$3.5M condo up for sale in downtown Durham
A new luxury apartment complex is coming to downtown Durham, with one condo already up for grabs to the tune of three and a half million dollars.
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Measuring at 3,755 square feet, the $3,479,900 condo is available for sale at a new building on West Main Street in downtown Durham.
Called The Novus, the new high-rise building is going to include a number of condos overlooking the city.
The 3 bed, 3 and a half bath condo will feature "open concept space and full length glass [to] maximize the southern exposure of this unit," according to Zillow.
A variety of luxury amenities including a pool, pickleball court, gym, outdoor theater and golf simulator are also featured in the listing for The Novus.
If $3.5 million is a little steep, there are other units available in The Novus coming in just under $2 million each.
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Even renters, in this climate, are having issues securing housing with the average rent in Durham increasing by 22% in 2021, with the average monthly rent at $1365 according to data from Apartment List.
To put that into perspective, Zillow estimates the monthly mortage cost for the condo to be $18,005 a month, enough money to make the monthly payment on 13 apartments around Durham, even as the rent spikes, and still have money left over.
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