1334 S State St Raleigh, NC 27610
Garner Road Neighborhood
8
Beds
4
Baths
2,704
Sq Ft
0.33
Acres
Highlights
- Deck
- Contemporary Architecture
- Quartz Countertops
- Fuller Elementary Rated A-
- End Unit
- 2-minute walk to Walnut Creek Wetland Center
About This Home
As of November 2024Updated and fully leased quadruplex on RX-3 corner lot blocks from Downtown Raleigh! Four 2 bed/1 bath units with ample off street parking, new roof and windows, new siding, new central air, new flooring, quartz countertops, dishwashers, and easy bus stop access on corner. Fully furnished and operated by established single tenant for STR. Tenant covers all utilities for all four units and lawn/common area maintenance. Leased through April of 2025. Great opportunity to invest in a turn key- low maintenance property with many options for future development zoning of RX-3.
Last Agent to Sell the Property
Rich Realty Group License #231144 Listed on: 06/20/2024
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,899
Year Built
- Built in 1981
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 100x146x100x148
- End Unit
- 1 Common Wall
- Two or More Common Walls
- Private Entrance
- Level Lot
- Cleared Lot
Home Design
- Quadruplex
- Contemporary Architecture
- Block Foundation
- Shingle Roof
- HardiePlank Type
Interior Spaces
- 2,704 Sq Ft Home
- 1-Story Property
- Combination Dining and Living Room
Kitchen
- Oven
- Range Hood
- Dishwasher
- Quartz Countertops
Flooring
- Laminate
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry in Hall
- Laundry on main level
Parking
- 10 Parking Spaces
- 10 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Deck
Schools
- Wake County Schools Elementary And Middle School
- Wake County Schools High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for all utilities, cable TV, common area maintenance, electricity, exterior maintenance, gas, grounds care, hot water, pest control, sewer, telephone, trash collection, water
- The owner pays for insurance, taxes
- Assessor Parcel Number 1713123116
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Gross Income $6,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2024
Closed on
Oct 21, 2024
Sold by
1334 S State St Llc
Bought by
Bobbs Philip
Seller's Agent
Natalee Choby
Rich Realty Group
Buyer's Agent
Non Member
Non Member Office
List Price
$865,000
Sold Price
$782,500
Premium/Discount to List
-$82,500
-9.54%
Total Days on Market
76
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,810
Avg. Annual Appreciation
-3.43%
Original Mortgage
$626,000
Outstanding Balance
$623,708
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$144,982
Purchase Details
Closed on
May 29, 2024
Sold by
Asgari Amir and Asgari Behnaz Rastad
Bought by
1334 S State St Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,800
Interest Rate
7.1%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 28, 2002
Sold by
Terrell Philip W and Gray Stephanie R
Bought by
C & C Investors Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,931
Interest Rate
5.42%
Similar Homes in Raleigh, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $782,500 | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $626,000 | New Conventional | |
| Previous Owner | $562,800 | Construction | |
| Previous Owner | $138,000 | Unknown | |
| Previous Owner | $291,875 | Unknown | |
| Previous Owner | $123,931 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/27/2024 11/27/24 | Sold | $782,500 | -5.2% | $289 / Sq Ft |
| 09/05/2024 09/05/24 | Pending | -- | -- | -- |
| 07/17/2024 07/17/24 | Price Changed | $825,000 | -4.6% | $305 / Sq Ft |
| 06/20/2024 06/20/24 | For Sale | $865,000 | -- | $320 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $4,295 | $485,310 | $300,000 | $185,310 |
| 2023 | $2,898 | $258,575 | $132,000 | $126,575 |
| 2022 | $2,698 | $258,575 | $132,000 | $126,575 |
| 2021 | $2,596 | $258,575 | $132,000 | $126,575 |
| 2020 | $2,550 | $258,575 | $132,000 | $126,575 |
| 2019 | $1,934 | $159,998 | $33,000 | $126,998 |
| 2018 | $1,828 | $159,998 | $33,000 | $126,998 |
| 2017 | $1,744 | $159,998 | $33,000 | $126,998 |
| 2016 | $1,710 | $159,998 | $33,000 | $126,998 |
| 2015 | -- | $211,605 | $48,400 | $163,205 |
| 2014 | $2,158 | $211,605 | $48,400 | $163,205 |
Source: Public Records
Agents Affiliated with this Home
-
Natalee Choby
N
Seller's Agent in 2024
Natalee Choby
Rich Realty Group
(919) 264-4977
1 in this area
30 Total Sales
-
N
Buyer's Agent in 2024
Non Member
Non Member Office
Map
Source: Doorify MLS
MLS Number: 10035971
APN: 1713.17-12-3116-000
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