NOT LISTED FOR SALE

112 Shepherd St Raleigh, NC 27607

University Park Neighborhood

Estimated Value: $429,000

3 Beds
2 Baths
1,751 Sq Ft
$245/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $820,000 $468 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $2,677/month

23 Days on Market

Highlights

  • 0.48 Acre Lot
  • Traditional Architecture
  • 1 Fireplace
  • Olds Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Pollock Place Park

About This Home

As of June 2023

So many options! Endless opportunites abound in this charming single-family home sitting on two individullay recorded lots with accessory dwelling duplex in back. Enjoy one of the most walkable neighborhoods in Raleigh. Easy access to the Greenway and within walking distance to NC State. Great option to tear down and build two new single family homes on 1/4 acre lots or one single family home on a beautiful, flat .48 acre lot. Potential to renovate the home and keep the accessory dwelling for rental income. Finished room in upstairs of single family home is not part of the square footage. Sold AS-IS. Seller to do no repairs. Owner is Agent. This listing includes both lots.

Last Agent to Sell the Property

Richard Gephart

Tarheel Real Estate Group LLC License #244404 Listed on: 02/11/2023

Last Buyer's Agent

Chip Barker

Real Broker, LLC License #222468

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,826

Year Built

  • Built in 1956

Lot Details

  • 0.48 Acre Lot
  • Landscaped with Trees
  • Property is zoned R-6

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Cement Siding

Interior Spaces

  • 1,751 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking Pad
  • On-Street Parking

Schools

  • Olds Elementary School
  • Martin Middle School
  • Broughton High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Wilmont Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,826

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Year Built: 1956
  • Prop. Type: Residential
  • Subdivision Name: Wilmont
  • Above Grade Finished Sq Ft: 1751.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Multi/Split, One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 1461.0
  • General Property Information Total Unfinished Area2: 1461.0
  • General Property Information Lot Size Dimensions: 240x90x266x80 Includes both lots
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Lot Features Hardwood Trees: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • General Property Information Senior Community YN: No
  • Levels MultiSplit: Yes
  • General Property Information Above Grade Finished Area: 1751.0
  • General Property Information Carport YN: No
  • Cooling Window Unit(s): Yes
  • General Property Information Lot Size Square Feet2: 20908.8
  • General Property Information Lot Size Acres: 0.48
  • General Property Information:Living Area3: 1751.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Appliances: Electric Water Heater, Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Appliances:Electric Water Heater: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.48
  • Home Warranty: No
  • Construction Type: Brick, Cement Siding
  • Construction Materials:Brick: Yes
  • Construction Materials:Cement Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street, Parking Pad
  • Parking Features:On Street: Yes
  • Parking Features:Parking Pad: Yes

Utilities

  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Martin

Lot Info

  • Zoning: R-6
  • Lot Dimensions: 240x90x266x80 Includes both lots
  • Lot Size Sq Ft: 20908.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5826.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Olds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2023
Closed on
Jun 2, 2023
Sold by
Gephart Building Company Llc
Bought by
Barker Bryce M
Seller's Agent
Richard Gephart
Tarheel Real Estate Group LLC
Buyer's Agent
Chip Barker
Real Broker, LLC
List Price
$888,000
Sold Price
$820,000
Premium/Discount to List
-$68,000
-7.66%
Views
55
Current Estimated Value
$429,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$391,000

Purchase Details

Closed on
Jul 28, 2010
Sold by
Murray Dorothy L and Watson Barbara M
Bought by
Fhbc Associates Llc
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
Barker Bryce M $820,000 None Listed On Document
Fhbc Associates Llc $465,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $820,000 -- --
06/09/2023 06/09/23 Sold $820,000 +0.5% $468 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
03/03/2023 03/03/23 Price Changed $816,000 -3.9% $466 / Sq Ft
02/17/2023 02/17/23 Price Changed $849,000 -4.4% $485 / Sq Ft
02/10/2023 02/10/23 For Sale $888,000 -- $507 / 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
2022 $5,827 $569,564 $357,500 $212,064
2021 $5,602 $569,564 $357,500 $212,064
2020 $5,500 $569,564 $357,500 $212,064
2019 $0 $467,435 $220,000 $247,435
2018 $0 $467,435 $220,000 $247,435
2017 $0 $467,435 $220,000 $247,435
2016 $0 $467,435 $220,000 $247,435
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Richard Gephart

    Tarheel Real Estate Group LLC

    (919) 369-4466

    1 in this area

    6 Total Sales

    Richard Gephart
    Section Image
  • Chip Barker

    Buyer's Agent in 2023

    Chip Barker

    Real Broker, LLC

    (919) 271-1074

    2 in this area

    69 Total Sales

    Chip Barker
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2494668

Doorify MLS

APN: 0794.15-53-7931-000

North Carolina Wake County Raleigh 27607 University Park

112 Shepherd St, Raleigh, NC

Not Listed for Sale

Detached

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