive       $35,000
1508 Bacon Street          $50,000
1416 Gearwood Avenue       $35,000
2147 Charles Street        $55,000 Under Contract
600 N. Queen Street        $30,000 Under Contract
1011 Fairview Street       $25,000
1342 Maplewood Drive       $32,000
2902 S. Roxboro Street     $38,000
503 Dowd Street            $30,000
1305 Calvin Street         $35,000
216 Red Oak Avenue         $30,000
204 Red Oak Avenue         $30,000
902 Cook Road              $40,000
2229 Charles Street        $45,000
3371 Tarleton East         $86,000

Please click on the following link to view a map of the properties:

 Map link

Lots For Sale in the Winmore Neighborhood.  Lot 67 (under contract) and lot 68 (under contract) are priced at $130,000 each.  Lot 6 is priced at $110,000.  These lots are ready to build on - don't miss your chance to build your custom dream home today!  The neighborhood is located off Homestead Road, and is minutes away from the Carrboro Town Center, Downtown Chapel Hill, UNC, Duke, shopping, museums, music, dance, athletic events, medical services and fine restaurants.

PRICE REDUCED!!! Beautiful half acre lot in the Mountain Air development in Burnsville, NC which includes its own private runway for those property owners that have their own planes.  Also enjoy a private 18 hole golf course.  Listed at $130,000.

There are16 lots in the Crestfield subdivision in Durham available. This subdivision is conveniently located on Cook Road, just off Fayeteville Rd and adjacent to the Hope Valley Farms subdivision. Conveniently located 1 mile from I-40 and Southpoint Mall. Crestfield is approximately 50% built out with homes attractively priced under $250,000. Individual lots are offered for sale for $35,000 each. A package deal for all 16 lots can be negotiated.

For more information, please visit this website  www.NCcommercialRealEstate.INFO

We have 13 townhome lots for immediate sale in the Old Fields subdivision in Graham, North Carolina. Priced at only $19,230 per lot or $250,000 for all 13 units, these lots are in an exceptional location between Greensboro, Chapel Hill, and Raleigh-Durham. Act quickly on this deeply discounted land, as the units were originally sold in 2007 for $32,500 each.

UNDER CONTRACT Hasentree has been meticulously crafted around a spectacular Tom Fazio golf course and a 13,000-square-foot Family Activity Club, providing residents with year-round, resort-style amenities. Hasentree is located only minutes from I-540, downtown Raleigh, and Historic Wake Forest. Harrington Bank currently has two lots available for sale--.  833 Keith Road 0.47 acres listed for $120,000.   804 Keith Road, located on a cul-de-sac is 0.60 acres and listed for $125,000.

PROPERTY UNDER CONTRACT. Great industrial building-flex space or assembly/church space. Recently renovated and located near downtown Durham with easy access to I-85 and Highway 70. The facility is 30,000 square feet on a 3-acre site with ample parking, one acre of fenced in, paved yard, and a covered loading area. PRICE REDUCED: $995,000, well below replacement cost, tax value, and appraised value.