NOT LISTED FOR SALE

3809 Marcom St Raleigh, NC 27606

Estimated Value: $393,577 - $462,000

Studio
2 Baths
1,612 Sq Ft
$270/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $342,000 $212 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,522/month

5 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • A. B. Combs Magnet Elementary School Rated A
  • Vinyl Flooring

About This Home

As of July 2021

Income producing property in great location; just south of the McKimmon Center at NC State University. The building features block construction with 2 BD/1 BA units. Unit A is occupied; Unit B is vacant.

Last Agent to Sell the Property

Sherrie Smith

NorthGroup Real Estate, Inc. License #182911 Listed on: 06/18/2021

Last Buyer's Agent

Brian Peters

Long & Foster Real Estate INC/Raleigh License #249809

Long & Foster Real Estate INC/Raleigh

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,662

Year Built

  • Built in 1971

Lot Details

  • 8,276

Parking

  • 2 Parking Spaces

Home Design

  • Slab Foundation

Flooring

  • Laminate
  • Vinyl

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,662

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Year Built: 1971
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Vinyl: Yes
  • Flooring Laminate: 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: MultiFamily

Interior Features

  • Flooring: Laminate, Vinyl

Exterior Features

  • Construction Type: Block
  • Foundation Details: Slab
  • Construction Materials:Block2: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Information:Parking Total: 2.0

Utilities

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

Schools

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

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 1662.0
  • Tax Year: 2020

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Jul 12, 2021
Sold by
Keech Michelle D and Keech John Michael
Bought by
Preiss Powell Development V Llc
Seller's Agent
Sherrie Smith
NorthGroup Real Estate, Inc.
Buyer's Agent
Brian Peters
Long & Foster Real Estate INC/Raleigh
List Price
$340,000
Sold Price
$342,000
Premium/Discount to List
$2,000
0.59%
Current Estimated Value
$435,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,894
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Nov 21, 2016
Sold by
Dickey Hurke J and Dickey David L
Bought by
Jkeech Michelle D and Jkeech John Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,875
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2005
Sold by
Harris Donald W
Bought by
Burke J L

Purchase Details

Closed on
Jan 18, 2002
Sold by
Schoples Thomas J and Schoples Janet M
Bought by
Dickey David L and Rones Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,800
Interest Rate
6.98%

Purchase Details

Closed on
Mar 30, 1987
Bought by
Roncs Burke J and Roncs Pamela
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
Preiss Powell Development V Llc $342,000 None Available
Jkeech Michelle D $162,500 None Available
Burke J L -- None Available
Burke J L -- None Available
Dickey David L $147,500 --
Roncs Burke J $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jkeech Michelle D $121,875
Previous Owner Dickey David L $107,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $342,000 -- --
07/12/2021 07/12/21 Sold $342,000 +0.6% $212 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $340,000 -- $211 / 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 $2,900 $327,985 $300,000 $27,985
2024 $3,222 $366,405 $300,000 $66,405
Source: Public Records

Agents Affiliated with this Home

  • Sherrie Smith

    Seller's Agent in 2021

    Sherrie Smith

    NorthGroup Real Estate, Inc.

    (919) 906-2595

    203 Total Sales

    Sherrie Smith
    Section Image
  • Brian Peters

    Buyer's Agent in 2021

    Brian Peters

    Long & Foster Real Estate INC/Raleigh

    (919) 845-2375

    36 Total Sales

    Brian Peters
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2390711

Doorify MLS

APN: 0793.05-28-4622-000

North Carolina Wake County Raleigh 27606

3809 Marcom St, Raleigh, NC

Not Listed for Sale

MultiFamily

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