NOT LISTED FOR SALE

Estimated Value: $502,854 - $728,000

-- Bed
3 Baths
3,132 Sq Ft
$199/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $557,500 $178 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,690/month

35 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 January 2022

Cash flow quads in the heart of Raleigh, New roof replaced recently. One New HVAC . All ranch style on level living area. Each unit is 2 bedroom and 2 bathroom. NO HOA. No section 8 in this building. Market rent is 1100-1200.

Last Agent to Sell the Property

Iris Lee

Sunshine Properties LLC License #293591 Listed on: 11/14/2021

Last Buyer's Agent

Pamela Mundra

Century 21 Triangle Group License #141429

Century 21 Triangle Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,207

Year Built

  • Built in 1983

Parking

  • 2 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

Overview

  • 4 Units
  • Peach Creek Subdivision

Building Details

  • Gross Income $3,800

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: 2.0
  • General Property Information:Parking Total: 2.0

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
  • Annual Gross Income: 3800.0

MLS Schools

  • Elementary School: Wake - Penny

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2004
Sold by
Jackson Stephen B and Jackson Elizabeth
Bought by
Sheppard Katherine M and Sheppard Matthew T
Current Estimated Value
$621,964

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
Outstanding Balance
$70,009
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$551,955

Purchase Details

Closed on
Jan 6, 2003
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
8.18%
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
Sheppard Katherine M $222,500 Fidelity National Title
Jackson Stephen B $227,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheppard Katherine M $166,875
Previous Owner Jackson Stephen B $197,100
Closed Jackson Stephen B $24,900
Closed Sheppard Katherine M $22,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $557,500 -- --
01/20/2022 01/20/22 Sold $557,500 -8.6% $178 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
11/13/2021 11/13/21 For Sale $609,900 -- $195 / 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 $4,701 $529,915 $175,000 $354,915
2024 $4,682 $529,915 $175,000 $354,915
2023 $4,039 $363,176 $85,000 $278,176
2022 $3,757 $363,176 $85,000 $278,176
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

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Map

Source: Doorify MLS

MLS Number: 2418982

Doorify MLS

APN: 0792.11-66-6485-000