$680,000
SOLD SEP 11, 2024
8 Beds
8 Baths
3,132 Sq Ft
0.41 Acres

Recently Sold

$217 Per Sq Ft

5% Above List Price

6 Days on Market

Highlights

  • Deck
  • 3 Fireplaces
  • Heat Pump System
  • Penny Road Elementary School Rated A-
  • Central Air
  • 1-Story Property

About This Home

As of September 2024

Cash-flowing brick quadruplex situated in the rapidly developing southeast Raleigh area, just minutes from Centennial Campus, Dix Park, and downtown. Meticulously maintained and updated. Each unit features 2 bedrooms and 2 full baths. The long-term owners have consistently took care of the units over the years, with a complete list of updates available in the MLS documents. The property is fully occupied with long-term tenants and new leases in place. Notable updates include a new roof in 2017 and new decks on all units. Next door, the upscale Allora Pines Apartments are currently under construction. Viewing appointments will be available on Saturday, August 10, 2024. All units will be open for viewing, and listing agents will be onsite to answer any questions you may have.

Last Agent to Sell the Property

Luke Dubbelman

Coldwell Banker Advantage License #331626 Listed on: 08/06/2024

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,852

Year Built

  • Built in 1983

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Bathrooms
  • 1-Story Property
  • 3 Fireplaces
  • Crawl Space
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 0792668064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,852

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: 3+
  • Interior Amenities: Smoke Detectors, Wash/Dry Connect
  • List Price per Sq Ft: 197.87
  • Total Bathrooms: 8.00
  • Number Bedrooms Total: 8

Exterior Features

  • Exterior Finish: Brick Veneer, Vinyl Siding
  • Fencing: None
  • Foundation: Crawl Space, Slab
  • Porch Balcony Deck: Deck
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Parking Lot

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • Property Mgmt Company: No

Lot Info

  • Deed Page: 615.00
  • Lot Dimensions: 0000000
  • Plat Book: 1984
  • Plat Page: 330
  • Zoning: R-10

Tax Info

  • Tax Identifier: 0792668064
  • Tax Year: 2024

Multi Family

  • Number Total Units: 4

MLS Schools

  • High School2: Garner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Sep 6, 2024
Sold by
Turner Norman R and Turner Mary A
Bought by
Song Hongying and Yen Charles
Seller's Agent
Luke Dubbelman
Coldwell Banker Advantage
Buyer's Agent
A Non Member
A Non Member
List Price
$650,000
Sold Price
$680,000
Premium/Discount to List
$30,000
4.62%
Total Days on Market
6
Views
53
Current Estimated Value
$698,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,179
Avg. Annual Appreciation
1.93%
Original Mortgage
$510,000
Outstanding Balance
$505,479
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$187,014

Purchase Details

Closed on
Apr 30, 2004
Sold by
Investment Property Exchange Services In and Richardson William J
Bought by
Turner Norman R and Turner Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,400
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 31, 1998
Sold by
Grainger John J
Bought by
Richardson W James and Richardson Jane C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.94%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $680,000 None Listed On Document
Warranty Deed $213,000 Chicago Title Insurance Co
Warranty Deed $186,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,000 New Conventional
Previous Owner $170,400 Adjustable Rate Mortgage/ARM
Previous Owner $148,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $680,000 +4.6% $217 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $650,000 -- $208 / Sq Ft
Source: Hive 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
2024 $4,852 $549,443 $175,000 $374,443
2023 $3,677 $329,997 $85,000 $244,997
2022 $3,421 $329,997 $85,000 $244,997
2021 $3,291 $329,997 $85,000 $244,997
2020 $3,232 $329,997 $85,000 $244,997
2019 $2,579 $215,636 $70,000 $145,636
2018 $2,436 $215,636 $70,000 $145,636
2017 $2,323 $215,636 $70,000 $145,636
2016 $2,277 $215,636 $70,000 $145,636
2015 $2,446 $228,483 $76,000 $152,483
2014 $2,323 $228,483 $76,000 $152,483
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100459583

Hive MLS

APN: 0792.11-66-8064-000