NOT LISTED FOR SALE

Estimated Value: $616,000 - $1,016,933

6 Beds
2 Baths
3,220 Sq Ft
$262/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $710,000 $220 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,851/month

42 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Forced Air Heating and Cooling System
  • George Watts Elementary Rated A-

About This Home

As of November 2021

Wow! You will love this beautifully renovated two-unit 1925 craftsman w/ 10’ ceilings. Unit A is leased for $2650/mo. Options! Rent out both, or live in one/rent or Airbnb the other. Each unit 3 bed/2 bath. Walk to downtown! Original heart pine floors. Both units have eat-in kitchens, SS appliances, tile floors, crown molding, granite countertop down, and black quartz up. Trendy new fixtures, plenty of parking, large first-floor deck. Amazing 6.9% CAP rate.

Last Agent to Sell the Property

Stan Crowe

Phoenix Realty Of Wake County License #278538 Listed on: 08/26/2021

Last Buyer's Agent

Nico Crecco

Compass -- Chapel Hill - Durham License #310344

Compass -- Chapel Hill - Durham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,078

Year Built

  • Built in 1925

Lot Details

  • 0.27

Interior Spaces

  • Fireplace
  • Basement

Flooring

  • Wood
  • Tile
  • Luxury Vinyl Tile

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Schools

  • Glenn Elementary School
  • Brogden Middle School
  • Riverside High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,078

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Luxury Vinyl, Tile
  • Basement YN: Yes

Exterior Features

  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3.0
  • Parking Features:Off Street: Yes
  • General Property Information:Parking Total: 3.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Ninth Grade High School: Durham - Riverside
  • Middle Or Junior School: Durham - Brogden

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 3078.0
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Durham - Glenn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Nov 3, 2021
Sold by
Sweeney Shane
Bought by
Zhang Xiaoyu
Seller's Agent
Stan Crowe
Phoenix Realty Of Wake County
Buyer's Agent
Nico Crecco
Compass -- Chapel Hill - Durham
List Price
$750,000
Sold Price
$710,000
Premium/Discount to List
-$40,000
-5.33%
Current Estimated Value
$844,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,483
Avg. Annual Appreciation
4.56%
Original Mortgage
$532,500
Outstanding Balance
$488,080
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$356,403

Purchase Details

Closed on
Aug 7, 2019
Sold by
Fletcher John W and Fletcher Jane K
Bought by
Sweeney Shane William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,300
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2009
Sold by
Fletcher John W
Bought by
Fletcher Jane K and Fletcher John W
Source: Public Records

Range of Values:

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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
Zhang Xiaoyu $710,000 None Available
Sweeney Shane William $390,000 Advantage Title Company Llc
Fletcher Jane K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Xiaoyu $532,500
Previous Owner Sweeney Shane William $378,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $710,000 -- --
11/10/2021 11/10/21 Sold $710,000 -5.3% $220 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $750,000 +5.6% $233 / Sq Ft
08/26/2021 08/26/21 Off Market $710,000 -- --
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 $4,471 $789,799 $301,625 $488,174
2024 $4,471 $534,190 $95,325 $438,865
2023 $6,997 $534,190 $95,325 $438,865
2022 $6,837 $534,190 $95,325 $438,865
2021 $3,078 $241,593 $95,325 $146,268
2020 $3,005 $241,593 $95,325 $146,268
2019 $3,005 $346,448 $95,325 $251,123
2018 $3,770 $277,892 $57,195 $220,697
2017 $3,742 $277,892 $57,195 $220,697
2016 $3,935 $309,741 $57,195 $252,546
2015 $2,214 $159,925 $58,044 $101,881
2014 $2,214 $159,925 $58,044 $101,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2404229

Doorify MLS

APN: 109355