NOT LISTED FOR SALE

1007 Timber Dr Garner, NC 27529

Estimated Value: $502,000 - $595,000

Studio
3 Baths
3,038 Sq Ft
$179/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $570,000 $188 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,265/month

4 Days on Market

About This Home

As of September 2022

Well-maintained triplex to be sold with a duplex two doors down (5 units altogether). See MLS # 2468628 for info on the duplex. Fully leased with long-term tenants. Ideal for investment portfolios and 1031 tax exchange. Serious inquiries only; showings will be limited due to tenants. Please do not disturb tenants; reach out to the listing broker for showing information. Lease info available upon request.

Last Agent to Sell the Property

Joel Tate

Tate & Company, Inc. License #167577 Listed on: 08/15/2022

Last Buyer's Agent

Jill Flink

Berkshire Hathaway HomeService License #104314

Berkshire Hathaway HomeService

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,425

Year Built

  • Built in 1984

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 78' x 183.11' x 35.78' x 51.74' x 188.66

Parking

  • 2 Parking Spaces

Home Design

  • Masonite

Flooring

  • Carpet
  • Vinyl

Schools

  • Aversboro Elementary School
  • East Garner Middle School
  • Garner High School

Additional Features

  • Crawl Space
  • Forced Air Heating and Cooling System

Community Details

Overview

  • 3 Units
  • Heather Ridge Subdivision

Building Details

  • Gross Income $3,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,425

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Year Built: 1984
  • Prop. Type: Residential Income
  • Subdivision Name: Heather Ridge
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Lot Size Dimensions: 78' x 183.11' x 35.78' x 51.74' x 188.66
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Vinyl: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Well-maintained triplex to be sold with a duplex two doors down (5 units altogether). See MLS # 2468628 for info on the duplex. Fully leased with long-term tenants. Ideal for investment portfolios and 1031 tax exchange. Serious inquiries only; showings will be limited due to tenants. Please do not disturb tenants; reach out to the listing broker for showing information.
  • Contract Information Lease Term: 30 Days
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 3.0
  • General Property Information Lot Size Square Feet2: 15507.0
  • General Property Information Lot Size Acres: 0.356
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.36
  • Construction Type: Masonite
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Information:Parking Total: 2.0

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Schools

  • Ninth Grade High School: Wake - Garner
  • Middle Or Junior School: Wake - East Garner

Lot Info

  • Zoning: MF-1
  • Lot Dimensions: 78' x 183.11' x 35.78' x 51.74' x 188.66
  • Lot Size Sq Ft: 15507.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 30 Days
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 3425.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 3055.0

MLS Schools

  • Elementary School: Wake - Aversboro

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2012
Sold by
James Arthur A and James Elise T
Bought by
James Arthur A and James Elsie T
Current Estimated Value
$543,632

Purchase Details

Closed on
Sep 29, 1983
Bought by
James Arthur A and James Elsie T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
James Arthur A -- None Available
James Arthur A $15,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $570,000 -- --
09/20/2022 09/20/22 Sold $570,000 +2.7% $188 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $555,000 -- $183 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,080 $484,037 $120,000 $364,037
2024 $5,063 $484,037 $120,000 $364,037
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joel Tate

    Tate & Company, Inc.

    (919) 210-6419

    3 in this area

    12 Total Sales

    Joel Tate
    Section Image

  • J

    Buyer's Agent in 2022

    Jill Flink

    Berkshire Hathaway HomeService

    (919) 272-0272

    6 in this area

    38 Total Sales

    Jill Flink
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2468632

Doorify MLS

APN: 1710.13-24-3499-000

North Carolina Wake County Garner 27529

1007 Timber Dr, Garner, NC

Not Listed for Sale

MultiFamily

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