NOT LISTED FOR SALE

1909 Tischer Rd Raleigh, NC 27603

South Raleigh Neighborhood

Estimated Value: $679,000 - $743,000

-- Bed
3 Baths
3,132 Sq Ft
$228/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $599,000 $191 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,217/month

7 Days on Market

Highlights

  • Fireplace
  • Luxury Vinyl Tile Flooring
  • Heat Pump System
  • Penny Road Elementary School Rated A-
  • Central Air

About This Home

As of December 2021

Cash flow quads in the heart of Raleigh.All ranches style one floor living area. Each unit is 2 bedroom 2 bath. Fridge, stove included. Washer and dryer hook up. 4 units are fully renovated. 1909 D left vacant for showing. If fully rented gross rent can be $3895. Market rent is $1100-$1200. Unit B and Unit C are section 8.NO HOA. Same owner is also selling 1913 Tischer and 1917 Tischer.

Last Agent to Sell the Property

Iris Lee

Sunshine Properties LLC License #293591 Listed on: 11/12/2021

Last Buyer's Agent

Carolyn Graven

Keller Williams Elite Realty License #319609

Keller Williams Elite Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,207

Year Built

  • Built in 1983

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Fireplace

Flooring

  • Luxury Vinyl Tile
  • Vinyl

Schools

  • Penny Elementary School
  • Apex Middle School
  • Apex Friendship High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • 4 Units
  • Peach Creek Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,207

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Year Built: 1983
  • Prop. Type: Residential Income
  • Subdivision Name: Peach Creek
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Vinyl: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 4.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Luxury Vinyl, Vinyl

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Slab
  • Construction Materials:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Information:Parking Total: 3.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Ninth Grade High School: Wake - Apex Friendship
  • Middle Or Junior School: Wake - Apex

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 3207.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Wake - Penny

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Dec 16, 2021
Sold by
Fayeton Llc
Bought by
Chadda Rubinder and Oberoi Jasleen
Seller's Agent
Iris Lee
Sunshine Properties LLC
Buyer's Agent
Carolyn Graven
Keller Williams Elite Realty
List Price
$599,000
Sold Price
$599,000
Current Estimated Value
$712,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,878
Avg. Annual Appreciation
4.67%
Original Mortgage
$449,250
Outstanding Balance
$412,468
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$300,410

Purchase Details

Closed on
Feb 16, 2021
Sold by
Best Investment Realty Assets 1 Llc
Bought by
Fayeton Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2019
Sold by
Sheppard Katherine M and Sheppard Matthew T
Bought by
Best Investment Realty Assets 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,220,750
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2004
Sold by
Jackson Stephen B and Jackson Elizabeth
Bought by
Sheppard Katherine M and Sheppard Matthew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,875
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2002
Sold by
Kintz Robert W and Kintz Anna M
Bought by
Jackson Stephen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,100
Interest Rate
7.8%
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
Chadda Rubinder $599,000 None Available
Fayeton Llc $1,380,000 None Available
Best Investment Realty Assets 1 Llc $930,000 None Available
Sheppard Katherine M $222,500 --
Jackson Stephen B $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chadda Rubinder $449,250
Previous Owner Fayeton Llc $355,000
Previous Owner Best Investment Realty Assets 1 Llc $1,220,750
Previous Owner Sheppard Katherine M $166,875
Previous Owner Jackson Stephen B $197,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2021 12/28/21 Sold $599,000 0.0% $191 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $599,000 -- $191 / 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 $5,195 $586,496 $175,000 $411,496
2024 $5,174 $586,496 $175,000 $411,496
2023 $4,685 $422,521 $85,000 $337,521
2022 $4,358 $422,521 $85,000 $337,521
2021 $3,266 $327,395 $85,000 $242,395
2020 $3,207 $327,395 $85,000 $242,395
2019 $2,499 $208,695 $70,000 $138,695
2018 $2,360 $208,695 $70,000 $138,695
2017 $2,251 $208,695 $70,000 $138,695
2016 $2,206 $208,695 $70,000 $138,695
2015 $2,435 $227,429 $76,000 $151,429
2014 $2,313 $227,429 $76,000 $151,429
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2021

    Iris Lee

    Sunshine Properties LLC

    (919) 946-5964

    3 in this area

    139 Total Sales

    Iris Lee
    Section Image
  • Carolyn Graven

    Buyer's Agent in 2021

    Carolyn Graven

    Keller Williams Elite Realty

    (408) 655-7438

    2 in this area

    58 Total Sales

    Carolyn Graven
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2418981

Doorify MLS

APN: 0792.11-66-6392-000

North Carolina Wake County Raleigh 27603 South Raleigh

1909 Tischer Rd, Raleigh, NC

This home is located at 1909 Tischer Rd, Raleigh, NC 27603 since 12 November 2021 and is currently estimated at $712,878, approximately $227 per square foot. This property was built in 1983. 1909 Tischer Rd is a home located in Wake County with nearby schools including Penny Road Elementary School, Apex Middle, and Apex High School.

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