NOT LISTED FOR SALE

1101 Lorimer Rd Unit A & B Raleigh, NC 27606

Avent West Neighborhood

Estimated Value: $492,000 - $562,000

4 Beds
4 Baths
1,920 Sq Ft
$277/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $525,000 $273 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,095/month

57 Days on Market

Highlights

  • 0.37 Acre Lot
  • Transitional Architecture
  • Laundry Room
  • A. B. Combs Magnet Elementary School Rated A
  • End Unit
  • Tile Flooring

About This Home

As of May 2024

Location...Location!!! This duplex is just off Western Blvd, close to bus route and in walking distance to the McKimmon Center. Each interior was given a make over a few years ago. Each unit offers Livingroom, half bath, eat-in kitchen (Frig inc.), laundry room (Washer & Dryer inc. Unit B) and back deck. Upstairs in each are 2 gracious bedrooms & a full bath. Shed in back. Ample driveway and off-street parking. Large front yard. Home sold as-is due to exterior and deck needing some love!!

Last Agent to Sell the Property

Brenda Carroll

Total Source/Just Call Brenda License #181096 Listed on: 02/09/2024

Co-Listed By

Becky Young

Total Source/Just Call Brenda License #237138

Last Buyer's Agent

Olumide Olurinmade

Covenant Realty License #270678

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,800

Year Built

  • Built in 1980

Lot Details

  • 0.37 Acre Lot
  • End Unit
  • 1 Common Wall

Home Design

  • Duplex
  • Transitional Architecture
  • Permanent Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Parking Pad
  • Private Driveway
  • 4 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for exterior maintenance, grounds care, roof maintenance, sewer, trash collection, water
  • Assessor Parcel Number 0062768

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,800

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Year Built: 1980
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Phone: 919-434-3434
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1920.0
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Common Walls End Unit: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 1920.0
  • Foundation Details Permanent: Yes
  • General Property Information Number Of Units Total3: 2.0
  • Owner Pays:Sewer2: Yes
  • Structure Type Duplex: Yes
  • General Property Information Lot Size Square Feet2: 16117.2
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Lot Size Acres: 0.37
  • General Property Information Stories2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Luxury Vinyl, Tile
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.37
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Wood Siding
  • Foundation Details: Permanent
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Driveway, Off Street, Parking Pad
  • Total Parking Spaces: 4.0
  • Parking Features:Driveway: Yes
  • Parking Features:Parking Pad: Yes
  • Parking Features:Off Street: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 16117.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 0062768

Rental Info

  • Tenant Pays: Cable TV, Electricity
  • Lease Term: Month To Month
  • Owner Pays: Exterior Maintenance, Grounds Care, Roof Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Tax Annual Amount: 2800.25
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Leased: 1
  • Number of Month to Month Units: 1
  • Number Of Units Vacant: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
May 22, 2024
Sold by
Roche Casey E and Roche Mirela Golinska
Bought by
Olurinmade Olumidc Abioye and Olurinmade Oluwakemi Atinuke
Seller's Agent
Brenda Carroll
Total Source/Just Call Brenda
Buyer's Agent
Olumide Olurinmade
Covenant Realty
List Price
$475,000
Sold Price
$525,000
Premium/Discount to List
$50,000
10.53%
Views
22
Current Estimated Value
$531,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,110
Avg. Annual Appreciation
0.82%
Original Mortgage
$420,000
Outstanding Balance
$414,353
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$116,757

Purchase Details

Closed on
Jun 22, 2018
Sold by
Cowan James Tony and Cowan Ida F
Bought by
Roche Casey E and Roche Mirela Golinska

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1976
Bought by
Cowan James Tony and Cowan Ida F
Source: Public Records

Range of Values:

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Average Value
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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
Olurinmade Olumidc Abioye $525,000 None Listed On Document
Olurinmade Olumidc Abioye $525,000 None Listed On Document
Roche Casey E $255,000 None Available
Cowan James Tony $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olurinmade Olumidc Abioye $420,000
Closed Olurinmade Olumidc Abioye $420,000
Previous Owner Roche Casey E $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $525,000 0.0% $273 / Sq Ft
04/07/2024 04/07/24 Pending -- -- --
03/27/2024 03/27/24 Off Market $525,000 -- --
02/11/2024 02/11/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $475,000 -- $247 / 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 $3,776 -- -- --
2024 $3,760 $428,379 $215,000 $213,379
2023 $2,800 $253,234 $120,000 $133,234
2022 $2,604 $253,234 $120,000 $133,234
2021 $2,504 $253,234 $120,000 $133,234
2020 $2,459 $253,234 $120,000 $133,234
2019 $1,876 $158,439 $90,000 $68,439
2018 $1,771 $158,439 $90,000 $68,439
2017 $1,688 $158,439 $90,000 $68,439
2016 $1,654 $158,439 $90,000 $68,439
2015 -- $187,349 $90,000 $97,349
2014 $1,879 $187,349 $90,000 $97,349
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10010735

Doorify MLS

APN: 0784.20-90-8188-000