NOT LISTED FOR SALE

1620 Crest Rd Raleigh, NC 27606

Estimated Value: $670,000 - $982,000

8 Beds
8 Baths
4,110 Sq Ft
$211/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $888,000 $216 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,164/month

9 Days on Market

About This Home

As of March 2024

Investment opportunity! Well established and fully occupied Quadruplex in highly desirable location near NC State. Situated just off Western Blvd, short walk to the McKimmon Center and main campus. Also directly on the bus line. Each unit has 2 bedrooms and 1.5 baths. Low maintenance LVT flooring downstairs. Large eat-in kitchens with laundry areas adjacent. All have decks in the back with plenty of privacy from neighboring properties. Large parking lot with plenty of room for all four units. Easy to maintain all brick exterior. With such a high demand for the location, these should never be unoccupied except for the short period of turnover. Two HVACs are less than 3 years old.

Last Agent to Sell the Property

Peyton Irby

Irby Stinson Realty License #234609 Listed on: 02/16/2024

Last Buyer's Agent

Katie Rother

VIVID PROPERTY GROUP License #301151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,890

Year Built

  • Built in 1972

Lot Details

  • 0.51 Acre Lot

Parking

  • 8 Open Parking Spaces

Home Design

  • 4,110 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms

Community Details

  • 4 Units
  • College View Subdivision

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 0793.10-37-2109.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,890

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Prop. Type: Residential Income
  • Subdivision Name: College View
  • Above Grade Finished Sq Ft: 4110.0
  • New Construction: No
  • General Property Information Basement YN: No
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 4110.0
  • General Property Information Number Of Units Total3: 4.0
  • Owner Pays:Sewer2: Yes
  • General Property Information Lot Size Square Feet2: 22215.6
  • General Property Information Lot Size Acres: 0.51
  • General Property Information:Living Area3: 4110.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Acres: 0.51

Garage/Parking

  • Open Parking Spaces: 8.0
  • Open Parking: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 8.0

Lot Info

  • Lot Size Sq Ft: 22215.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 0793.10-37-2109.000

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Sewer, Trash Collection, Water

Tax Info

  • Tax Annual Amount: 5890.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Mar 11, 2024
Sold by
Or Crest Llc
Bought by
Panigrahi Subhrajyoti and Cavale Arun
Seller's Agent
Peyton Irby
Irby Stinson Realty
Buyer's Agent
Katie Rother
VIVID PROPERTY GROUP
List Price
$850,000
Sold Price
$888,000
Premium/Discount to List
$38,000
4.47%
Views
161
Current Estimated Value
$868,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,333
Avg. Annual Appreciation
-1.29%
Original Mortgage
$532,800
Outstanding Balance
$524,169
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$344,498

Purchase Details

Closed on
May 4, 2020
Sold by
Liss Jason and Osten Ilana
Bought by
Or Crest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,060,000
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 30, 2017
Sold by
Artesia Gorman Llc
Bought by
Liss Jason and Osten Hana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2014
Sold by
Greentree Rentals Llc
Bought by
Artesia Gorman Llc

Purchase Details

Closed on
May 16, 2002
Sold by
Lucas Marie J
Bought by
Greentree Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.12%
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
Panigrahi Subhrajyoti $888,000 None Listed On Document
Or Crest Llc -- None Available
Or Crest Llc -- None Listed On Document
Liss Jason $520,000 None Available
Artesia Gorman Llc $323,500 None Available
Greentree Rentals Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panigrahi Subhrajyoti $532,800
Previous Owner Or Crest Llc $1,060,000
Previous Owner Liss Jason $390,000
Previous Owner Greentree Rentals Llc $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2024 03/27/24 Sold $888,000 +4.5% $216 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $850,000 -- $207 / 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 $7,084 $803,069 $360,000 $443,069
2024 $7,055 $803,069 $360,000 $443,069
2023 $5,890 $533,062 $120,000 $413,062
2022 $5,477 $533,062 $120,000 $413,062
2021 $5,267 $533,062 $120,000 $413,062
2020 $5,172 $533,062 $120,000 $413,062
2019 $3,618 $305,294 $75,000 $230,294
2018 $3,416 $305,294 $75,000 $230,294
2017 $3,256 $305,294 $75,000 $230,294
2016 $3,190 $305,294 $75,000 $230,294
2015 $2,962 $278,335 $120,000 $158,335
2014 -- $278,335 $120,000 $158,335
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Peyton Irby

    Irby Stinson Realty

    (919) 413-6402

    90 Total Sales

    Peyton Irby
    Section Image
  • Katie Rother

    Buyer's Agent in 2024

    Katie Rother

    VIVID PROPERTY GROUP

    (919) 624-8476

    137 Total Sales

    Katie Rother
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10011971

Doorify MLS

APN: 0793.10-37-2109-000

North Carolina Wake County Raleigh 27606

1620 Crest Rd, Raleigh, NC

Not Listed for Sale

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