NOT LISTED FOR SALE

3700 Greenleaf St Raleigh, NC 27606

Estimated Value: $654,000 - $930,000

Studio
3 Baths
4,088 Sq Ft
$208/Sq Ft Est. Value

Last Sold November 02, 2023

Last sale price $890,000 $218 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,010/month

1 Day on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Leroy Martin Magnet Rated A

About This Home

As of November 2023

This exceptional quadruplex offers the ultimate convenience with its prime location within walking distance of NCSU and Centennial Campus. Boasting four identical 2-bedroom, 1.5-bathroom units, this property presents a blend of consistency and value. The interiors have undergone a comprehensive renovation, ensuring modern comfort and style for residents. Newer HVAC systems have been installed, contributing to enhanced energy efficiency and tenant satisfaction. The property is fully occupied, a testament to its desirability and investment potential. Each unit's utilities are individually metered, placing the responsibility on tenants. An additional opportunity presents itself with the availability of the neighboring property at 3710 Greenleaf, also being offered for sale by the same owner. This is not just a quadruplex; it's an investment opportunity that encompasses prime location, renovated interiors, and a promising rental history. Don't miss out on the potential that awaits.

Last Agent to Sell the Property

Rebekah Lindsey

Real Broker, LLC - Carolina Collective Realty License #286051 Listed on: 09/08/2023

Last Buyer's Agent

Trey Heyward

Heyward Realty License #275325

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,606

Year Built

  • Built in 1982

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Masonite

Flooring

  • Carpet
  • Laminate

Basement

  • Crawl Space

Schools

  • Carpenter Elementary School
  • Alston Ridge Middle School
  • Athens Dr High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,606

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Year Built: 1982
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Remarks and Miscellaneous Syndication Remarks2: This exceptional quadruplex offers the ultimate convenience with its prime location within walking distance of NC State and Centennial Campus. Boasting four identical 2-bedroom, 1.5-bathroom units, this property presents a harmonious blend of consistency and value. The interiors have undergone a comprehensive renovation, ensuring modern comfort and style for residents. Newer HVAC systems have been installed, contributing to enhanced energy efficiency and tenant satisfaction. The property is fully occupied
  • Flooring Laminate: 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: Carpet, Laminate
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes

Exterior Features

  • Construction Type: Brick, Masonite
  • Construction Materials:Masonite: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes

Schools

  • Ninth Grade High School: Wake - Athens Dr
  • Middle Or Junior School: Wake - Alston Ridge

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 6606.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Wake - Carpenter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 17, 2023
Sold by
Welch Capital Llc
Bought by
First In Freedom Real Estate Llc
Seller's Agent
Rebekah Lindsey
Real Broker, LLC - Carolina Collective Realty
Buyer's Agent
Trey Heyward
Heyward Realty
List Price
$900,000
Sold Price
$890,000
Premium/Discount to List
-$10,000
-1.11%
Views
25
Current Estimated Value
$850,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,581
Avg. Annual Appreciation
-2.07%
Original Mortgage
$667,500
Outstanding Balance
$654,547
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$195,872

Purchase Details

Closed on
Jun 10, 2020
Sold by
Welch James and Welch Amanda
Bought by
Welch Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2017
Sold by
Welch James and Welch Amanda
Bought by
Welch Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2017
Sold by
Artesia Gorman Llc
Bought by
Welch James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2014
Sold by
Lucas Investments Ii Llc
Bought by
Artesia Gorman Llc
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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Purchase History

Date Buyer Sale Price Title Company
First In Freedom Real Estate Llc $890,000 None Listed On Document
Welch Capital Llc -- None Available
Welch James -- None Available
Welch Capital Llc -- None Available
Welch James R $570,000 None Available
Artesia Gorman Llc $274,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open First In Freedom Real Estate Llc $667,500
Previous Owner Welch James $368,000
Previous Owner Welch James R $399,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2023 11/02/23 Sold $890,000 -1.1% $218 / Sq Ft
09/19/2023 09/19/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $900,000 -- $220 / 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 $6,754 $765,265 $306,000 $459,265
2024 $6,726 $765,265 $306,000 $459,265
Source: Public Records

Agents Affiliated with this Home

  • Rebekah Lindsey

    Seller's Agent in 2023

    Rebekah Lindsey

    Real Broker, LLC - Carolina Collective Realty

    (919) 368-5101

    111 Total Sales

    Rebekah Lindsey
    Section Image

  • T

    Buyer's Agent in 2023

    Trey Heyward

    Heyward Realty

    (919) 608-1473

    96 Total Sales

    Trey Heyward
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2531256

Doorify MLS

APN: 0793.06-29-6177-000

North Carolina Wake County Raleigh 27606

3700 Greenleaf St, Raleigh, NC

Not Listed for Sale

MultiFamily

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