NOT LISTED FOR SALE

Estimated Value: $341,000 - $397,000

-- Bed
2 Baths
1,089 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 26, 2023

Last sale price $422,500 $388 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $2,267/month

20 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 1-minute walk to Kingwood Forest Park
  • Timber Drive Elementary Rated A-

About This Home

As of December 2023

****Multiple Offers. Agents please see remarks***Attention Investors! Do not miss this unique opportunity a few miles from Downtown. Main home 2504 Evers is updated and leased through June of 2024, and 2506 Evers is a freshly built detached ADU 1 bedroom studio above a 1 car garage leased through August of 2024. The accessory dwelling unit is entirely detached from the main home and lives separately allowing for units to be leased independently. Wonderful established neighborhood, easy access to Downtown Raleigh, I440, shopping and parks. Great opportunity to purchase as an investment now with an income opportunity renting the other unit if you should want to occupy one in the future. NO HOA!

Last Agent to Sell the Property

Natalee Choby

Rich Realty Group License #231144 Listed on: 10/18/2023

Last Buyer's Agent

Adam Grossman

GROSSMAN REAL ESTATE GROUP LLC License #256989

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,480

Year Built

  • Built in 1972

Parking

  • Off-Street Parking

Home Design

  • Masonite

Flooring

  • Wood
  • Tile
  • Vinyl

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Heating and Cooling System
  • Wall Furnace

Additional Features

  • Laundry in unit
  • Crawl Space
  • Property is zoned R-4

Community Details

  • Kingwood Forest Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,480

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Prop. Type: Residential Income
  • Subdivision Name: Kingwood Forest
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Flooring Vinyl: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile, Vinyl
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Type: Masonite
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Electric, Forced Air, Wall Furnace
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Wall Furnace: Yes

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Zoning: R-4

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 1480.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 3090.0

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Dec 5, 2023
Sold by
Capital Property Partners Llc
Bought by
Zhang Yiming and Gillon-Zhang Elizabeth Peeples
Seller's Agent
Natalee Choby
Rich Realty Group
Buyer's Agent
Adam Grossman
GROSSMAN REAL ESTATE GROUP LLC
List Price
$475,000
Sold Price
$422,500
Premium/Discount to List
-$52,500
-11.05%
Views
512
Current Estimated Value
$373,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,303
Avg. Annual Appreciation
-6.70%
Original Mortgage
$320,000
Outstanding Balance
$314,158
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$59,039

Purchase Details

Listed on
Apr 5, 2022
Closed on
Apr 29, 2022
Sold by
Leigh Holland Chelsea
Bought by
Capital Property Partners Llc
Seller's Agent
Matt Martin
Compass -- Raleigh
Buyer's Agent
Hanes Joyner
Corcoran DeRonja Real Estate
List Price
$305,000
Sold Price
$335,000
Premium/Discount to List
$30,000
9.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.04%
Original Mortgage
$251,250
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2020
Sold by
Babington Charles and Callirgos Karla Molero
Bought by
Holland Chelsea Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2019
Sold by
William M Fox Properties Llc
Bought by
Babington Charles

Purchase Details

Closed on
Jun 22, 2010
Sold by
August Eric
Bought by
William M Fox Properties Llc

Purchase Details

Closed on
Apr 23, 2007
Sold by
Fox William M and Fox Joyce S
Bought by
August Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,560
Interest Rate
7.75%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 5, 2007
Sold by
Pearson Weldon and Pearson Myra
Bought by
Fox William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,560
Interest Rate
7.75%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 11, 1999
Sold by
Pearson Weldon and Pearson Myra
Bought by
Pearson Weldon and Pearson Myra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.4%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 26, 1999
Sold by
Pearson Weldon and Pearson Willie Frank
Bought by
Pearson Weldon and Pearson Myra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.4%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhang Yiming $422,500 None Listed On Document
Capital Property Partners Llc $335,000 Murphy Law Pllc
Holland Chelsea Leigh $205,000 None Available
Babington Charles $115,000 None Available
William M Fox Properties Llc -- None Available
August Eric -- None Available
Fox William M $71,000 None Available
Pearson Weldon -- --
Pearson Weldon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Yiming $320,000
Previous Owner Capital Property Partners Llc $251,250
Previous Owner Holland Chelsea Leigh $205,000
Previous Owner Fox William M $75,560
Previous Owner Pearson Weldon $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/26/2023 12/26/23 Sold $422,500 +26.1% $388 / Sq Ft
12/15/2023 12/15/23 Off Market $335,000 -- --
11/07/2023 11/07/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $475,000 +41.8% $436 / Sq Ft
06/03/2022 06/03/22 Sold $335,000 +9.8% $278 / Sq Ft View Prior Sale
04/10/2022 04/10/22 Pending -- -- --
04/09/2022 04/09/22 For Sale $305,000 -- $254 / 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 $3,459 $392,093 $105,000 $287,093
2024 $3,445 $392,093 $105,000 $287,093
2023 $1,480 $133,959 $40,000 $93,959
2022 $1,376 $133,959 $40,000 $93,959
2021 $1,323 $133,959 $40,000 $93,959
2020 $1,300 $133,959 $40,000 $93,959
2019 $907 $76,538 $20,000 $56,538
2018 $856 $76,538 $20,000 $56,538
2017 $816 $76,538 $20,000 $56,538
2016 $800 $76,538 $20,000 $56,538
2015 $968 $91,502 $34,000 $57,502
2014 $918 $91,502 $34,000 $57,502
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2537903

Doorify MLS

APN: 1712.10-36-5363-000